News: Front Section

Griffith Properties acquires Lexington Crossing; Marketed by CBRE/New England

Griffith Properties, in conjunction with a national real estate investment fund, has acquired Lexington Crossing, a five-building office park. The park is comprised of 70 Westview St., 20 Maguire Rd., 81, 83 and 131 Hartwell Ave. Terms of the transaction were not disclosed. Griffith Properties plans to implement a significant capital improvement plan that will transform the five properties formerly known as "Kiln Brook Office Park" and reposition the asset as Lexington Crossing. The firm has selected CBRE/New England as exclusive leasing agent. Andy Majewski, Jason Levendusky, Rob Kinlin, Matt Siciliano and Alex Plaisted will spearhead CBRE/NE's efforts. "Lexington Crossing is perfectly aligned with Griffith Properties' investment strategy, which is focused on unlocking the value of assets that are under leased, in need of renovation or simply need to be repositioned," said Majewski. "We look forward to working with the Griffith ownership team on helping to further enhance and add value to Lexington Crossing."
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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<br> the First Annual Project of the Year Award! Vote today!

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

Investing in a falling rate environment - by Harrison Klein

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