Press/Cuozzo Commercial Services sells 5,572 s/f for $810,000
According to Stephen Press, SIOR, the sale of 44 Mill Ln., has been completed. The antique mill dating back to the 1640s has a distinctive history and is set on 1.7 acres on the Farmington River. Serving as Farmington's first mill, it has housed a number of establishments over the years. The greatest portion of the 5,572 s/f building was occupied by the Grist Mill Restaurant which was opened over 20 years ago by Mario Zacco and was sold to a subsequent operator in 2001; the restaurant closed on May 31 this year.
The sale closed on July 10, at $810,000. Press, represented the sellers, The Trustees of the Estate of Mario Zacco. The buyer, Miss Porter's School Incorporated, was represented by Gayle Talbot and Bruce Cagenello, CCIM, of Prudential CT Realty.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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