Bob Bowden of the R. Calabrese Agency, LLC completed a 10,000 s/f lease at 117 East Aurora Street on behalf of B&V Realty. The tenant, AutoPart International will be relocating to the East Aurora St. property from their current location on Hamilton Ave. Their newer, larger facility is located between two exit ramps to Rte. 8, less than one mile from I-84. AutoPart International's corporate headquarters and main distribution center are located in Mass.
AutoPart International operates over 200 branch stores employing over 1,700 people. With over 50 years' experience in the automotive aftermarket, AutoPart International is the leader in aftermarket parts business. The company was founded in 1957 by Stephen Patkin, who took a summer job sourcing parts for his family's Fiat/Renault car dealership. The need for these hard to source parts was the catalyst for Patkin to start what is today one of the industry's fastest growing automotive parts supplier.
Vance Taylor of Commercial Realty Group represented the tenant AutoPart International and Bowden represented the property owner, B&V Realty.
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