O'Brien Commercial named agent for two properties totaling 130,000 s/f
O'Brien Commercial Properties was recently appointed two warehouse/manufacturing exclusive listings. Bret O'Brien is the lead broker for both projects which total 130,000 s/f.
10 Liberty Way located in The Franklin Industrial park is a 56,600 s/f freestanding building on five acres, currently occupied by Hilliard Precision Products. Hilliard Precision Products is vacating the property and relocating to 125 Depot St. in Bellingham, an 87,200 s/f manufacturing building it purchased through O'Brien in October. 10 Liberty Way offers 21' clear height, 1,600 amps of 3 phase 480 volt power, four tailboard loading docks, one large drive-in bay, one five-ton bridge crane, and 7,000 s/f of existing office space. The Franklin Industrial park is one of New England's premiere suburban locations offering corporate neighbors, high image roadways and greens paces, as well as immediate highway access via Rte. 495's Exit 16.
10 Kenwood Circle is a 153,369 s/f distribution center with 72,191 s/f of available space. The building is approximately 50% occupied by Astro Automotive which recently purchased the property as a tenant from the previous owner, RREEF Management. Astro chose to hire O'Brien Commercial Properties to lease the 72,191 s/f vacant space because of its proactive approach and presence in the Rte. 495 marketplace. 10 Kenwood circle offers 24' clear height, eight tailboard loading docks, one overhead drive- in door and 3,000 s/f of existing office space.
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