Molisse Realty completes $3.25m sale of former Settles Glass building
Brian Molisse, broker/owner of Molisse Realty Group, completed the sale of the former Settles Glass building located at 830 Plain St. The property has been sold to Daniel Quirk of Quirk Auto Dealers and closed at a sale price of $3.25 million. The site will become the home of the newest Quirk Auto Dealership consisting of Jeep, Chrysler, Dodge, and Dodge Ram vehicles. Plans are in place to construct a 40,000 s/f facility to house the dealership, slated for completion by 2014.
The sale of 830 Plain St., was brokered by Molisse Realty Group. John Farraher from the Molisse commercial division represented the seller in the transaction and sales agent Jean Dunn worked with the buyer.
Recently, Molisse Realty facilitated the lease transfer of Green Automotive to Quirk Auto Dealers. The Green site is currently being used by Quirk as a temporary location for the above mentioned dealership.
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