According to Todd Payne, SIOR president of Goodfellow Real Estate, the firm has taken over the agency/leasing assignment for the Ridgebury Corporate Center at 44 Old Ridgebury Rd. Payne and Kyle Ely of Goodfellow Real Estate will be the leasing agents for the ownership, Allegiance Realty Corporation.
The three-story, 130,000 s/f office complex was designed as a multi-tenanted building and currently has Armored Auto Group, RMI Direct Marketing, Reby Advisors, Crown Relocation in addition to other tenants.
"We are looking forward to working with the ownership to successfully lease the Ridgebury Corporate Center. It has been one of the premier class A office buildings in the market for the last decade and with the new owners approach to management, leasing and tenant retention we are confident that Ridgebury Corporate Center will be the first choice for the corporate office tenant." said Payne.
The corporate campus-style site which is being managed in-house by Allegiance, features a fitness center, on-site management, conference center, food service, as well as manicured grounds and outdoor seating overlooking a pond and fountain. In addition to Ridgebury Corporate Center, Allegiance owns and manages several other medical and office properties in Connecticut.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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