Subber and Sciolla of Cresa Boston represent PHT Corp. in a 42,633 s/f office lease
Adam Subber and Joe Sciolla of Cresa Boston recently represented PHT Corp. in a 42,633 s/f office lease expansion and renewal at 500 Rutherford Ave. PHT, which was named in September 2012 to the Inc. 5000 list of fastest-growing private companies in the U.S., is expanding its headquarters to accommodate its rapid growth.
The company recently completed its move-in and is occupying part of the first and third floors of the three-story, 300,000 s/f office building located in the 1.2 million s/f Hood Business Park. It formerly occupied 37,000 s/f in the building. The landlord, Hood Business Park LLC, was represented by Tim Bianchi and Deb Gould of Cushman & Wakefield.
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