John D. Hastings, Inc. Commercial Real Estate of Westport brokered the following lease transactions:
1. 150 Danbury Rd., Wilton - Chris Maglione represented both the tenant, Stacy Ullman and Janet Aspen, and the landlord, The Wilton Historical Society, in the leasing of 1,200 s/f for a 3 and a half year term.
2. 148 Danbury Rd., Wilton - Five year renewal of 2,900 s/f to LQM Petroleum Services, Inc. Maglione represented both the tenant and the landlord, Wilton Historical Society.
3. 175 Post Rd. West, Westport - One year renewal of 1,000 s/f to A Way to Learn. Maglione represented the tenant and the landlord represented themselves.
4. 500 Kings Hwy. Cutoff, Fairfield - Maglione of John D. Hastings Inc. and David Fugitt of Vidal/Wettenstein, LLC were involved with the leasing of 34,569 s/f to the Fitness Edge at 500 Kings Hwy. Cutoff, Fairfield.
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