CBRE|The Boulos Co. completes five transactions totaling 33,340 s/f
According to CBRE | The Boulos Co., a full-service commercial real estate brokerage leader, the company recently completed the following transactions:
* The Alliance for Climate Protection has leased a 2,124 s/f office floor at 74 Elm St. at the Bayside Complex. This transaction was brokered on behalf of the landlord and tenant by Justin Lamontagne, CBRE |The Boulos Co.
* Environmental Systems Research Institute, Inc (ESRI, Inc.) has leased 1,166 s/f of office space at 100 Commercial St. from Soley Wharf, LLC. This deal was brokered on behalf on the landlord by Peter Harrington, Malone Commercial Brokers and on behalf of the tenant by Nate Stevens, CBRE |The Boulos Co. and Dan Polanchyckm, UGL- Equis.
* Kepware Technologies, Inc. expanded their offices at 400 Congress St. to 19,794 s/f. This deal was brokered on behalf on the landlord by Tony McDonald, CCIM/SIOR, partner and on behalf on the tenant by Drew Sigfridson, SIOR, both of CBRE |The Boulos Co.
* 125 Pleasant Hill, LLC has purchased 9,432 s/f of warehouse space at 125 Pleasant Hill Rd. in Scarborough, from the Cimino Real Estate Trust. This deal was brokered on behalf on the seller by Dan Greenstein of CBRE | The Boulos Co. and on behalf of the buyer by Amy Mulkerin, Mulkerin Associates.
* Sea Bags, Inc. has leased 824 s/f of retail space at 6 Bow Street in Freeport. Sea Bags sews custom tote bags out of recycled sails. Each bag has rope handles that are hand-spliced and they come in a variety of designs and colors. Andy Nelson, CBRE | The Boulos Company and Lee Nelson, Fishman Realty brokered this 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