Auburndale Realty completes 7,200 s/f lease at Merrimack Warehouse
Auburndale Realty Co., successfully leased 7,200 s/f of warehouse space at the Merrimack Warehouse facility, 95D Fitchburg Rd. AIC, Inc. and Scopro Rigging, LLC have signed a long-term lease for 7,200 s/f of warehouse/office space. Auburndale Realty represented the landlord, Merrimack Warehouse Nominee Trust and the tenants were represented by Poirer Realty.
Rob Nahigian also completed a short-term lease of 33,600 s/f of warehouse/office space at 95B Fitchburg Rd., to Superclean Brands, Inc. The tenant is a manufacturer of windshield wiper fluid.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary