News: Front Section
Posted: August 19, 2022
Bongiorni of SR Commercial leases 17,000 s/f to Berkshire Trade LLC, DBA Terminal for Amazon Prep Center
East Longmeadow, MA Paul Bongiorni of SR Commercial Realty brokered the lease of 17,000 s/f of warehouse space.
The multi-tenant industrial property at 35 Industrial Dr. is home to Toner Plastics, a company specializing in plastics design and manufacturing.
The building is 125,000 s/f and sits on over seven acres in one of the area’s industrial parks.
The new tenant is Berkshire Trade LLC, DBA Terminal, a tech-enabled Amazon FBA prep center.
The prep center receives inventory for sellers, prepares and packages it according to Amazon’s standards, and then sends it out to Amazon’s vast network of fulfillment centers.
Tags:
Front Section
MORE FROM Front Section
Front Section
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein
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.