Minnerly and Osvold of NAI Hunneman lease 7,040 s/f to Crossfit
NAI Hunneman brokered a 7,040 s/f industrial lease to Crossfit Automile at 661 Pleasant St.
NAI Hunneman's Catherine Minnerly, executive vice president/principal, and Ovar Osvold, associate, represented the property owner, The Mackin Group, and procured the tenant in the long-term lease.
661 Pleasant St. is a 69,440 s/f warehouse building that includes 28,073 s/f of first-class mezzanine office space and 41,367 s/f of warehouse space. Constructed in 1996, the building features concrete block walls with clear heights that ranging from 22 feet under the mezzanine office to 28 feet in the rear portion. The building is located just off Rte. 1 and is less than two miles from I-95 and four miles from Rte.128.
"As is apparent from the inclusion of Automile in their company name, CrossFit's owners are thrilled to be opening in this bustling retail corridor," said Minnerly. "The area offers the right mix of high-volume traffic and easy highway access that is sure to help CrossFit Automile succeed."
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.
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