O'Brien Commercial Properties, Inc. brokers $360,000 sale for Moore Family Trust
TK Investment Group, LLC has purchased 12 Shirley St. for $360,000. O'Brien Commercial Properties, Inc. represented the seller in the transaction, Moore Family Trust, and directly procured Innovative Medical Design, who is moving from Amherst, New Hampshire and will be occupying the building.
Also, Paul Mulroy of O'Brien Commercial Properties recently represented ownership in the sale of 1100 Gorham St. Lowell, Mass. The buyer, Test-N-Build, directly procured by Mulroy, will be redeveloping the property to incorporate retail space, warehouse space, and residential apartment space.
"The redevelopment will be a welcomed change and improvement to the surrounding community, which was expressed openly by neighbors at the city planning meetings to get approval for this project," said Mulroy. Test-N-Build ownership will immediately take over the operations of the on site party store and the expectation is to have the property fully redeveloped within one year.
Mulroy said, "This was a long process, but ultimately the right group purchased this property; all that were involved were excited to see this property close and we are anxious and excited to see the improvements Test-N-Build will make."
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