Kinlin Grover GMAC Commercial sells 6,500 s/f office building for $1.21m
According to Kinlin Grover GMAC Commercial Real Estate in Orleans, DAB Real Estate Trust has sold an office building directly adjacent to the Barnstable County municipal complex to the Swift Realty Trust. The building is located on Main St. and was sold for $1.21 million.
The transaction was facilitated by Sue Hurley and Nat Santoro of Kinlin Grover GMAC Commercial who represented the seller, and Ross Joly of Coldwell Banker Joly, McAbee & Weinert who represented the buyer.
The 6,500 s/f building is currently occupied by the Barnstable County district attorney's office, and through a new lease, will continue in that capacity. The DA's office is happy to be able to use this space, as the location is ideal for transacting business in the municipal complex directly behind.
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