Flayhan and Keefe of HK Group sell 36,207 s/f office building for $7 million
David Flayhan and Matthew Keefe of HK Group have sold 1221 Post Rd. East for $7 million. The seller was GHP Office Realty and the purchaser was a local buyer. 1221 Post Rd. East is a 36,207 s/f office building with occupancy at the time of sale at 96%.
The building is undergoing a new look on the exterior as well as having a completely renovated interior lobby and common area.
In another transaction Flayhan, David Lindland and Greg Romano of HK Group sold 1937 West Main St., Stamford. The seller was Cytec Industries and the purchaser is a Stamford based investor group, with HK Group representing both seller and purchaser. 1937 West Main St. consists of a 227,000 s/f building on 8.8 acres, and additional plans for the site are currently under review.
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