Barber and Melillo of Pearce Commercial broker $815,000 sale at 476 Washington Avenue
According to Barbara Pearce, president of Pearce Real Estate Company, Phil Barber and Dave Melillo, of Pearce Commercial's North Haven office, have completed a sale transaction at 476 Washington Ave. The sale price was $815,000.
The buyer, Neptune LLC, plans to build a full-service restaurant featuring an extensive menu with take-out and delivery options. The opening is planned for this month.
Melillo represented the seller, Amy Difazio, trustee for this transaction. Barber represented the buyer, Neptune LLC.
In another transaction, Chris Nolan, of Pearce Commercial's North Haven office, has concluded his marketing efforts with the sale of another commercial office condominium in "Sturbridge Commons" professional condominium office park, located at 250 State St. in North Haven. The unit sold for $269,000.
The space, Unit J-1, measures 2,096 s/f, and is a first floor walk-in unit. It was the former home to a private financial services organization. The buyer, RPP Properties LLC, was formerly a tenant in a different unit in the same commercial condominium complex.
Nolan exclusively represented the seller, RAB Properties, LLC. The buyer, RPP Properties, LLC, was represented by Joel Nesson with Press Cuozzo Realtors.
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