Avison Young leases 15,000 s/f to Microphase Corporation in Shelton
Avison Young completed a new 15,000 s/f long-term lease at Cambridge Hanover's 100 Trap Falls Rd. with Microphase Corp., a leading radio frequency and microwave filter manufacturer.
Sean Cahill, Avison Young principal and managing director of the firm's Fairfield/Westchester office, and senior vice president William Anson represented Cambridge Hanover in the transaction, while Roger Ludwig of Pyramid Real Estate Group represented the tenant. Microphase is scheduled to take occupancy of its new space in March.
Cambridge Hanover purchased 100 Trap Falls Rd. in July 2013, and has completed major capital improvements to convert the building from a single-tenant industrial property to a multi-tenant flex building.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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