Schaffer and Scafati of Press/Cuozzo Realtors broker $600,000 sale
According to Stephen Press, principal of Press/Cuozzo Commercial Services, senior leasing brokers Ted Schaffer and Albert Scafati have sold a 10,000 s/f manufacturing property located at 15 Hamden Park Dr. for $600,000.
The building was constructed in 1987 by the Instant Buttons Manufacturing Co. and Press/Cuozzo Commercial Services represented the sellers, Linda and Ralph Caffalette. The buyer is Delta Property Holdings, LLC and was represented by Carl Russell of George Smith & Son Realtors of Milford.
Located in the Hamden Industrial Park, the property will provide a new headquarters for the Delta Tool & Mold Co., an established Hamden business, the opportunity to stay and expand in Hamden.
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