Scafati of Press/Cuozzo leases 15,500 s/f to Bar-Plate Mfg. Co.
According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Albert Scafati, senior commercial advisor, has leased 15,500 s/f of industrial space at 1180 Sherman Ave. to Bar-Plate Manufacturing Company. Bar-Plate is in the business of die making and die cutting. The company has a complete inventory of products and manufactures most of the items it sells. Special orders are manufactured to exact specifications and stock items are shipped the same day. The company will take occupancy this month.
Scafati of Press/Cuozzo Commercial Services was the sole broker in the transaction, representing the landlord, Michael Landino, as well as the tenant, Bar-Plate Manufacturing Company.
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