News: Owners Developers & Managers

CBRE represents Omni Logistics and Clarion Ptrs. in 115,822 s/f

Billerica, MA According to CBRE, Omni Logistics leased 115,822 s/f of high-bay warehouse space at 90 Salem Rd., located in Billerica Commerce Center. CBRE’s David Corkery, Steve Clancy, Rachel Marks and other members of CBRE Boston Consulting represented the tenant, Omni Logistics, and the landlord, Clarion Partners.

“In a tight real estate market, Omni Logistics was able to secure a long-term home that provides for growth and expansion in an important market area,” said CBRE’s Corkery.

Founded in 1983, Omni Logistics is a global third-party logistics provider specializing in temperature?controlled warehouses, turnkey staffing and global shipping solutions. Their clients range from small start-ups to global companies.

Located on 62 acres, 90 Salem Rd. was built in 1982 and was renovated in 2007. The building is 612,685 s/f and includes 17 loading docks, six drive-in doors and rail service. 90 Salem Rd. is located three miles from Rte. 3 and I-495, and is 20 miles northwest of Boston. The facility is now 100% occupied.

MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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