News: Front Section
Posted: January 16, 2014
Matthews of Matthews Commercial brokers $855,000 sale for Russell Associates
Gerry Matthews, partner of Matthews Commercial Properties recently completed the sale of 969 West Main St. The 28,314 s/f building was the former Russell School which had been converted into this professional office building by Rick Merrell, a well known local architect who maintained an office at this address.
The building is located at the corner of West Main St. and Highland Ave. with highway access.
Matthews represented the seller, Russell Associates. The property was purchased for $855,000 by ICARUS II, LLC of Bethlehem, CT who was represented by Michael Guidicelli, Regions Commercial, LLC.
MORE FROM Front Section
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Ask the Electrician: How do I prepare my commercial building for a disaster?
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
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!
Investing in a falling rate environment - by Harrison Klein
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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
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