Hawkins and LeClair of CB Richard Ellis/New England represents National Development in 21,672 s/f lease
CB Richard Ellis/New England has completed two leases totaling 21,672 s/fat 59 Lowes Way. 59 Lowes Way is a 102,653 s/f office building that comprises Connector Park along with 41 Wellman St. AFL Noyes, an industry leader in providing fiber optic products, engineering expertise and integrated services to the telecommunications industry, will occupy 14,625 s/f. Cass Information Systems, a leading provider of transportation, utility and telecom expense management and related business intelligence services, will occupy 7,047 s/f.
"As exclusive leasing agent for Connector Park we have the fantastic opportunity to work with a top-tier landlord at a prime location," said CBRE's Kerry Olson Hawkins. "In the Rte. 3 North submarket, Connector Park offers unparalleled amenities including fast access to major thoroughfares such as Route 3, Interstate 495 and the Lowell Connector, making it a very desirable and strategic location."
The CBRE team of Hawkins, vice president, and Robert LeClair, associate, represented landlord National Development in both transactions. Chris Robinson of Fischer & Company and Brian Tisbert of Colliers International represented AFL Noyes. Carey Realty Partners' Ted Hobson represented Cass Information Systems.
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