CB Richard Ellis brokers $10.2 million sale of 100 Bank St. to Marley Properties
CB Richard Ellis has arranged the sale of 100 Bank St., a 68,994 s/f class A office building, for $10.2 million.
The CBRE team of Gary Lemire, Bill Moylan, Chris Angelone and Patrick Cavanagh, along with Bill Kiendl of VT Commercial, represented the seller, The Kevin Donohoe Co., and procured the buyer, Marley Properties, LLC.
100 Bank St. is an eight-story, office building. It is 99% leased with a tenant roster that includes Marsh Management Services, Verizon, Charles Schwab and Chittenden Bank. The property is attached to the Burlington Town Center, a 444,000 s/f shopping center. 100 Bank St. has views of Lake Champlain and is located close to I-89.
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