Midwest Medical Supply Co. signed a lease with Gould Warehouses, Inc. taking 10,000 s/f of warehouse space at 12 Eastern Park Rd. The facility will augment the main warehouse in Pestige Park. Richard Abo of Colliers Dow & Condon represented the landlord and Steve Foote of O,R&L represented the tenant.
Ray Thomas of Colliers Dow & Condon represented VNA in the renewal of their lease at 111 Founders Plaza. VNA currently occupies 14,150 s/f of office space. Tom York of CB Richard Ellis represented the landlord, Merchant 99-111 Founders, LLC.
In another transaction, Disability Management Associates signed a long term lease for the entire 3rd floor of 700 Stanley Dr., New Britain, taking 43,000 s/f of office space through a staggered expansion schedule. The building is also home to Stanley Works headquarters. James Stanulis, SIOR of Colliers Dow & Condon represented the landlord.
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