The Stubblebine Company brokers Wetmore Co.'s 88,000 s/f lease
The Stubblebine Co. represented Wetmore Co. in the long term lease of the 88,000 s/f of industrial space at 326 Ballardvale St. The property, which is owned by RREEF, is located close to the intersection of I-495 and I-93.
Formed in 1945, Wetmore is the leading custom packing and crating company in New England. They will use the property as expansion of their operation.
According to James Stubblebine, "Wetmore selected the property because it offers excellent flow for their manufacturing and close proximity to many of their top vendors."
James and David Stubblebine of Stubblebine represented Wetmore and Tom Aitken of Grubb & Ellis and Steve James of NAI Hunneman represented RREEF.
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