Hughes of New Dover represents Maric Strathmore, LLC for 15,504 s/f; leased by Parcell Spine, LLC - Kinlin of CBRE represents tenant
Parcell Spine, LLC has recently leased the entire building at 21 Strathmore Rd. comprised of 15,504 s/f of office, R&D and laboratory space. Scott Hughes, president of New Dover Associates, Inc. and David Gillies, director of asset management for Maric, Inc. represented the property owner, Maric Strathmore, LLC, in the lease transaction. Parcell Spine was represented by Robert Kinlin, vice president of CB Richard Ellis/New England. Parcell Spine is an affiliated entity of Parcell Laboratories, is a leading regenerative cell company.
21 Strathmore Rd., a single story steel frame and masonry building, is fully air-conditioned with a tailboard loading dock and is located in the Natick Business Park 200 yards away from Rte. 9 and close to the regional retail centers of The Natick Mall and Shoppers World .
MARIC, Inc., a fourth-generation, family-owned firm that has been involved in New England real estate for more than 30 years. MARIC has developed more than two million square feet of office, industrial, retail and medical space. The principals of the firm have participated in more than $1 billion in real estate transactions for their own account and on behalf of clients.
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