News: Owners Developers & Managers

Elcock, Lynch, and O'Brien of Colliers International executes 2,638 s/f lease

American Bioanalytical, Inc. recently executed a new 2,638 s/f lease at 11 Huron Dr. located in the East Natick Industrial Park. The lease represents an expansion of office space for the firm, which is headquartered across the street in 10,000 s/f at 15 Erie Dr. Jim Elcock, Bill Lynch, and Tim O'Brien of Colliers International represented both American Bioanalytical and the landlord, Legacy Real Estate Ventures, in the transaction, which leased half of the vacancy at the site. Additional details of the lease transaction were not disclosed. Built in 1986, 11 Huron Dr. is a two-story, 30,000 s/f office/R&D building featuring abundant natural light, professionally landscaped grounds and an outdoor patio. The property is located close to Rte. 9, Rte. 30 and I-90. Recently purchased by Legacy Real Estate Ventures, 11 Huron Dr. has undergone substantial renovations including resurfacing the exterior skin of the building, installation of a new roof, a new cooling tower and extensive cosmetic improvements such as signage and furnishings. There is approximately 2,300 s/f remaining on the second floor to lease, featuring an expansive window line and a high level of finishes.
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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.
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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
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
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