News: Rhode Island
Posted: April 10, 2012
Giuttari and Steingold of MG Commercial Real Estate sell 14,080 s/f for $1.385 million: Ross of Hart represents Airgas in lease of 522 Jefferson Boulevard
Michael Giuttari, SIOR and Larry Steingold from MG Commercial Real Estate structured the sale of the former LJ Crane facility at 522 Jefferson Blvd. through a receivership and sold the property to 522 Jefferson, LLC for $1.385 million. The 3 acre site includes a 14,080 s/f facility with office space, a retail showroom, sales area and warehousing space.
Subsequently, Giuttari placed a long term lease on the site for 522 Jefferson, LLC, with Airgas, Inc. for the entire property. Airgas was represented by Art Ross, SIOR from Hart Corp..
Airgas will be moving from 231 Jefferson Blvd. and tripling its size, both in building area and land area.
MORE FROM Rhode Island
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
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