News: Front Section

New England SIORs work the fall with 335,593 s/f of transactions

The New England SIOR Chapter members operated the fall of 2011 with a number of major advisory and transactional assignments. Corporate America and regional tenants indicated that the SIORs are the premier brokers in the commercial/industrial New England real estate market whom they entrust for expert knowledge and skills. During the fall of 2011 the deals totaled approximately 335,593 s/f of commercial real estate valued at approximately $8,727,380. Congratulations to all the New England SIOR members in these recessionary times! * Tom Moulton, SIOR of NAI The Dunham Group represented Catholic Charities Maine in its lease of 5,400 s/f of office space at 11 Baxter Blvd., Portland, Me. Moulton also leased 5,490 s/f of office/retail space to Dragon Fire Martials Arts at 650 Main St., So. Portland, Me. * Jim Boudrot, SIOR and Evan Gallagher, SIOR Candidate of NAI Hunneman represented Certeon in a 9,650 s/f sublease of office space at 5 Wall St., Burlington. Boudrot and Gallagher also negotiated a 13,360 s/f office renewal and expansion for RentGrow Inc. at 307 Waverly Oaks Rd., Waltham. * George Paskalis, SIOR of MG Commercial represented the landlord in a 50,000 s/f industrial lease in the North Central Industrial Park, Lincoln, R.I. Triumverate Enronmental was the tenant and provides medical waste transfer services. * Greg Klemmer, SIOR and Tim Brodigan, SIOR of Klemmer Associates represented Quiet Logistics in its lease of 200,000 s/f at 66 Saratoga Blvd., in the Devens Industrial Park, Devens. * Frank O'Connor, SIOR of NAI The Dunham Group represented the landlord in leasing 1,798 s/f of Class A office space to Nina's Zumba Studio at 54 York St., Portland, Me. * Jim Elcock, SIOR of Colliers Meredith & Grew represented Clark, Snow & Riley, a certified public accounting and management consulting firm in a renewal of 4,775 s/f of office space at 25 Newport Ave., Quincy. * Rob Nahigian, SIOR of Auburndale Realty Co. completed advisory services on the first of three commercial land pads at 505 W. Central St., Franklin. This Rte. 140 site will house, as its first tenant, a newly constructed Wendy's. Site preparation is under construction and the new Wendy's is planned for the spring of 2012 in a long term ground lease. Nahigian also leased 42,120 s/f of warehouse space to PAK Technologies of Milwaukee at 95 Fitchburg Rd., Ayer. The facility has rail service and 26-28' ceilings and will serve as a jump location for its European customers.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 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