News: Front Section

Quinlan and Berger of SVN | Parsons represent landlord in 7,047 s/f lease

Lowell, MA SVN | Parsons Commercial Group | Boston has completed a 7,047 s/f long-term lease at 59 Lowes Way with Applied Behavior Institute.

Assistant managing director of brokerage, Matthew Quinlan, along with senior advisor, Alex Berger, of SVN | Parsons, represented the landlord, Connector Park Equity Partners, LLC. Senior advisor, Marci Alvarado, also of SVN | Parsons represented the tenant, Applied Behavior Institute (ABI).

ABI provides personalized ABA services to their clients. Headquartered in Worcester, they use ABA to work with people of all ages, developmental differences and community backgrounds to acquire vital living skills and become independent citizens in the modern world. They offer services in the home, in their offices and via telehealth.

The new location re?ects ABI’s plans to offer their services in new markets. According to Alvarado, ABI is planning to expand into many other areas within Massachusetts over the next two years.

“With the addition of this location, they are proud to offer ABA services in Lowell and to communities across the Merrimack Valley. Their Lowell ‘Ready for Life’ center will be conveniently located right off the Lowell Connector. This new center will be their home base in the Merrimack Valley and a resource to families, schools, and other area providers,” Alvarado said.

59 Lowes Way is one of two four-story class A office buildings in Connector Park.

The park is situated on 16.25 acres located along the Rte. 3 Corridor, at the 495 North market. It is located 25 miles northwest of Boston, 19 miles south of the New Hampshire border and within immediate proximity of I-495, Rte. 3 and the Lowell Connector.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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