O'Hara of Coldwell Banker Comm'l. completes 80,000 s/f sublease
Christopher O'Hara, senior vice president of Coldwell Banker Commercial NRT Inc., completed a sublease representing Panolam Industries International, Inc. with the Atrium Companies, Inc. at 710 Bridgeport Ave. Panolam Industries International, Inc. subleased 80,000 s/f of warehouse space from Atrium Companies, Inc., taking a portion of the complex's 400,000 s/f warehouse. Panolam is consolidating and relocating two warehouses from Maine and New Jersey to Shelton.
David Gorbach, president of Colonial Properties, represented Atrium in the transaction.
Panolam Industries International, Inc., one of the North American market leaders and innovators in the decorative laminate panel industry and a manufacturer of decorative surface products, combines nearly 60 years of experience. The company's products, which are marketed under Panolam and Pionite brand names, are used in a wide variety of residential and commercial indoor surfacing applications, including kitchen and bath cabinets, furniture, store fixtures, case goods, and other applications. Panolam produces decorative surfaces that offer quality, variety and flexibility to customers worldwide.
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