News: Northern New England

Deshler of CRE Mgmt. leases 1,500 s/f

CRE Management has leased 1,500 s/f to Weight Watchers of Maine at the Auburn Plaza at 730 Center St. Will Deshler, managing partner, CRE Mgmt., represented the tenant and the landlord, GFI Partners. Other tenants at Auburn Plaza, include Bed Bath & Beyond, T.J. Maxx, and Flagship Cinemas, Family Dollar, Big Lots!, Craft Mania, Jo-Ann Fabrics, China Wok, Dollar Tree, Legala Nails, Sally Beauty, Elder Independence of Maine, Family Dentistry, Uniforms Express, Bedderest, U.S. Army Recruiting, H&R Block and US Cellular. "We are happy to have Weight Watchers join an already dynamic group of tenants at the Auburn Plaza," Deshler said. "The improved location, coupled with the retail traffic the plaza already receives, will make an excellent fit for Weight Watchers." GFI Partners is a full-service real estate development company based in Boston. Since 1997, GFI has completed more than 50 real estate transactions with more than $500 million in cumulative value. GFI's portfolio spans the U.S. and is focused on opportunistic, value-added development projects. GFI has successful executed projects across the risk spectrum, including: corporate sale-lease back; speculative industrial construction; build to suits; and commercial and retail repositioning. GFI managed more than 1.2 million s/f of industrial, office and retail space.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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