Galvani of Parsons Commercial completes $2.3 million sale
Parsons Commercial Group, Inc. (PCG) completed the sale of 109 Powdermill Rd. for $2.3 million. Victor Galvani, vice president at PCG represented the seller, Great Point Investors, in the sale of the 114,467 s/f single story office/R&D facility.
The building was originally owned by Digital Equipment Corp. before it was sold in the late 1990s along with several other of their properties.
109 Powdermill Road sits on 10 acres and is currently zoned industrial, which includes R&D, manufacturing, warehouse and professional uses.
The buyer, KaileyBoo LLC was also represented by Galvani.
PCG is a commercial real estate firm servicing the Suburban Boston markets. The company is a leading provider of commercial real estate services including, tenant and landlord representation, investment sales, property and asset management, development and construction management, advisory and distressed asset advisory services.
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