Condyne Real Estate Development has acquired the Littleton Distribution Center for $22 million. This newly constructed tilt up concrete building, located on 120 acres along Rte. 2A, is subdividable and pre-permitted for additional build-out.
The completed project will consist of two buildings totaling 840,000 s/f. Phase 1 of the first building is complete with 120,000 s/f leased to Plastipak. Phase II, a 240,000 s/f expansion, is ready and set to break ground. Phase III of the project is a 360,000 s/f building expected to be delivered within nine months of ground breaking.
Advantage Construction is the general contractor for the project.
"Littleton affords Condyne the opportunity to acquire a rare, modern industrial warehouse facility with excellent truck access and great clear height but more importantly one of only a handful of developments in Mass. that can house a large big box warehouse requirement under one roof," said Jeff O'Neill, president of Condyne.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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