O'Brien of O'Brien Comm'l. Propertiesreps Lexvest Partners in $2 million sale
Eric O'Brien of O'Brien Commercial Properties represented the buyer 63 Great Rd. Partners (Lexvest Partners, LLC) in the sale of the 30,000 s/f Mill Pond Building at 63 Great Rd. The building was purchased 65% leased to five cos. The property, sold by Maynard Partners, LLC, consists of bio-medical, office and lab space.
Lexvest intends to renovate the common areas and available suites and market the remainder of the building as business condominiums for sale or lease. The sale price for this property at the fork of Routes 62 and 117 was $2 million.
Dylan Connelly of O'Brien Comm'l. Properties has been appointed to market the property for Lexvest.
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