Wight & Company completes three leases totaling 49,269 s/f in Boston
Wight & Company, Inc. has negotiated the following three lease transactions totaling 49,269 s/f at 10 Milk St. /294 Washington St. SmartBargains has leased 20,271 s/f, Optaros Inc. has signed a lease for 12,616 s/f and Lawyers Weekly has signed a lease for 16,382 s/f.
Lawyers Weekly, who signed a 10-year lease, was represented by Staubach brokers Ted Wheatley and Larry Garner. SmartBargains, who was represented by Ted Lyons of FHO Partners, was both a renewal and relocation of its operations. Optaros, Inc., who signed a five-year lease, was represented by Jeff Gates and Patrick Buckley of Meredith & Grew.
Built in 1903 and recently renovated, 10 Milk boasts an award winning lobby design and many other architectural characteristics. 10 Milk St. is in close to many city, state and federal buildings as well as public transportation and downtown shopping.
Wight & Company acts as investment advisor and asset manager for East-West Enterprises and Oasis Development and manages its portfolio of over 2 million s/f.
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