News: Front Section

Stevens of The Stevens Group represents Barr Associates in 47,780 s/f lease

Barr Associates has renewed their lease at 300 Potash Hill Rd. The 47,780 s/f lease was extended for an additional 7 year term. Barr has occupied the single-level office/flex building since 1999. In addition to this location, Barr also owns and occupies two other buildings in Westford, Mass. totaling 75,000 s/f Barr Associates is an independent manufacturer of precision thin film coatings and optical filters, and has an unmatched heritage in the optical filter and coating business providing solutions and parts for some of the most challenging requirements. Barr services the leading players and innovators in virtually every major market where optical filters or thin film coatings are enabling technologies or components. Mark Stevens, principal of The Stevens Group, represented Barr in the transaction, providing real estate advisory services and assisting them in negotiating the lease extension. The landlord, Franklin Equities LLC, represented themselves. The Stevens Group is a commercial real estate advisory firm located in Boston, MA, that specializes in exclusively representing corporate clients in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is a member/partner of the International Tenant Representative Alliance (ITRA) with offices in major cities around the world.
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Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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