Cregan and Crecelius of Paramount complete two sales totaling $440,000
Daniel Cregan and Cris Crecelius of Paramount Properties Group, Inc. have sold the 50,000 s/f industrial building at 125 Esten St.
Cregan and Crecelius represented the seller, Architectural Store Fixtures and procured the buyer, Kitchen and Countertop Center of New England in the $300,000 sale. 125 Esten St. is a two level building located on 2.66 acres overlooking Rte. 95.
Cregan and Crecelius also sold 5.1 acres of industrial zoned land at "0" Commercial Way in East Providence, for $140,000. The property is located just off Waterman Ave.
Cregan represented the property owner, Benjamin Viti, and Crecelius represented the buyer, 11 Commercial Way, LLC.
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