Matthews Commercial and CBRE broker $1.275 million sale of industrial facility
Ed Godin Jr., SIOR and Brian Godin of Matthews Commercial Properties represented the buyer and Matthew O'Hare and Timothy Fegan of CB Richard Ellis represented the seller, Jonathan Keller, in the sale of a 28,100 s/f industrial facility at 7 Great Hill Rd.
The modern building is situated on 4.4 acres of land in the Naugatuck Industrial Park and sold for $1.275 million.
The buyer, Northeastern Communications, is headquartered in Waterbury and will relocate its operations to accommodate its continued growth.
Established in 1958 Northeastern Communications is one of the region's leading providers and servicers of communication systems for the commercial, public safety and industrial markets.
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