News: Front Section
Posted: December 30, 2016
What was your greatest professional accomplishment in 2016? - Steven King of Quonset Development Corp.
Steven King, Quonset Development Corp.2016 was another extremely successful year of growth at Quonset Business Park. Rhode Islanders overwhelmingly approved Question 5 on the ballot to invest in the success of the Port of Davisville with a $50 million bond to support the General Assembly and governor Gina Raimondo’s $90 million modernization plan for Pier 2 at the Port. We announced the approval of a 50 year lease with Finlays for a two-phase 93,000 s/f research and manufacturing facility at the park.
Finlays is a global leader in tea and coffee extracts, and in 2014 the company purchased Autocrat LLC of Lincoln, an iconic Rhode Island company. We saw the opening of the new J. Goodison Shipyard, which has invested more than $9 million to expand its operations at the Park. There are also several construction projects underway, including: Toray Plastics’ expansion, Gateway Offices phase 3, West Davisville Industrial Condos phase 2, Bella Energy Solar, and R.I. Air National Guard Flight Simulator, just to name a few.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Quick Hits
Columns and Thought Leadership
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The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in