Halloran of Lincoln Prop. handles 73,710 s/f lease
Lincoln Property Co. recently renewed a 73,710 s/f lease to Rand Whitney Packaging at 10 Otis St. Ned Halloran, assistant vice president at Lincoln Property, represented the owner. Jim Umphrey and Don Mancini of Kelleher & Sadowsky Associates represented the tenant in the transaction.
Located on a 9.6-acre site, 10 Otis St. is a one-story, 73,710 s/f industrial/warehouse building. Lincoln Property serves as the exclusive leasing and managing agent for the property, which was built in 1972.
"Strategically located in Metrowest market, 10 Otis St. is a great industrial/warehouse building," said Halloran. "We're very excited to renew the lease with Rand Whitney Packaging, which occupies the entire building."
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