News: Connecticut

Vidal/Wettenstein brokers $2.5m sale of 459 Knowlton St., Bridgeport

Vidal/Wettenstein has brokered the sale of the Acme United Property located at 459 Knowlton St. for $2.5 million. The purchaser was B & E Juice, Inc., presently leasing space in Bridgeport at the former American Fabrics complex. Situated on more than 4.5 acres of land, the building was once part of a massive industrial complex that produced millions of scissors and other cutlery products. The original structures were demolished and what remains is a 38,000 s/f modern warehouse which will be used by B & E Juice. The company is a distributor of beverages including such national brands as Snapple and Orangina. Bruce Wettenstein, SIOR and partner with Vidal/Wettenstein brokered the sale for both parties. Legal counsel for Acme United was Barbara Miller and Jim Rice of Brody Wilkinson of Southport, and for the purchaser, Kelly Molloy of Robinson & Cole, Stamford.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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