Brady Sullivan's Manchester Commons has burst of leasing activity
According to Brady Sullivan Properties, their newest commercial acquisition, Manchester Commons has been at the center of a number of recent lease transactions in the past few months. Manchester Commons is a multi-building, two story, 102,000 s/f retail plaza, and it is adjacent to a 70,000 s/f Shaw's grocery store. In all, Brady Sullivan has completed 11,324 s/f of new deals at the site in recent months.
South Willow Animal Hospital relocated from their South Willow St. location, to Manchester Commons and leased 2,713 s/f of class A retail space.
The Dance Studio of Manchester has relocated to Manchester Commons into 3,595 s/f next to Shaw's, on the second floor.
An independent GEICO insurance office has leased space next to Shaw's, on the ground floor. This office, which will be occupying roughly 1,200 s/f is looking to be up and running by the new year.
Auto Equity Loans, a money lending institution, has leased 1,525 s/f on the ground floor. AE Loans was represented by Mike Tamposi of CB Richard Ellis.
Royal Palace Dance Studio has leased 2,310 s/f on the second floor. The tenant was represented by Jon Jackman of Jackman Commercial Realty.
Charles Panasis and Benjamin Kelley of Brady Sullivan worked to complete all these transactions on behalf of the landlord.
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