News: Front Section

Gatti of Greater Boston Commercial Properties, Inc. completes five new leases totaling 29,550 s/f in Hudson

Despite a stagnant Metro West industrial market, Greater Boston Commercial Properties, Inc. (GBCP) recently completed five lease transactions totaling 29,550 s/f of industrial space at the Kane Industrial Park. Four of these leases consisted of freestanding buildings, three of which offered the unique feature of offering both tailboard loading and an overhead drive in door. Benjamin Gatti represented the landlord in all five transactions and procured the tenant directly in four of the five. 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 at 12 Kane Industrial Park, a 6,750 s/f freestanding building, was leased to Dogs' Learning Center, LLC, which is a dog trainer's cooperative providing canine owner with training and education. GBCP also leased a brand new freestanding 8,800 s/f building at 11 Kane Industrial Dr. The tenant, City Electric, a national distributor, will benefit from a customized build out, tailboard loading, heavy power and a first class image. Gatti subsequently leased 2,200 s/f at 5 Kane Industrial Dr. to Veracity Construction Group, a fiber optics service provider in need of a small drive-in bay with offices. The most recent transaction in June is at 1 Kane Industrial Dr., a free standing 6,000 s/f industrial building, where an audio-visual company from Marlborough, D2 Productions, will relocate its operations. The building is ideal for D2 in "as is" condition with built out office space, high bay warehouse, exclusive tailboard loading and drive-in, and signage and visibility on Main St.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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