Mulroy of O'Brien Commercial Properties brokers $1 million sale
Yukon Holdings LLC has purchased 280 Ayer Rd. for $1 million from Jensam Realty. In 1982 Jensam Realty built the brick office and flex building for Manchester Corp., (a related waste water engineering firm). The two story multi-tenant building is situated on a 3 acre commercially zoned lot of land in the Ayer Rd. business district. Paul Mulroy, vice president of O'Brien Commercial Properties represented the buyer in this transaction and Eric O'Brien, president of O'Brien Commercial Properties represented the seller.
In addition Hi-Temp Coatings Inc. has signed a lease at Mill Pond Sq. in Maynard with owner Lexvest Partners, LLC. Hi-Temp Coatings plans to remain in Boxborough and will be relocating its materials testing lab from Acton into 3,408 s/f space at 63 Great Rd. in Maynard. Lexvest was represented by O'Brien Commercial who also procured the tenant.
in this long term lease transaction.
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