Barry and Steingold of CB Richard Ellis-NE sells 43,500 s/f - $1.635m
Tom Barry and Larry Steingold of CB Richard Ellis-New England sold 750 Wellington Rd. for $1.635 million.
The property, a 43,500 s/f one-story industrial building, was sold by Wellington Ave. Associates to Kernan Properties, LLC.
The building is located along I-95 with access to Rte. 10 and I-95. The property is near downtown Providence and T.F. Greeen Airport.
The 60 year old concrete block facility is on a 3 acre site and has 3 loading docks, 5 drive-in doors, 18' ceilings and is M-2 zoned and has been used for light industrial and warehouse needs.
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