Hubbard of Denenberg Realty Advisors completes $8.5m sale of 53,371 s/f prop.
David Hubbard of Denenberg Realty Advisors has completed the sale of Wintergreen Office Park, located at 446A Blake St. The property is a 53,371 s/f, three-story office building. The building is located on a 1.88 acre site. Blake Realty LLC sold the property to J.S. Karlton Company Inc. for $8.5 million.
Neil Denenberg, president, Denenberg Realty Advisors said, "Hubbard did a terrific job shepherding this property from its inception to the sale. Denenberg Realty Advisors represented the buyer as well as the seller in this transaction. We think the sale of this property shows that the economy is continuing to move forward especially if the properties are well located and listed at a competitive price. Denenberg Realty Advisors is very active in representing both its buyers and sellers in the purchasing of office and retail properties in New England."
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