HK Group completes three leases totaling 5,136 s/f valued at $1.5m
Franco Fellah, executive vice president at HK Group, has completed three downtown Westport retail leases totaling 5,136 s/f and an aggregate rental value in excess of $1.5 million.
At 14 Post Rd. West, next to the Inn at National Hall, Morelock Antiques signed a 7-year lease for 1,250 s/f of first floor space in the free standing building. Morelock Antiques moved its store from Old Lyme where it has been in business for over 20 years; it also has a Manhattan location. Fellah was the only broker involved in the transaction. The owner of the property is Antares, NH, LLC in Stamford.
At 135 Post Rd. East DSenses, LLC assigned its 1,886 s/f lease to Victoria Farrell of the Perfect Piece, who moved her business to Westport from Newburyport, Mass. Perfect Piece sells lines of high-end furnishings and outdoor household items. Fellah represented DSenses, LLC, the previous tenant, and Comu Westport, LLC, owner of the property, in this transaction.
At 141 Post Rd. East, And Company, Inc. signed a 7-year lease for 2,000 s/f of retail space. And Company has two established stores on Washington St. in South Norwalk, one of which sells fine linens, table top items and home furniture; the other one sells clothing. Fellah represented Comu Westport, LLC, owner of the property, in this transaction.
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