News: Connecticut

Schless and Ostop of Jones Lang LaSalle negotiate 5,126 s/f lease

Sanford Brown College, a part of the Career Education Corporation family of schools, has expanded its campus at The Exchange by 5,126 s/f. The allied health school now leases about 20,000 s/f of classroom and office space. The tenant was represented by Andrew Filler of CB Richard Ellis. The owner's managing agent, Acre Group, LLC, was represented by Jones Lang LaSalle vice president Gary Schless and executive vice president Christopher Ostop. "As we continue expanding our programs to prepare people for allied healthcare careers, we found ourselves needing more classroom space. We're pleased to have the ability to expand at our current campus location," said Kurtis Peterson, president of Sanford Brown College. "Sanford Brown has been a long term tenant at the Farmington Exchange and we are proud of the fact that they have chosen to further invest themselves at the Exchange," said Dan Charest, operations manager for Acre Group, LLC. "This speaks well of the Exchange, its management staff, and ownership's commitment to accommodating the growth needs of its existing tenants." The Exchange, 270 Farmington Ave., is located along Rte. 4 directly across from the University of Conn. Health Center and sits on approximately 15 acres of land. The Exchange is a unique wood structure, three-story 250,000 s/f mixed-use office and retail building with two on-site restaurants.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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