Sweeney of Rodman R.E. sells 7,300 s/f mixed-use to Nashua Properties
Thomas Sweeney, SIOR, vice president of Rodman Real Estate, Inc. has sold a mixed use property located at 191 Nashua St.
The site consists of a 10,000 s/f parcel improved with a 7,300 s/f mixed use building (commercial/residential) located off North Main St.
The property was purchased by Nashua Properties, LLC and the main portion of the building will be converted for medical use and occupied by the Center for Preventive Medicine as its primary facility. Sale price was $642,500.
In another transaction, Sweeney represented the law firm of McKenny, Quigley, Izzo and Clarkin in their leasing of 5,000 s/f of office space in the Irons & Russell Building, located at 95 Chestnut St.
Jim Moore of Peter M. Scotti & Associates, Inc. represented the lessor.
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