Godin Jr. and Matthews of Matthews Commercial Properties brokers 140,000 s/f
Ed Godin Jr. SIOR and Gerry Matthews of Matthews Commercial Properties, have represented both parties, NEJ Inc. and Cornerstone Realty, in the leasing of 140,000 s/f of warehouse and office space at 400 Captain Neville Dr.
The 200,000 s/f facility is located off of I-84 at exit 25A near the Cheshire border and was recently acquired by Cornerstone. Matthews Commercial continues to market the remaining 22,000 s/f of flex or office space for the owners.
The new tenant, NEJ Inc., is expanding from their current locations in Beacon Falls, CT and will be utilizing the facility for their processing and warehouse operation. NEJ Inc. is a national leader in providing excess inventory solutions to specialty retailers and famous brands.
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