Rosen of Metrowest completes $6.6 million sale of multiple properties
Metrowest Commercial Real Estate completed the sale of the apartment complex at 31, 35 and 37 Salem End Rd. and 75-89 Maynard Rd. as well as the restaurant building at 1060 Worcester Rd., to Framingham State University.
The sale price for this package of several buildings was $6.6 million.
The school previous purchased 23 Salem End Rd. which was also brokered by Mark Rosen of Metrowest Comm'l.
The acquisition of these sites, which are located near the northwestern edge of campus, is the third and final one this year related to the school's plan to build a parking lot in the area. The demolition of the apartment buildings is scheduled for early 2014.
The buyer is officially the Massachusetts State College Building Authority and the seller is Salem Maynard Trust of Somerville. Rosen was the sole broker.
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