Cardente Real Estate completes six transactions in Yarmouth and Portland
Cardente Real Estate has completed the following transactions.
*Island Treasure Toys has leased 1,600 s/f of retail space at 805 U.S. Rte. 1. This transaction was brokered on behalf of the landlord by Michael and Matthew Cardente
*Village Consignment has leased 1,600 s/f of retail space at 805 U.S. Rte 1. This was brokered on behalf of the landlord by Michael & Matthew Cardente.
*Anco Custom Truck Accessories has leased 1,080 s/f of flex space at 400 Riverside Street in Portland, Maine. This was brokered on behalf of the landlord by Nathan DeLois.
*Francis Jackson has purchased a 726 s/f retail/office condo at 70 India Street in Portland. This was brokered on behalf of the seller by Michael Cardente and on behalf of the purchaser by Greg Nisbet of Downeast Reality.
*New England Organ Bank has leased 1,011 s/f of office space at 980 Forest Ave., Portland. This was brokered on behalf of the landlord by Michael Cardente and on behalf of the tenant by Brian Giguere.
*Cincinnati Time Bank of Maine has leased 2,650 s/f of industrial space at 219 Anderson St. in Portland. This was brokered on behalf of the landlord by Michael Cardente and on behalf of the tenant by Chris Craig of the Dunham Group.
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