News: Northern New England

John Flatley Company renews 300,000 s/f at the Nashua Technology Park

The John Flatley Company, owner of the Nashua Technology Park at Gateway Hills, renewed three leases totaling 300,000 s/f to Dell, Plexxi and Amphenol TCS, bringing the building to more than 85% leased. Located at Exit 1 off Rte. 3 at the Mass./N.H. border, the Nashua Technology Park (NTP) campus consists of over 750,000 s/f of interconnected, energy-efficient office/R&D buildings within the Gateway Hills campus. The park and location have become a key component in the growth of numerous leading high-tech companies. This facility offers many onsite amenities including a full-service café, NTP Conference Center, auditorium, health club, iCafe, game room, Flatley Innovation Center...even a heliport. The site plan for Nashua Technology Park includes additional R&D space, of which 240,000 s/f is currently being engineered and approved. The new Homewood Suites by Hilton is scheduled to open this summer. Plexxi has expanded 22,000 s/f. This will be their third time expanding since winning the Inaugural Flatley Challenge in 2012. The Annual Flatley Challenge awarded them with free space one year and $10,000 to help get their business off the ground. "Since it was so successful and the space is great, we were able to go into a long-term lease after the first year was up," said Laurie Riedel, vice president of finance at Plexxi. "We're really excited to grow with the park and become a bigger anchor and success story for NTP." Dell recently renewed 190,000 s/f and has called NTP home for the past 8 years. Amphenol TCS renewed their lease, totaling 80,000 s/f. Another long-standing, valued tenant at NTP, Amphenol TCS is a leader in high-speed, high-density connection systems.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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