Mancinone and Horvath of Marcus & Millichap broker $2.61m sale
Adam Mancinone and Robert Horvath of Marcus & Millichap Investment Real Estate Services have brokered the sale of 33 & 35 Nicholson Rd. The two buildings sold for $2.61 million and Marcus & Millichap represented both the buyer, an affiliate of Babcock & Brown Parallel Industrial, an owner and operator of light industrial properties within the continental United States, and the seller.
The property, constructed in 1991, is comprised of two buildings totaling 52,200 s/f on 13 acres of land. Located approximately 1/4 of a mile from Bradley International Airport, the property is currently improved by three tenants and had one vacancy at the time of sale.
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