Rohrer and Overdeput of Grubb & Ellis|Coldstream R. E. handle 45,000 s/f, $1.35 million sale for Smith Properties
Grubb & Ellis|Coldstream Real Estate Advisors, Inc. has sold a 45,000 s/f industrial condominium at 81 Fitzgerald Dr. The property is located in the Drumlin Industrial Park.
The seller, Smith Properties, LLC, was represented by Bob Rohrer and Hugo Overdeput of G&E|Coldstream's Bedford office. The buyer, Sarantos-Economos Family Real Estate, LLC, was assisted by Sam Proctor of Proctor & Greene Real Estate.
The property sold for $1.350 million, according to the Cheshire County Registry of Deeds.
The property was previously occupied by Northeast Reel. Northeast Reel was sold in 2007. Along with the existing tenants, it is understood that the new owners will be relocating to the building.
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