Elcock, Lynch, and O'Brien of Colliers International executes 2,638 s/f lease
American Bioanalytical, Inc. recently executed a new 2,638 s/f lease at 11 Huron Dr. located in the East Natick Industrial Park. The lease represents an expansion of office space for the firm, which is headquartered across the street in 10,000 s/f at 15 Erie Dr.
Jim Elcock, Bill Lynch, and Tim O'Brien of Colliers International represented both American Bioanalytical and the landlord, Legacy Real Estate Ventures, in the transaction, which leased half of the vacancy at the site. Additional details of the lease transaction were not disclosed.
Built in 1986, 11 Huron Dr. is a two-story, 30,000 s/f office/R&D building featuring abundant natural light, professionally landscaped grounds and an outdoor patio. The property is located close to Rte. 9, Rte. 30 and I-90. Recently purchased by Legacy Real Estate Ventures, 11 Huron Dr. has undergone substantial renovations including resurfacing the exterior skin of the building, installation of a new roof, a new cooling tower and extensive cosmetic improvements such as signage and furnishings.
There is approximately 2,300 s/f remaining on the second floor to lease, featuring an expansive window line and a high level of finishes.
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