Calabrese and Valenti of the R. Calabrese Agency sell 115,117 s/f
Ralph Calabrese and Tony Valenti of the R. Calabrese Agency, LLC represented the seller, General Real Estate Holdings, LLC in the $2.9 million sale of 74 Spring St. The 115,117 s/f building situated on 5 acres is in close proximity to exit 32 of I-84.
The building offers twenty foot ceiling heights, seven loading docks, 4,000 amp electrical service, and 3,500 s/f of office space. The buyer, Reverse Solutions, LLC previously headquartered in Wallingford, was in the market to identify a property that was strategically located and could accommodate the space required to expand their business.
Reverse Solutions, LLC identified the Southington property as their strategic and logical choice. Calabrese and Valenti worked closely with their client and the buyer in all aspects of the purchase and sale negotiations leading to this complicated, but successfully consummated transaction.
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