Kirby of Lyman Real Estate brokers $922,000 sale of 10,000 s/f retail plaza
Geronimo LLC of Norwich has completed the purchase of 220 Westchester Rd. (Rte. 14) for $922,000.
The plaza consists of 10,000 s/f of retail space and is anchored by Rite Aid Pharmacy (former Brooks Pharmacy location). The seller, Steven St. Germaine, represented by attorney Nick Scola of Danielson, will be seeking reinvestment opportunities. The purchaser, represented by attorney Kathryn Guinan of New London, is diversifying its investment portfolio.
Jeff Kirby, agent with Lyman Real Estate, represented the buyer and Laurie Ann Drinkwater of Marcus & Millichap represented the seller.
Lyman Real Estate is a full-service real estate firm serving Connecticut's commercial and industrial brokerage, development and property management needs.
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