RHYS named listing agent for 145,487 s/f building at 40 Richards Avenue
RHYS Commercial has been appointed the exclusive listing agent for the 145,487 s/f professional Class A office building located at 40 Richards Ave. Owned and managed by Mack-Cali, 40 Richards Ave.'s location allows for immediate access to I-95 via exit 13. The property is also within walking distance of the Rte. 1 (Connecticut Ave.) corridor, which features an abundance of shops, restaurants, banks and hotels. Available suites range from 1,000 s/f to full floor potential of 21,000 s/f. Christian Bangert, vice president of the office leasing division, will spearhead the leasing team along with vice president Kathleen Fazio.
Bangert was instrumental in the recent lease transaction with HMP Communications at 40 Richards Ave. HMP Communications, a leading publisher of medical journals, signed a new lease for 1,850 s/f on the fifth floor at 40 Richards Ave. Richard Opalenik of Cresa Partners represented HMP Communications.
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