Goodfellow Real Estate sells 91 Park Lane for $625,000
According to Todd Payne, SIOR president of Goodfellow Real Estate, 91 Park Lane was sold for $625,000 by Joyce Anglace to John Lee, of Lee Capital Advisors, LLC. Garett Palmer and Payne of Goodfellow were on both the procuring and selling side of the sale.
On the site, formerly home to Valley Dodge , Lee plans to redevelop a green facility that would include, among other features, an LEED Gold/Platinum rated design, 50-80% savings on HVAC & electric usage over conventional retail construction and PV solar/solar thermal space heating.
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