Vesper Realty Advisors leases 46,000 s/f warehouse space and 58,000 s/f of land
Philip Moses, Benjamin Sutton and Brett Wagner of Vesper Realty Advisors represented the Charlestown Maritime Center's 221,000 s/f property at 200 Terminal St.
In one of Boston's largest industrial leases, Vesper Realty Advisors has leased over 46,000 s/f of industrial warehouse space and 58,000 s/f of land to Save That Stuff, Inc. at the Charlestown Maritime Center. Save That Stuff, represented by Bob Newis of Newis Real Estate, moved from 100 Terminal St. to establish its new headquarters and base of operations.
Save That Stuff, Inc., founded in 1990, has been continuously growing into one of the leading recycling companies in Greater Boston. Clients include Reebok, Beth Israel Deaconess Hospital, and Harvard University. The operation at the Charlestown site is efficiently operated, with shipments received by truck, then sent out by ship overseas.
The Charlestown Maritime Center, an affiliate of The Suffolk Company, is one of Boston's largest remaining privately held harbor front parcels. The 200 Terminal St. facility's 221,000 s/f is situated on over nine acres of land with easy access to the highways and has high visibility. Located less than 400 yards from the Charlestown Navy Yard, CMC's deep-water port abuts the Mystic Tobin Bridge and over 70 acres of Massport land, has modern fully operating deep water berth with five 80 ft. silos and loaders and over 600 linear ft. of Boston harbor front. 3 interstate ramps and downtown Boston are less than 1.2 miles away.
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