Press/Cuozzo Comml's. Press and Nesson sell package of buildings
Press/Cuozzo Commercial Services has sold a package of buildings and a parking lot at the prime corner of State and Trumbull Sts. known as 3-5 Trumbull St., 702 State St., 712 State St. and 714 State St. The combined land area is 30% of an acre and the total square footage of the buildings is 11,000 s/f.
Stephen Press, SIOR, of Press/Cuozzo, was the listing broker for the seller, One Trumbull, LLC, and Joel Nesson, MBA, of Press/Cuozzo, procured the buyer, Trumbull Suites, LLC.
The buyer plans to renovate most of the buildings for residential use with one commercial space.
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