News: Owners Developers & Managers

Development Associates signs New England Mechanical Services to 9,435 s/f

Palmer, MA Development Associates brokers a new lease with New England Mechanical Services (NEMS). In January, NEMS expanded its leased space from 4,150 s/f to 9,435 s/f at their Third St. location. NEMS offers single-source facilities services solutions including engineering, design, HVAC, energy, mechanical and electrical construction services and repair and maintenance for commercial real estate, financial, healthcare, technology, educational and industrial facilities.

Development Associates is a local, family owned business with an extensive reach into the regional real estate market. They bring over 50 years of development, construction and brokerage experience to their clients. The principals of Development Associates have been involved in the construction and development of a wide range of commercial and industrial real estate since 1955. Due to their long successful history, they have experience in providing customer solutions across all types of projects: automotive, medical, high tech, office, banks, hotels, child care, post office, manufacturing, distribution, educational, call center, and more. Properties that they’ve developed and manage range from a 1,200 s/f U.S. Post Office, to a 75,000 s/f high tech campus, to a 30,000 s/f medical office building, to a 190,000 s/f office complex.

MORE FROM Owners Developers & Managers

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

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