News: Front Section

Mulroy of O'Brien Commercial Properties, Inc. completes three leases totaling 24,090 s/f

Paul Mulroy, senior vice president at O'Brien Commercial Properties, Inc. recently represented Hitch Inc. in leasing 5,000 s/f at 166 Middlesex St. The tenant, The Chelmsford Sports Club, was directly procured by Mulroy. They will be using the space for fitness classes. This completes the leasing efforts at the property. Mulroy also completed a lease extension at 275 Billerica Rd. The tenant, Pro AV Systems, extended their lease on 12,740 s/f of office and warehouse space. Pro AV continues to grow their audio visual company throughout the region. Mulroy represented the landlord, Shaimus LLC, and originally directly procured the tenant. The 55,000 s/f building is now home to two local businesses and a church. Also, Mulroy represented C.J. Field Inc. in the leasing of three units at 181 Stedman St., Lowell, MA. The units totaled 6,350 s/f and consisted of warehouse and office space. The tenants, Constitution Construction, Bobby Spindell Training, and Paresh Patel, were all directly procured by Mulroy. These three leases now bring the property to full capacity.
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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