O'Brien of O'Brien Commercial Properties brokers 2,000 s/f lease
Connect Pay Payroll Services is relocating its offices to the Concord Office Center at 2352 Main St. Eric O'Brien, president, O'Brien Commercial Properties exclusively represents the building owner and procured the tenant for a 2,000 s/f long term lease on the third floor of the first class office building owned and managed by RGK Partners of Acton. The Emerson Group represented the tenant in lease negotiations.
"With only about 20,000 s/f left available at the property now, the building will lease up fairly quickly because the rents are at least $5 per s/f lower than other comparable Concord addresses," said O'Brien. "The landlord is being very aggressive with free rent and new tenant fit-up to secure quality tenants in this challenging economic climate."
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