News: Connecticut
Posted: June 30, 2010
Drinkwater and Richard of Marcus & Millichap broker $2.81m sale
Laurie Ann (LA) Drinkwater, CCIM and Seth Richard of Marcus & Millichap Real Estate Investment Services represented Herb Chambers of Waterford, LLC in the sale of 33 acres to Coca-Cola Bottling Company of Northern New England, represented locally by Sean Duffy of Cushman & Wakefield of Connecticut, Inc. who coordinated the efforts with Cushman & Wakefield of New Hampshire.
The property, located at 150 Waterford Pkwy. South sold for $2.81 million or $85,417 per acre and is zoned IP-1.
Coca-Cola of Northern New England has approvals in hand to construct an 80,000 s/f distribution facility. Plans are to construct 7,250 s/f of office space with warehouse space in the remaining portion. The property is well positioned along the I-95 corridor providing excellent access and exposure.
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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
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
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 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