Albert Phelps, managing and leasing agent for Merritt 7 Corporate Park has earned the U.S. Environmental Protection Agency's (EPA) Energy Star award, the national symbol for protecting the environment through superior energy performance.
Merritt 7 is one of the only office parks in the state to have earned the Energy Star label for energy efficiency and environmental performance.
Merritt 7 received Energy Star recognition for Buildings 201, 301 and 401, three of six buildings that make up the 1.4 million s/f office complex. By earning the Energy Star, Merritt 7 is using approximately 35% less energy than average buildings, while still providing quality service and comfort to its tenants.
Through a collaborative effort between Phelps, and ING Clarion, the property owner/asset manager, numerous actions were taken over a several year period to make the buildings more energy efficient.
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