News: Owners Developers & Managers

Brady Sullivan Properties completes 4,384 s/f lease to Community Integrated Services

Brady Sullivan Properties has completed a lease transaction with Community Integrated Services (CIS) at 250 Commercial St., the Waumbec Mill. CIS will occupy 4,384 s/f on the ground floor of the Waumbec Mill. The Waumbec Mill has consistently seen occupancy at or above 90% for the past five years and is continuing to see new activity. The total building contains 450,000 s/f of class A mill space. Benjamin Kelley worked to complete the deal on behalf of Brady Sullivan Props. while Ron Fredette of KW Commercial represented the tenant. Brady Sullivan has also sold another unit at Vantage Point in Nashua, leaving only 3 developer units remaining in this 32 unit mixed use complex. Unit 14 which was sold to an end user consisting of 2,647 s/f was sold for $197,500. The Vantage Point complex represents an excellent opportunity for industrial, mixed-use and retail users as the property is located directly off of 101-A.
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WinnCompanies acquires 290-unit housing property - begins $41.5 million rehabilitation

Chicopee, MA WinnCompanies has acquired a 290-unit affordable housing property in western Massachusetts in a deal that renews the community’s expiring affordability protections and kicks off a $41.5 million rehabilitation to address significant deferred maintenance.
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Columns and Thought Leadership
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant