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Bartholomew of R.W. Holmes handles 23,390 s/f industrial lease
July 7, 2023
Lancaster, MA R.W. Holmes has facilitated a new 23,390 s/f industrial lease. F&M Tool and Die, a highly experienced machine shop specializing in mold making, mold maintenance, and mold repair in central Massachusetts, has secured a lease for 851 Sterling Rd.
PLA! unveils lineup for summer networking event series
July 7, 2023
Boston, MA Professional Ladies Association (PLA!) Boston has presented an impressive summer networking event series. Following a highly successful year of events, PLA! is proud to bring back the “Sip & Swing” series which started in June. Additional dates include July 26th, and September 13th at Quincy’s renowned Granite Links Country Club.
Industrial: The mark to market investment strategy - by Harrison Klein
July 7, 2023
Why are institutions buying industrial buildings at extremely aggressive cap rates? It’s all about the opportunity to move the low in-place rents up to market. This is known as a “mark to market” opportunity. While office and retail rents generally sit at or above market, industrial rents are commonly 10%-50% below market.
NAI Glickman Kovago & Jacobs handles $775,000 land sale
July 7, 2023
Worcester, MA Pizzarella Irrevocable Trust recently sold a 4.5-acre lot to 1059 Grafton Street LLC, that will be improving it with a car wash, including 4,000 s/f of building and a 120 foot tunnel at 1059 Grafton St. Pizzarella Irrevocable Trust was represented by NAI Glickman Kovago & Jacobs vice president, Jeff Borus.
Kelleher and Pentore of Horvath & Tremblay broker $4 million sale
July 7, 2023
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of 268 & 278-280 Washington Ave., a 16-unit apartment building with a parking lot for $4 million. Kelleher and Pentore exclusively represented the seller, Hhc One Massasoit, LLC and procured the buyer, Broadway Capital.
Aho of Aho Properties completes three sales totaling $1.745 million
July 7, 2023
Fitchburg, MA Joel Aho, president of Aho Properties completed three deals recently. Aho represented ownership in the sale of a 7,200 s/f industrial/auto building on 0.39 acres at 41 Summit St. for $550,000. Aho also procured the buyer directly in an off-market transaction.
King Street Properties and Healthpeak Properties celebrate opening of 101 Cambridgepark Dr.
July 7, 2023
Cambridge, MA King Street Properties (King Street) and Healthpeak Properties celebrated the grand opening of its new life science facility at 101 Cambridgepark Dr. The 160,000 s/f laboratory property was developed by King Street in the premier life science cluster.
JLL arranges $750 million construction loan for first phase of Enterprise Research Campus - a 900,00...
July 7, 2023
Allston, MA JLL’s Capital Markets group has arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000 s/f, mixed-use development located near Harvard University. The $750 million loan represents one of the country’s largest construction loans closed year-to-date 2023.
Check out the New England Real
Estate Journals 60th Anniversary Spotlight!
June 30, 2023
Thank you to all our loyal subscribers, advertisers, and editorial contributors for your support over the last 60 years!
NEREJ’s 60th Anniversary: David Ellis, Ellis Realty Advisors
June 30, 2023
When did you discover the New England Real Estate Journal? I first became aware of the New England Real Estate Journal early in my career in commercial real estate – probably just as they were celebrating their 45th anniversary! It was a great resource then and has only continued to strengthen its offerings
NEREJ’s 60th Anniversary: Lou Antonellis, Local 103 IBEW
June 30, 2023
In what way has New England Real Estate Journal been a benefit to you and your business? New England Real Estate Journal (NEREJ) has been instrumental in promoting and supporting a wide range of initiatives undertaken by our union. This esteemed trade publication has played a crucial role in shedding light on the diverse missions of both IBEW 103 and NECA, encompassing our charitable endeavors, organizing efforts, and commitment to diversity, equity, and inclusion.
NEREJ’s 60th Anniversary: Kait Kingman, Haynes Group, Inc.
June 30, 2023
In what way has New England Real Estate Journal been a benefit to you and your business? It’s been a great way not only to showcase our firm but to showcase our clients, partners, and team. To us, people are the most important and we’ve been able to showcase everyone along the way.
NEREJ’s 60th Anniversary: Scott Pralinsky, Grow Associates
June 30, 2023
When did you discover the New England Real Estate Journal? We’re relative newcomers to the New England Real Estate Journal, being an organization that focuses on providing people of all abilities with opportunities. But in 2021, we purchased the building that we had been renting some space from
NEREJ’s 60th Anniversary: Jim Farrell, PRfirst
June 30, 2023
When did you discover the New England Real Estate Journal? As a former weekly newspaper publisher, I feel a special affinity for those who work in the newspaper industry, which has drastically changed over the years. New England Real Estate Journal, now 60 years strong,
NEREJ’s 60th Anniversary: Tracey Pelton, PROCON
June 30, 2023
When did you discover the New England Real Estate Journal? PROCON has been working with NEREJ since 1990’s and have been partnering with you on full page full color advertising and articles for over 30 years together.
NEREJ’s 60th Anniversary: Edward Jordan, Northeast Private Client Group
June 30, 2023
When did you discover the New England Real Estate Journal? 20 years ago! From my training as a real estate attorney, I entered the investment sales brokerage arena in 2003. NEREJ was then, and still is, the publication of record for our business in the region.
NEREJ’s 60th Anniversary: Robert Conrad, The Conrad Group
June 30, 2023
In what way has New England Real Estate Journal been a benefit to you and your business? It has been a great asset to our success.
NEREJ’s 60th Anniversary: Chris White, Road to Responsibility
June 30, 2023
When did you discover the New England Real Estate Journal? Although our organization focuses on supporting individuals with intellectual and developmental disabilities and helping them achieve full, rich, and rewarding lives, we have also been great fans of New England Real Estate Journal for the last several years.
NEREJ’s 60th Anniversary: Kerri Gallaway, A.W. Perry, Inc.
June 30, 2023
In what way has New England Real Estate Journal been a benefit to you and your business? NEREJ has been a reliable source of information on the real estate industry, from construction projects to articles on office and industrial leasing. Our team members have also enjoyed participating as a sponsor at the NEREJ’s Annual South of Boston Summit
NEREJ’s 60th Anniversary: Jay Connolly, Connolly Brothers
June 30, 2023
When did you discover the New England Real Estate Journal? The New England Real Estate Journal has been a staple in three of the five generations of our family business, dating back to NEREJ’s earliest days – so I couldn’t even say when I first discovered it, because it was just always around our office. My grandfather read it, my father read it, I read it, and who knows? Maybe someday my kids will read it, too.