Brokered by Mancinone, Horvath, Nolletti & Witten Marcus & Millichap handles Center Shops' sale for $3.2 million
Adam Mancinone, Robert Horvath, Victor Nolletti and Steve Witten of Marcus & Millichap Investment Real Estate Services of New Haven were the sole brokers in the sale of the Center Shops located at 3 Turkey Hills Rd. The property was sold for $3.2 million.
The site consists of 4.98 acres of prime retail frontage and sits at the intersection of Rte. 20 and Rte. 187. The property is improved by a 39,564 s/f strip center, anchored by the First National Bank of Suffield. The remainder of the center is tenanted by local service based businesses. The property was sold by Connecticut based investors.
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