News: Construction Design & Engineering

Kelleher & Sadowsky arranges second office location for Timberline Construction Corp.

Steven Kelly

Worcester, MA Timberline Construction Corp. (Timberline) is expanding to better service their clients in central and western Massachusetts, New Hampshire and Connecticut. As of June 2023, Timberline has opened its second office location in the city at 1 Mercantile St.

Timberline worked with Kelleher & Sadowsky to solidify the new location in the CitySquare area of downtown. 

Since 2020, Timberline has seen exponential growth, increasing revenue to over $200 million in 2022 and on target to exceed that goal for 2023. Part of this growth has been working on several projects including Massachusetts Biomedical Initiatives (MBI), Agilent and National Grid. With this increase in project volume, and as part of a larger expansion, it was the time to target new team members who embody Timberline’s mindset. 

“Worcester is an economic engine for Massachusetts and we believe that it only has the potential to continue to grow,” said Steven Kelly, CEO of Timberline. “Having a presence in Worcester has always been a part of our expansion plan, and now was the time to make that commitment to capitalize on our presence in the area.”

“After hiring and onboarding dynamic professionals with deep experience and connections in the central and western Mass market,” said Steve Wassersug, president of Timberline, “we knew it was time to continue to pave our growth throughout the region.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
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

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