Edgar and Bergman of Kinlin Grover Commercial Group broker 3,600 s/f lease
Kinlin Grover Commercial Group recently completed the lease of 3,600 s/f of flex space at 9 Aldrin Rd., in the Plymouth Industrial Park. The tenant Fred Astaire Dance Studio signed a 10 year lease and is having a complete custom buildout with a large ballroom and smaller lesson room and other facilities completed in the space. The dance studio is part of a 41,500 s/f building that is now 87% leased with multiple tenants. There are two remaining spaces available in the building.
Kinlin Grover brokered the transaction between the owner's of property and the Franchisee for Fred Astaire. The dance studio has been in business for more than 5 years and moved to grow and have a more centralized location.
Ben Edgar of Kinlin Grover represented the owner, and Jeff Bergman of Kinlin Grover represented the tenant.
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