Colonial Realty and Vidal/Wettenstein cobroke 45,000 s/f $3.8 million sale
6 Waterview Dr. has been sold to Alpha-Core, Inc. The building is 45,000 s/f on five acres and sold for $3.8 million. It was once home to Doran Manufacturing which originally relocated from Norwalk in 1998.
Alpha-Core, based in Bridgeport, is an industry leader developing novel products and processes for the electrical industry. Alpha-Core has cultivated close relationships with a wide variety of customers from individuals and small winding job-shops to multi national manufacturing companies, national laboratories, schools and universities. Its newest development is Poulsen Hybrid, a system for retrofitting a conventional car as a plug-in hybrid vehicle.
Bruce Wettenstein, SIOR and partner with Vidal/Wettenstein was the listing broker and Joel Hausman, vice president of Colonial Realty represented the purchaser. Counsel for the seller was Ed Berlin of White Plains and for the buyer, Paul Sobel of Green & Gross
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