Tunstall, one of the world's leading tele-care and tele-health solutions providers, has inked a ten-year lease at 100 Freight St. With operations in more than 30 countries and employing more than 1,900 people worldwide, the 85,000 s/f facility, with some minor modifications, made perfect sense from an infrastructure, location, and a growth perspective.
As a former call center to PNC Bank/Bank of New York, the facility has redundant power, backup generator, three types of tele-data and multiple internal and external cameras which amount to significant savings for Tunstall. Other building and site features include a high parking ratio, a well constructed and maintained facility which virtually provided Tunstall with minor modifications and a move-in condition facility.
Opening in the spring, Tunstall will create over 300 new jobs by the end of 2014, engage local businesses and provide paid job training for 100% of candidates pre-selected for data call center positions. The State of Rhode Island is playing a crucial role in offering job development and training programs, which was the "tipping point" in deciding on Rhode Island versus alternative states.
Hayes & Sherry, a Cushman & Wakefield alliance member brokered the lease with Peter Hayes representing Tunstall and Jeff Finan representing the landlord, Kenwood Realty, LLC.
Photograph by Aaron Usher
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