Burgess Properties and Prudential Prime Properties handle $1.087m sale
Burgess Properties Inc. has brokered the sale of 2 Draper St. for $1.087 million in conjunction with Prudential Prime Properties of Medford.
Situated on 27,060 s/f of land, 2 Draper St. is a single-story, 14,144 s/f multi-bay facility located off Montvale Ave. Five out of the six bays in the building are currently leased to local contractors. Stephen Nohrden of Burgess Properties represented the buyer, Matthew Piccione and Scott David Cutler of Prudential Prime Properties, represented the seller, Draper St. LLC.
Matthew Piccione is a Winchester-based investor and developer and plans to use the available bay for his own business.
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