Grill of Fairlane Properties, Inc. reps Fairlane Wildwood in 72,299 s/f lease to Verizon New England
Fairlane Properties, Inc. completed the long-term lease extension to Verizon New England of 72,299 s/f at 275 Wildwood Ave.
Verizon's facility includes indoor and outdoor parking for its truck fleet which services the immediate area. The property also contains mechanic bays for trucks, offices, meeting rooms and storage space. Verizon first occupied the facility in 2005.
An affiliate of Fairlane Properties purchased the 174,072 s/f facility in July 2011 for $16.1 million.
Anixter, a global distributor of communication and security products, occupies the remainder of the building.
Amy Perlman of CB Richard Ellis represented Verizon. Michael Grill of Fairlane Properties represented the landlord, Fairlane Wildwood, LLC.
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