Perlman of Northeast Commercial Realty negotiates four new leases
Andrew Perlman principal broker at Northeast Commercial Realty negotiated four leases at Montvale Place. The four tenants; Lux Lounge is a hair salon that leased 1,000 s/f of front retail space, TruStrength specializes in strength and conditioning training leased 2,000 s/f of back warehouse space that has high ceilings and an open floor plan, Calvary Baptist Church leased 1,250 s/f of office space for classroom and religious purposes and Natural Healing of Asia provides massage therapy, yoga and meditation leased 1,150 s/f of second floor space with available signage.
Montvale Place is a 40,000 s/f mixed use center located near Rtes. 93 and 28. The new tenants join Dunkin Donuts, Play it Again Sports, Red Wing Shoes and Deliworks.
Perlman represented the landlord CRA Realty Trust and procured all four tenants.
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