1-800-PACK-RAT, LLC has executed a new 32,000 s/f lease for its first New England location at 10 Panas Rd.
Working with the tenant's broker, associate director Connor Faught of GVA Advantis, Colliers Meredith & Grew executive VP James Elcock and associates William Lynch and David Goodhue represented 1-800-PACK-RAT. Commercial broker Taber Keally of Donahue Associates represented the landlord, Hercules Realty Trust.
Built in 2002, 10 Panas Rd. is a single-story, 71,500 s/f warehouse.
"Due to its location and outdoor storage capabilities, this high bay warehouse provided a great solution for 1-800-PACK-RAT," said Elcock.
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