Press of Press/Cuozzo brokers $715,000 sale of Brix Restaurant
According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Brix Restaurant facility at 1721 Highland Ave. has been sold. The well established location consists of a 5,342 s/f fully equipped restaurant facility set on 1.09 acres on the northern end of Rte. 10 offering easy access to I-691, I-91 and I-84.
Press was the listing agent representing the seller, BG Associates, LLP. The buyer, Luca Ristorante, LLC is projecting an opening in early April.
The transaction closed at $715,000.
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