O'Brien reps. Motion Tech. in 22,000 s/f lease at 10 Forbes Rd.
Bret O'Brien of O'Brien Commercial Properties, Inc. represented Motion Technology, Inc. in leasing new space at 10 Forbes Rd. Motion Technology manufactures and sells commercial cooking equipment products, including the Autofry line, which is the leader in ventless deep-frying technology. O'Brien leased the company its current 12,000 s/f space at 257 Simarano Dr. in Marlboro, five years ago when it moved from its previous space of 7,000 s/f in Natick. The 10 Forbes Rd. property in the Rte. 290 Industrial Park offers functional space with room to accommodate the steady growth of the local manufacturer. Rob Walles, Britton Derkac, Ed Jarosz and Bob Gibson of CBRE New England represented the owner, TMT 290 Industrial Park, Inc.
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