Sentry Commercial brokers $3.1m sale of 53,300 s/f industrial building at 1404 Blue Hills Ave.
According to Sentry Commercial Real Estate Services, Babcock and Brown Parallel Industrial, LLC has purchased 1404 Blue Hills Ave. for $3.1 million. The 53,300 s/f industrial building was owned by Mustad Realty, Inc. The brokerage team of Mark Duclos, Alan Bolduc and Sherri Thompson of Sentry Commercial were the sole brokers in the transaction.
In another transaction, Oxford Industries of Connecticut, Inc. renewed its 94,472 s/f lease at 221 South St., New Britain.
The 584,000 s/f industrial building is owned by SL New Britain LLC. Duclos, Thompson and Bolduc of Sentry in association with Art Ross of Hart Corporation were the sole brokers in this transaction.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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