DTZ FHO Partners brokers two sales for Rugby Realty totaling 178,397 s/f - $10.2m
According to DTZ FHO Partners, Rugby Realty Co., Inc., a New Rochelle, N.Y. real estate firm, has acquired two buildings in the Canton Commerce Center which total 178,397 s/f.
85 Dan Rd. is a single-story, 78,708 s/f office building that sold for $5.1 million and will be leased to Organogenesis for its executive offices. The seller was iStar Financial.
275 Dan Rd. is a single-story, 99,689 s/f flex/R&D and office building sold for $5.1 million and is partially tenanted. The seller was CW Capital of Newton, Mass.
Sean Teague and Joseph Fallon, partners, and William Foley, vice president, all of DTZ FHO Partners, represented both Rugby Realty and Organogenesis.
Cathy Minnerly and Jason Bryer of Cushman & Wakefield represented iStar Financial in the sale of 85 Dan Rd.
Rich Herlihy and Mike Frisoli of Richards Barry Joyce & Partners represented CW Capital in the sale of 275 Dan Rd.
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