News: Spotlights

McNamara of Poirier Realty sells 9,000 s/f office bldg. for $520,000

Tom McNamara of Poirier Realty represented the seller, UPP Asset Holding LLC, in the sale of 803 Lancaster St. The 9,000 s/f 20 year old office building, previously used by a national sales force, sold to Creative Print Products for $520,000. Located on Rte. 117 and close to I-190, the space provides offices, conference rooms and all furnishings to the new owner who had outgrown his existing space in Leominster. Additionally, the property provides on-site parking, full HVAC, and room for expansion. The buyer was represented by Mary Catherine Dennehy of Foster Healey Real Estate In another transaction, Kevin Sideleau represented the seller and McNamara assisted the buyer in the sale of 68 Nashua St. The 2,400 s/f auto body shop and auto repair facility is located on a busy street close to Rte. 13 and Rte. 2. Offering four bays and garage doors, office, compressor room, spray booth, and fenced in parking, the space attracted the buyers, 68 Nashua Street Realty Trust. The sellers, Linda and Ken Huckins, provided seller financing.
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Columns and Thought Leadership
Ask the Electrician:  How do I prepare my commercial building for a disaster?

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<br> the First Annual Project of the Year Award! Vote today!

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

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 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