JRT Realty and C&W handle 10,000 s/f lease at Needham Corp. Center
Orsi, Arnone, Rothenberg, Iannuzzi & Turner, LLP signed a lease for 10,000 s/f of executive office space at Needham Corporate Center. Exclusive leasing agent and property manager, JRT Realty Group, Inc., along with Cushman & Wakefield, handled the transaction.
"Small- to medium-sized finance and law tenants are dominating the suburban office market in terms of space being sought. Among their sophisticated requirements are a comprehensive technology infrastructure, ample space to grow their operations and flexible floor layouts," said Greg Smith, executive VP of JRT Realty, who leads the leasing and management team. The team included Smith and Ty Janney, Mark Roth and Ben Finnegan of C&W's Boston office.
Located at 160 Gould St. Needham Corporate Center is a three-story Class-A office building on Rte. 128. The 138,690 s/f multi-tenant building is situated on four acres. The property is owned by TIAA-CREF, the national financial services organization.
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