Smith of CBC Scalzo Group brokers 14,500 s/f $600,000 sale
Martin Smith of Coldwell Banker Commercial Scalzo Group, Bethel, recently completed the sale of a 14,500 s/f mixed-use building located at 1365 West St. The recently renovated 108 year old two-story wooden structure, is situated on 1.48 acres, and was the former home of CT. Architectural Millwork Inc. The property was purchased for $600,000.
Coldwell Banker Commercial Scalzo Group represented the seller, 1365 Whittemore Associates LLC. The buyer, 1365 LLC, was represented by Dave Theroux of Drubner Commercial, Waterbury. The unique and highly visible building is located in proximity of the municipal and historic district of Middlebury, as well as the newly constructed Junipers Restaurant and Ridgewood at Middlebury, an award winning luxury townhouse and golf community.
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