Ellis of Conway Commercial brokers $899,000 building sale
Dave Ellis of Conway Commercial recently sold a multi-tenant office building at 23 Aldrin Rd., for $899,000. Located in the Plymouth Industrial Park, the 11,000 s/f building will serve as the corporate headquarters and training facility for the Mamma Mia's Restaurant Company.
Ellis represented the seller - 23 Aldrin Park LLC - and procured the buyer, P&JV Management Corporation.
"Dave was wonderful to work with," said Brenda Kelly, CFO for P&JV. "This was without a doubt the easiest real estate transaction and closing I have ever experienced. I was so pleased with Dave's professionalism and the accommodating way that he handled the deal that we are continuing to work together in search of additional property."
Established in 1956, Norwell-based Conway Commercial is a division of Jack Conway, Realtor, one of the largest independent real estate companies in New England.
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