News: Rhode Island

Wall and Anderson of CBRE/New England lease 50,000 s/f to Quick Fitting: The Koffler Group is landlord of site in National Technology Business Park

CBRE/New England negotiated a new lease at 30 Plan Way. Quick Fitting, Inc., a manufacturer and supplier of push-to-connect fittings used in plumbing, heating and irrigation applications, will relocate their headquarters to 50,000 s/f in the building. They have exclusive rights to expand into the remaining square footage in the building for the next 12 months. "We are very pleased that Rhode Island will be the home of push connection technology." said David Crompton, president and CEO of Quick Fitting. "We anticipate we will continue to hire new employees at a hyper rate, as rapid increases in our sales create new career opportunities for our fellow Rhode Islanders." CBRE/NE's Michael Wall, vice president, represented the tenant in the deal. The Koffler Group, landlord at 30 Plan Way, was represented by CBRE/NE senior vice president and artner, Alden Anderson, Jr. "Quick Fitting Manufacturing chose the perfect place to relocate their headquarters," said Wall. "30 Plan Way offered a first class facility that met all their immediate needs and gives them the flexibility to expand as the business grows." 30 Plan Way is a one-story, 99,980 s/f building. Located in the National Technology Business Park, the property is accessible from Jefferson Blvd., I-95 and T.F. Green Airport. The building contains a mix of office and manufacturing space and offers ample on-site parking.
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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