CBRE Capital Markets arranges $4.2 million in financing for Nielsen
CB Richard Ellis's Connecticut/Westchester office arranged $4.2 million in permanent financing for three of the seven buildings in Thorndal Circle Office Park, comprising of 79,600 s/f.
Bill Catanzaro of CBRE Capital Markets arranged the financing on behalf of The Nielsen Co. with Allstate Investments, LLC, an exclusive correspondent.
The three contiguous office buildings are located at 1, 22 and 28 Thorndal Circle. Building 1 is a two-story office building containing 30,000 s/f. Both buildings 22 and 28 are three-story structures totaling 49,600 s/f of office space.
Building 28 was recently vacated by Colangelo Synergy Marketing. The second floor, totaling 13,321 s/f, has been leased by Guggenheim Partners, while the remaining first and third floors have seen an increase of interest from tenants.The three building are currently 63% occupied.
Nielsen Co. owns all of the buildings encompassing 157,000 s/f.
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