John D. Hastings brokers six transactions totaling 20,818 s/f
John D. Hastings, Inc. commercial and real estate of Westport brokered the following recent commercial real estate transactions:
David Fugitt, SIOR, senior vice president of John D. Hastings, Inc., leased 5,600 s/f of office space at 53 Riverside Ave. to NGS Investors, LLC. Fugitt represented the landlord, Sumaran, LLC and Sharon Maddern of David Adam Realty represented the tenant.
Fugitt leased 3,840 s/f of office space at 518 Riverside Ave. to Resnick Financial. He represented the owner, 41 Gault, LP and Kevin Foley of Cushman & Wakefield of CT, Inc. represented the tenant.
Fugitt and Chris Maglione leased 2,400 s/f of retail space at 99 Beardsley St. in Stratford. The new tenant is Avis Car Rental. This gives the 25,000 s/f center 100% occupancy. They were the sole brokers in the transaction. Hastings is also exclusive selling agent for this property that is highly visible from I-95 just off Exit 32.
Fugitt also leased 4,000 s/f of office space at 15 Oakwood Ave. in Norwalk to Alphagrahics. John Zervos of DVB Realty brought the tenant.
Craig Davidson of John D. Hastings, Inc. leased 3,428 s/f at 19 Willard Rd., Norwalk to Just Dance Studios, LLC. Davidson represented the tenant; Zervos of DVB Realty represented the landlord, 19 Willard, LLC.
Arlene Donahue leased 1,550 s/f of offices at 2150 Post Rd., Fairfield to HMP Communications, a medical journal publisher. David Allen represented the landlord, David Marcus Partners.
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