Barnes of Sea Watch Realty sells 331 State Road Plaza for $4.425m
Sea Watch Realty, Inc. recently sold the 30,000 s/f retail plaza located at 331 State Rd. (Rte. 6). The property, also known as The Smiths Mills Shops, was sold to The Kempner Corporation of White Plains, N.Y. Rick Barnes of Sea Watch Realty represented the seller and procured the buyer.
The retail property was originally built in 1980. It was acquired by Joseph Delgado in 1999 and substantially redeveloped in 2000 and 2001. The property is now 100% leased to multiple tenants. The sale price of the property was $4.425 million.
Sea Watch Realty is a commercial real estate brokerage company specializing in commercial and investment properties in southeastern Massachusetts. Offices are located in Marion, Falmouth, Hyannis, Plymouth and South Easton.
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