Calabrese and Valenti of R. Calabrese Agency complete 2 sales - $680,000
Ralph Calabrese and Tony Valenti of the R. Calabrese Agency, LLC were the sole brokers involved in the sale of a 902 s/f office condominium located at 329 Main St. The condominium is part of Village Commons, located adjacent to a variety of other businesses, and this property's excellent location allows for access to the Wallingford area and other neighboring towns. Village Commons is a two-story building, constructed in 1988, and is occupied by a variety of local, longstanding small businesses. Liberty Driver's Education Center, LLC was the buyer.
Calabrese and Valenti also sold 0.75 acres of vacant commercial property to 100 East Main Street, LLC for $600,000. This property is located on the West St. (Rte. 229) corridor, less than one-quarter mile from I-84 in Southington. The new owners are preparing to construct a 1,800 s/f Dunkin' Donuts with drive thru. The Dunkin' Donuts parcel is located in front of and is adjacent to a new Homewood Suites Hotel by Hilton, currently under construction. The Dunkin' Donuts and Hotel are anticipated to open in the third quarter of this year.
The seller was Westcorp, LLC, and the R. Calabrese Agency, LLC was the sole broker involved in this transaction.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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