Gitlin and Scanio of Cambridge Capital Advisors sell 6,000 s/f retail strip center for $975,000: anchored by Subway and Neo Pizza
Bryan Gitlin, managing partner, and Michael Scanio, partner of Cambridge Capital Advisors, LLC represented the seller, J. J. Cardi Realty Management, in the sale of 2244 Plainfield Pike, known as Plainfield Pike Plaza. The property, is a single story, 6,000 s/f, retail site is anchored by Subway and Neo Pizza.
The strip center was sold for $975,000 and acquired by R.B. DiScuillo, Jr. who was unreprecented in the transaction.
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