 (1).png)
News:
Owners Developers & Managers
Posted: March 1, 2024
Capital Group Properties receives approval for 67,500 s/f industrial building
Leominster, MA Capital Group Properties has received full site plan approval for a proposed 67,500 s/f industrial building to be located at 21 Jungle Rd. Capital Group Properties anticipates delivery late in the fourth quarter of 2024.
The planning board approved the site plan following a public hearing held earlier this month for the 5.5-acre property located in the town’s multi-use 1 zoning district.
Pre-leasing is currently underway for the class A warehouse/distribution building with 32-foot clear height, subdividable to approximately 5,000 - 67,500 s/f. The site plan includes 16 loading docks and 64 parking spaces to support user operations.
Located at the I-190 and Rte. 117 interchange, one mile south of Rte. 2, the development benefits from a convenient location just north of Worcester and northwest of Boston and adjacent to national retailers including Lowe’s, Walmart, and Tractor Supply Company.
The building will offer new first-class industrial space with a premier location to mid-size industrial users.
MORE FROM Owners Developers & Managers
Routine Properties acquires Bristol Business Park at 383 Middle St. - 406,665 s/f industrial campus
Bristol, CT Routine Properties, a boutique real estate development and investment firm specializing in industrial assets throughout the Northeast, has acquired the Bristol Business Park, a 406,665 s/f industrial campus located at 383 Middle St.
.png)
 (1).png)
Columns and Thought Leadership
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
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
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
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