Halprin of New England Retail Props. leases 45,000 s/f to LA Fitness
Matt Halprin of New England Retail Properties, Inc. in Wethersfield exclusively represented the landlord in the lease of LA Fitness, a 45,000 s/f fitness center at The Shoppes at Larson Farms, which is located at 1379 Farmington Ave. The Shoppes at Larson Farms, owned by W/L Properties, LLC, is a 60,000 s/f development on 8.65 acres located off I-84 and Rte. 6. The tenant was exclusively represented by Sullivan Hayes Companies Northeast of Farmington.
LA Fitness International, LLC builds stores that feature a full line of exercise equipment, swimming pool and racquetball courts. They currently operate 265 stores in the U.S. and 4 stores in Canada. This is the sixth store for LA Fitness in Connecticut.
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