News: Front Section
Posted: March 13, 2014
Giuttari and Paskalis of MG Commercial complete 112,000 s/f lease
Mike Giuttari, SIOR and George Paskalis, SIOR of MG Commercial completed the leasing of 112,000 s/f at 100 Higginson Ave., to VPI Packaging Services. VPI leased a portion of the 475,000 s/f building in an expansion to their existing locations.
100 Higginson Ave. is a single story, manufacturing and distribution facility located on 30 acres. It offers multiple loading and grade level access points around the facility. The property has been leased to one tenant for the last 13 years and is now in transition to a multi-tenant facility. VPI is the first new tenant coming in with 4-5 additional tenants in queue. The landlord, Abrava Way from Miami, FL, is in the process retrofitting the property for its next generation of use as a multi-tenant building.
VPI provides services including warehousing, distribution, light assembly and packaging for regional, national and international companies.
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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
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
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 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