News: Front Section

Cyrier, Maker, Giller and Hughes of MANSARD handle 310,000 s/f in deals

The MANSARD team has completed over 310,000 s/f of heathcare/medical device deals across the state in recent months. The team closed on the 106,000 s/f acquisition of 300 Griffen Brook Park Dr. on behalf of its client Globus Medical. Peeled off from the REEF/Deutsche Bank portfolio before hitting the market, the asset fit perfectly into Globus Medical's growing robotics and imaging division expansion. Jeremy Cyrier, CCIM and David Maker of MANSARD represented the buyer in the transaction. Sovereign Health signed a 68,500 s/f lease, taking the entirety of 14 Chestnut Place in Ludlow, Mass., once the home to HealthSouth. Originally an acute care hospital, the property was purchased from the FDIC by Mid-Amercia properties and repositioned as a rehab facility for HealthSouth, who vacated in December, 2014. MANSARD conducted a national search for a replacement tenant, landing Sovereign Health, an operator of 23 residential rehablitiation centers nationwide. Cyrier, Maker, David Giller, and John Hughes, CCIM of MANSARD represented the landlord and located the tenant in the transaction. Giller represented Acadia Healthcare in their recent expansion into Massachusetts, where he sourced a 24 acre parcel for their ground up construction of a 130,000 s/f hospital serving the Dartmouth/New Bedford markets. Also, Hughes completed two leases on behalf of NxStage in Wakefield and Norwood, assisting in their entry into the direct to patient dialysis delivery systems. MANSARD's Team helps a select group of individuals, families, businesses and institutions acquire, lease, manage and sell commercial real estate, which includes retail, office, industrial, and multifamily properties. MANSARD uses a proprietary approach called The MANSARD Method to position every real estate opportunity in a unique, special and different way. MANSARD is headquartered in Reading, Mass.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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