News: Front Section
Posted: September 6, 2024
Senie of EAC Properties/KW Commercial arranges 10,333 s/f lease to Fort Miller Group Inc.
Waterbury, CT EAC Properties managing partner and KW Commercial managing director Andreas Senie, exclusively representing Fort Miller Group Inc., the tenant, and Ed Godin of Godin Property Brokers LLC, representing The Hurley Group, the owner of 45 Commons Court, leased 10,333 s/f to be used by Fort Miller Group Inc.
“After a search starting on the NY state line searching north to New Haven, Waterbury’s opportunity zones, economic development teams/programs, and the professionalism shown by Godin, the landlord The Hurley Group, and Waterbury economic development director McGrath made this location a ‘win-win-win’ for years to come for all involved,” said Senie. “I have no doubt we will see more and more longstanding corporations continue to invest into Connecticut and the surrounding area thanks to well planned economic development initiatives/incentives and the deep network of commercial real estate professionals guiding the way.”
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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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.
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>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
