Kent and Lynch of Jones Lang LaSalle sign Energy Services Group to 28,645 s/f at 141 Longwater Drive - Owned by Foxrock Properties
Jones Lang LaSalle completed a long-term lease of 28,645 s/f of first class office space to Energy Service Group (ESG) at 141 Longwater Dr. ESG will occupy part of the first floor in the 80,000 s/f office and medical office building in Assinippi Park. ESG was represented by Jones Lang LaSalle executive vice president Tom Kent and vice president Sean Lynch. The owner of 141 Longwater Dr. is Foxrock Properties
The space will serve as ESG's new Massachusetts headquarters. Occupancy is scheduled for May. ESG is moving from 400 Hingham St. in Rockland. ESG provides flexible, scalable, end-to-end business process solutions for large and small retail energy suppliers and utilities. ESG's customized back-office solutions allow client's to streamline operations, maintain regulatory compliance and maximize profitability.
The success of ESG's clients has in turn helped ESG achieve consistent growth since its launch in 1997. Today, ESG serves more than 100 retail energy suppliers and utilities in the US. They, in turn, market or deliver energy to millions.
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