News: Owners Developers & Managers

Compass Facility Services purchases 5,250 s/f industrial building for $515,000

Compass Facility Services recently purchased a 5,250 s/f free standing industrial building at 65 Jackman St. for $515,000. The free standing building will afford Compass Facility Services the administrative and warehouse space they need to grow. The property is situated on 2.38 acres which offers room for future expansion. Chris Everest and Michael Allen of Nordlund Associates, Inc. represented the buyer, Ceili Realty Trust and Paul Consoli of Prudential represented the seller. Compass Facility Services is a janitorial contractor providing professional janitorial services in New England. Compass serves businesses and facilities of all sizes in Massachusetts, Hartford, Providence and communities throughout the region. Nordlund Associates, Inc. is a full service commercial real estate firm serving Tenants, Landlords and investors by facilitating acquisition and/or divestiture of properties through traditional and innovative strategies. We attribute our success to our knowledge, expertise, personalized service and entrepreneurial values. Creative solutions, adjustments and decisions are made on the go.
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BGO and Seyon complete acquisition of a 134,413 s/f industrial portfolio

Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
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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
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
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
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