Mussman of Mussman Associates brokers 28,000 s/f $650,000 sale
A city landmark has been sold for $650,000. Tinty's Furniture store, an anchor on Memorial Blvd. from 1928 until 2010, was purchased recently by Mothe Realty of Manchester. The new owner of the 28,000 s/f facility will turn 8,000 s/f into a package store and lease the remainder of the space to other commercial tenants.
Bernard Mussman of Mussman Associates of Farmington was the broker in the deal, representing the estate of Donald Tinty. Attorney Robert Scalise of New Britain represented the seller, and attorney Brian Silver of New Britain represented the buyer.
In another transaction, 75 Neal Court LLC acquired 75 Neal Court, Plainville, a 245,000 s/f steel assembly plant, from Sowanco 25 Ltd. for $1.2 million located on 11 acres of land. Colliers International represented the seller and Bernard Mussman Associates LLC represented the buyer.
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