Delaney, Kerrigan and Norton of Grubb & Ellis rep. 16,702 s/f purchase
Grubb & Ellis Co. represented Cambridge-based Ambit Press/Minuteman Press in the purchase of 16,702 s/f of warehouse space at 131 N. Beacon St. from David Neilsen. The property is to be Ambit Press' new production facility. The company will continue operations in Kendall Sq.
Grubb & Ellis' Paul Delaney, senior associate, Jack Kerrigan, senior vice president, and Mark Norton, associate, facilitated the transaction.
"The Grubb & Ellis team listened carefully to our needs, showed us all relevant properties in the market, and took the time to educate us about the commercial real estate market and buying process," said Dean Lyettefi, operations manager at Ambit Press/Minuteman Press.Â
Delaney said, "The building is the ideal size for Ambit, is well located and fully air-conditioned; all qualities that are hard to find. The property is also well-serviced by MBTA public transportation, which is a big plus for employees."
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