Dunne, Bardsley and Carino of CBRE Group negotiate $12.4 million sale
Jeffrey Dunne, Steven Bardsley and Patrick Carino of CBRE's Institutional Properties team has negotiated the $12.4 million sale of 100 Mill Plain Rd. for Lemle Danbury LLC. The team was also responsible for procuring the buyer, New York based EVO Real Estate Group, LLC.
100 Mill Plain Road is a 92% leased, 91,553 s/f class A office building located less than half a mile from Exit 2 off I-84.
Dunne said, "100 Mill Plain Road's diverse tenant roster along with its proximity to transportation and amenities and its location within the historically tight Northern Fairfield office submarket should provide stable occupancy for EVO Real Estate Group going forward."
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