Gatti of Greater Boston Commercial Properties, Inc. completes 12,550 s/f in leases
Greater Boston Commercial Properties, Inc. (GBCP) recently completed two lease transactions totaling 12,550 s/f of industrial space at the Kane Industrial Park. Both leases consisted of freestanding buildings with the feature of offering both tailboard loading and an overhead drive in door. Benjamin Gatti of GBCP was the sole broker of record in both transactions representing the landlord and procuring the tenants.
The first transaction at 14 Kane Industrial Dr. consisted of a 5,800 s/f building leased to Play It Now, an online computer game apparel and toy distributer.
The second transaction at 12 Kane Industrial Park Dr. consisted of a 6,750 s/f building leased to Dogs' Learning Center, LLC, a dog trainer's cooperative providing canine owners with training and education.
GBCP has one freestanding building in the park available for lease at 11 Kane, which is 8,800 s/f, divisible to 4,400 s/f offering tailboard loading, heavy power and a first class image.
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