News: Front Section

J.C. Cannistraro, LLC to move manufacturing and warehousing operations to Boston’s Seaport

Rendering of 25 Fid Kennedy Avenue - Boston, MA

Boston, MA J.C. Cannistraro, LLC plans to relocation and consolidation of its manufacturing and warehousing operations from Wilmington, Watertown and Stoughton to the city’s Seaport District. Cannistraro has completed the execution of a 50 year ground lease with the city of Boston’s Economic Development and Industrial Corp. for Parcel N, 25 Fid Kennedy Ave., a 3.5 acre site with a two-story, 157,000 s/f building in the Raymond L. Flynn Marine Park. Cannistraro will substantially rehabilitate the property for use as a prefabrication and assembly plant for plumbing, fire protection, HVAC piping and sheet metal systems for installation at construction sites throughout the region.

Historically known as “Building 16,” 25 Fid Kennedy Ave. was built in 1940 by the U.S. Navy as a multi-trade heavy machine shop. The open, steel frame structure and forty-ton overhead crane capacity facilitated large-scale metal fabrication and assembly supporting the U.S. efforts in WWII. “The renovations at 25 Fid Kennedy Avenue will preserve the legacy of its industrial Art Deco architecture and utilitarian use,” said John Cannistraro. “We are proud to showcase the craftsmanship of local tradespeople, and to advocate continuous improvement and best practices within the construction community.”

In addition to providing jobs for city residents, the move enables Cannistraro to apply green building technologies, lean manufacturing principles and modular building methods. A significant amount of flex space within the facility will be available for innovative projects in collaboration with industry partners. Cannistraro is expected to occupy 25 Fid Kennedy Ave. in September 2017. The company’s corporate offices will remain in Watertown.

J.C. Cannistraro, LLC offers complete mechanical construction services within Greater Boston, including plumbing, fire protection, HVAC piping and sheet metal; and facility service and maintenance throughout New England. With over 800 employees and annual revenues exceeding $200 million, the company is currently ranked the Largest Mechanical Contractor in Massachusetts by the Boston Business Journal, and listed among the Top 25 Mechanical Contractors in the U.S. by Engineering New Record. For more information visit www.cannistraro.com.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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.