Normandy R.E. Partners completed a lease for 49,548 s/f with Quincy College at 150 Newport Ave. Richards Barry Joyce & Partners represented Normandy while Key Realty represented Quincy College.
150 Newport Ave. is a four-story, 121,417 s/f first-class office building. The property is adjacent to the North Quincy MBTA station.
Normandy acquired the property as its first Mass.acquisition. The Quincy College lease, combined with a 71,869 s/f lease signed with British Telecom, brings the building to full occupancy.
150 Newport Ave. is undergoing an amenity renovation with more than $1.5 million in improvements.
Michael Frisoli, a partner at RBJ, with Cal Hudak brokered the leases.
Normandy Real Estate Management is the on-site property manager. The Walsh Co. is acting as owner's rep. and is overseeing the renovations.
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