Matthews Commercial and Vidal/Wettenstein co-broker lease
Ed Godin Jr., SIOR and Gerry Matthews of Matthews Commercial Properties, recently represented the landlord, Cornerstone Realty, in the leasing of 34,000 s/f of manufacturing and office space at 105 Progress Lane. The modern 200,000 s/f facility is located just off I-84 at exit 25A near the Cheshire border.
The new tenant, Forum Plastics Inc., will be utilizing the facility for its manufacturing operation and was represented by Bruce Wettenstein, SIOR of Vidal/Wettenstein, LLC in Westport.
Forum Plastics will be relocating and expanding its business from Stamford. They provide high quality plastic molded parts and assemblies to a wide variety of industries. Bruce
Wettenstein
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