Cushman & Wakefield completes 6,000 s/f office lease at 112 Turnpike Road, Westborough, MA
Cushman & Wakefield completed a 6,000 s/f office lease at 112 Turnpike Rd. Cushman & Wakefield's Stephen Woelfel and J.R. McDonald represented the tenant, RedTail Solutions, Inc., which is relocating from 69 Milk St. The landlord, Cornerstone Real Estate Advisors, was represented by Richard Barry Joyce & Partners.
"We are delighted to assist RedTail Solutions, a leading technology provider, in the selection of its new space for its main office less than a few miles from its existing facility in Westborough," said Woelfel. "Its decision to remain in the immediate vicinity speaks volumes about the quality and location of 112 Turnpike Rd."
112 Turnpike Rd. is an 85,000 s/f class A office building located in Westboro Executive Park with frontage along Rte. 9 near I-495 and the Massachusetts Tpke.
RedTail Solutions delivers Managed Cloud Services for Electronic Data Interchange (EDI) and Global Data Synchronization (GDS) enabling customers to optimize trade compliance performance. RedTail's managed services seamlessly integrate with ERP systems to accelerate the order-to -cash cycle, reduce errors and chargebacks, and ensure product data synchronization.
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