McEvoy and Conrad of The Conrad Group broker $4.55 million sale on behalf of the seller, Circuit Street Ventures, LLC
The Conrad Group has recently negotiated the sale of 342-348 Circuit St. on behalf of the seller, Circuit Street Ventures, LLC. The property consists of two industrial buildings totaling 168,144 s/f on 17 acres.
The Conrad Group team of James McEvoy, senior vice president and Bob Conrad, president, represented the seller while Rick Barnes of Cambridge Capital Advisors represented the buyer, 4M 16 Commerce, LLC. The sale price was $4.55 million.
The buildings are home to two of the area's largest employers, Sturtevant, Inc. and Eyesaver International Corp. The new owner intends to make several improvements to the property, including adding dock high & drive-in loading, new warehouse lighting and a new façade. The owner has hired Conrad Group as exclusive listing agent and since closing last month, the firm has leased 33,000 s/f of vacant space.
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