Fischer of Fischer Real Estate sells 150,000 s/f industrial building
An investment group from Ohio has purchased a 2-story, 150,000 s/f industrial building on over 2 acres at 150 Roosevelt Dr. The buyer plans to demolish a portion of the building, completely renovate the rest and then re-introduce the property to the market on a for lease or for sale basis. The seller was Derby Cellular Products, LLC. Alan Fischer, CCIM, SIOR, of Fischer Real Estate Inc. represented both the seller and the buyer.
Valley Council of Governments (VCOG) played in integral role in this sale by providing funding for the environmental testing. Said Fischer, "VCOG's Rick Dunne and his team made it possible to get the necessary environmental testing done. With those reports in hand, the buyer was willing to assume complete responsibility for the environmental cleanup of the site, which was a key element to closing this all-cash transaction."
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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