Haverhill, MA Dacon Corporation has completed the 135,000 s/f New England facility for Edwards Vacuum, a designer and manufacturer of advanced technology parts used in the semiconductor, power, renewable energy, scientific R&D markets, analytical instrument manufacturers, chemical and food processing industries.
While demand for industrial warehouse and distribution space is not expected to match the record-setting highs seen over the past two years, it will likely keep up with supply as vacancy rates are expected to remain low throughout 2023. Higher interest rates may affect some developers and end-users that would otherwise be looking to expand causing
Writing these articles for the
New England Real Estate Journal is fun because it keeps me focused on what is happening not only in Boston but also around New England. I have been working transactions around the northeast over the last couple years and I’ve been seeing some commonalities across the greater New England economic landscape
Portland, ME MAG Capital Partners, LLC acquired a 60,000 s/f lobster processing facility in coastal southern Maine, in a private, off-market sale leaseback transaction.
I have to feel bad for all those Massachusetts ‘migrants’ who escaped Boston for the warm climes of Florida. It’s not an illusion, the sun seems to be appearing more frequently and the snow never came. This winter’s incredible record-breaking lack of snowfall has been a blessing to the restaurant trade and the pocketbooks of everyone in one way or another
2022 was a very busy and successful year for the brokerage division of NAI Plotkin. Suburban markets around Springfield, Mass., including Ludlow, Chicopee, West Springfield, and Westfield, as well as Enfield, Conn., have been particularly busy.
Westfield, MA Vice president Jason Curtis has been appointed as Tighe & Bond’s building services business line leader. Curtis is a registered Professional Engineer in several states and a LEED Accredited Professional.
Springfield, MA The Mass DOT closed on the 7.8 acre parcel at 255 & 331 Liberty St. for $2.4 million. The property is two blocks from Union Station and abuts the CSX rail. This is part of the plan to improve service
Since the start of 2021, the Greater Springfield industrial market has experienced consistent growth in recent quarters, though future growth is limited by the lack of quality inventory. Rents were steadily increasing through Q4 2022, with a range between $4.33 and $5.95 per s/f triple net (NNN) as availability has continued to decrease.
Internal Revenue Code (IRC) Section 1031 allows a property owner, who holds property for “the productive use in a trade or business or for investment” to defer paying capital gains taxes if the property owner sells such property, identifies “like kind” property within 45 days of the sale, and acquires “like kind” property within 180 days of the sale.
