News: Spotlights

Development Associates completes 14,500 s/f expansion project for Qteros at Westover Business Center

Development Associates completed Qteros' new home at the Westover Business Center at 150 Padgette St. Qteros is an industry leader in innovative biofuels and microbiology technology based in Marlborough. The 14,500 s/f expansion location will increase the research and testing of its platform for creating enthanol from micro-organisims. The Qteros project is part of the 72,000 s/f industrial facility at the Westover Business Park and is located across from the Westover Metropolitan Airport. National Seating & Mobility, Inc. has signed a lease to relocate its operations to the new Westover Business Center. As of July 29, National Seating & Mobility will occupy 8,000 s/f of space. The unit is custom designed and currently under construction by Development Associates of MA on behalf of the owner. National Seating & Mobility, Inc. is a nationwide firm which provides customized wheelchairs and adaptive seating systems for individuals who have been diagnosed as having a permanent or long term loss of mobility due to trauma, physical abnormality, structural defect or disease. Kevin Jennings of Jennings Real Estate represented the tenant and Development Associates represented the owner in this transaction. AT&T has joined Westover Business Center. AT&T will operate an emergency service center for the western Mass. region out of the new 4,000 s/f location. Seahorse Bioscience, a leading analytical instruments, biomanufacturing systems and consumable labware products firm, is currently expanding is operations at its 300 Griffith Rd., Chicopee location. The 5,664 s/f expansion will benefit its engineering, laborabory and assembly areas with an expected completion time frame of August 1. This brings Seahorse Bioscience's operaton to a total of 30,000 s/f in the 42,270 s/f facility. The buildout is being conducted by Development Associates which also represents the owner as managing agent. AspenCross Financial Group has formally taken possession of its new unit as Agawam Crossing, 200 Silver St., Agawam. Development Associates of Agawam completed the 2,650 s/f custom buildout on behalf of the landlord. AspenCross Financial Group is a member of the John Hancock Financial Network providing financial services to the general public with 13 locations throughout New England. The Agawam Crossing location is its first in western Mass. The tenant was represented by Liam Reynolds of Samuel D. Plotkin & Associates and Development Associates represented the owner.
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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