Griffin Land leases 24,000 s/f at 75 International Drive in Windsor
According to Griffin Land, J.B. Hunt Transport, Inc. has signed a lease for 24,000 s/f at 75 International Dr. Construction of tenant improvements are complete, and the tenant has taken occupancy. Chris Metcalfe and Jeffrey Sperry of CB Richard Ellis' Hartford and Albany offices represented J.B. Hunt and Griffin Land represented itself in the lease transaction.
75 International Dr. is a 117,000 s/f first-class industrial building. Its steel frame and masonry construction, 26 foot clear height, building systems, and truck and employee parking make it an attractive building to modern industrial users. Of particular interest to transportation logistics services companies is its excellent highway access to I-91 via State Rte. 20 and The Bradley Connector, and with only a short drive to connect with I-90 & I-84.
"We are pleased to add another internationally recognized logistics company to New England Tradeport," said Tim Lescalleet, senior vice president of Griffin Land. "This industry sector recognizes the strategic advantages that our business park offers." The park is also home to other logistics operators including, FedEx, UPS, Matheson Flight Extenders, and A. N. Derringer.
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