News: Front Section

Shapiro renovates Sampson Cordage Mill into 325,000 s/f Phoenix Park

Eric Shapiro purchased the former Sampson Cordage Mill property in 1998 and completely renovated the mill into Phoenix Park, a 325,000 s/f R&D, office and manufacturing space building. In 1850 the Shakers erected a cotton mill which was bought by Phoenix Cotton Manufacturing and later became the Samson Cordage Company. the mill is located at 2 Shaker Rd. The property is situated on 56 acres and is a quarter mile from the commuter rail, 2 miles from Rte. 2 and 1 mile from Devens Commerce Center Phoenix Park amenities include: *1,800 s/f shared conference room, with media/presentation and wireless internet available *1,000 s/f newly renovated fitness room for tenants to use for free *1,000 s/f shared lunchroom with outdoor roof deck overlooking the Catacomuc River. *300 parking spaces. *Onsite property management and security. There are currently over 30 tenants, which include: All Things Jeep, Cool Dog, Inc., McDermott Enterprises, Senate Construction and Valley Design Corp. The property owner and leasing agent is Phoenix Park LLC.
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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.
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It’s time to get creative with closed college campuses - by Christian Koulichkov

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
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>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.
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.