News: Front Section

Reliant Medical Group to begin construction on 32,000 s/f medical facility at MarketPlace Shrewsbury

Shrewsbury, MA The redevelopment of Fairlawn Plaza is moving forward as Reliant Medical Group readies to raze the former Price Chopper Supermarket and construct a new 32,000 s/f medical facility. Reliant will join Hooters that recently opened in the project rebranded as MarketPlace Shrewsbury. 

Located on the north side of Rte. 9 at the signalized intersection of Maple Ave., the project spans 9 acres and provides access to Rte. 9 east and west and Maple Ave. and is close to I-190, 290 and 495 and state roads 20, 122, 70 and 140. 

Demolition of the former supermarket will begin this month followed by commencement of new construction in May. Completion of the new facility is scheduled for February, 2019 with an opening scheduled the following month. 

Reliant is a Worcester-based leading provider of high-quality healthcare with 25 locations throughout the state and is currently in the process of being acquired by Minnesota based Optum, which is a division of the $185 billion managed care conglomerate UnitedHealth Group. 

Jim Umphrey, of Kelleher and Sadowsky brokered the transaction. Boston based Leggat McCall Properties represented the tenant in negotiations with project developer Sam Adams.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.