O'Brien of Greater Boston Commercial sells two buildings totaling 37,000 s/f
Bret O'Brien of Greater Boston Commercial Properties, Inc. recently sold two buildings totaling 37,000 s/f.
O'Brien represented the buyer John Day in the sale of 240 Maple St. 240 Maple St. is a 20,000 s/f freestanding block building, which when it was completed in 2007 was leased by O'Brien to Clear Vu Industries. Clear Vu Industries vacated the building in 2010, and the property was subsequently foreclosed on by Middlesex Federal.
Day purchased the property for $1.25 million from Middlesex Federal for his company J. Brian Day, which specializes in restoration for water, fire, mold and cleaning for general disaster relief. The building is located on a 6.72 acre lot, which includes a pad site for a second industrial building, and was previously permitted at 30,000 s/f.
240 Maple St. will provide a secondary location to the company's site on Rte. 1 in Plainville. The seller was represented by John Eysenbach of R. W. Holmes Company.
In a separate transaction O'Brien represented Calvin Moore in the sale of his 17,000 s/f freestanding building at 12 Shirley St. in Ayer, and procured the buyer, Tai Kien. Tai Kien, who purchased the property for $360,000, will renovate the facility for clean room and high end medical manufacturing, in order to relocate his company Innovative Medical Design from Amherst, New Hampshire.
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