Sherman of Angel Commercial sells 16-18 Ann Street for $999,000
Angel Commercial LLC brokered the sale of a 6,000 s/f office space within the industrial condominium building located at 16-18 Ann St. to Inspira Marketing for $999,000.
Brett Sherman, CCIM, senior vice president of Angel Commercial, represented the purchaser. RHYS Commercial represented the seller, Q Sono II LLC. The transaction was completed with the co-operation from First Niagara Bank.
"Location was paramount to Inspira Marketing who wanted to stay in the trendy SONO area of Norwalk. It was challenging to find such a large space in this part of town," Sherman said.
Inspira Marketing specializes in event marketing, from program development to activation and measurement.
Jeff Snyder, president/CEO of Inspira Marketing, said, "It was refreshing to work with a commercial real estate company whose main focus was finding a solution to meet our needs. Brett truly understood our requirements and I am confident our new headquarters will sustain us as we continue to grow."
Jon Angel, president of Angel Commercial LLC, leased 9,566 s/f at 120 Allen St. in Stratford to ARI, bringing the 19,036 s/f industrial building to full occupancy.
"The tenant, ARI, was looking for additional storage space and 120 Allen St. matched their space and location requirements," said Angel who represented both the landlord, Lamp Realty LLC, and the tenant in the lease negotiation. ARI joins existing tenants, Last Minute Racing and N&S Electric, Inc.
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