Theroux of Drubner Comm'l. brokers $1.32m sale of 33 acre ind. site
David Theroux, managing partner of Waterbury-based Drubner Commercial Real Estate, has completed the sale of 33 acres of industrial zoned property on Echo Lake Rd. The seller was Industrial Development Group of Waterbury and the buyer is Echo Lake Holdings, LLC, a partnership managed by Torrington-based O&G Industries. The sale price was $1.32 million. The site is approved by the State of Connecticut Sitng Council for a 30 megawatt biomass power plant estimated to cost $110 million. Theroux represented both the buyer and seller.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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