Cordage Commerce Center signs leases and renewals for over 50,000 s/f
Cordage Commerce Center, formally Cordage Park, has signed new leases and renewals for over 50,000 s/f of space. The newly renovated complex has low vacancies even through the depths of the recession. Located on Rte. 3A, the waterfront complex houses two restored 19th century mill buildings, once part of the thriving Plymouth Cordage Company.
The diverse tenant mix includes Jordan Hospital, UMASS Boston, The United Way, Health South, The Plymouth County Treasurer's Office, Fresenius Dialysis and Senator Therese Murray.
The Medical Offices at Cordage is the fastest growing component of the center, as the medical community is rushing to be in place as the demand in the area soars. Cordage now houses 57 doctors with over 184,000 patient visits per year.
The sandblasted brick, 18' ceilings, exposed wood columns and beams and arched windows provide for very desirable loft office space.
This turnkey space is available on a build-to-suit basis per tenant specifications. They can accommodate users from 1,200 s/f to 23,000 s/f.
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