Tognacci and Rosen of Phoenix Commercial handle $4 million sale
Phoenix Commercial Real Estate LLC has sold 354 Waverly St., Rte. 135, to Edward M. Kennedy Community Health Center (EMCHC), formerly known as the Great Brook Valley Community Health Center. The 27,033 s/f office building on 1.9 acres will allow EMCHC to merge its two existing downtown facilities into one larger, expandable location that is easily accessible by public transportation. The purchase price for this property was $4 million.
David Tognacci of Phoenix represented the seller, Chestnut Properties, Inc. Mark Rosen of Phoenix introduced EMCHC to the property.
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