News:
Brokerage
Posted: October 3, 2025
Soley of CORE and Baumann of Compass
sell 134,000 s/f 22-48 Spiller Dr. for $13 million
Westbrook, ME CORE negotiated the sale of 22-48 Spiller Dr. for $13 million. Spiller Drive LLC was the seller and Nrti Spiller Drive LLC was the buyer.
The site encompasses 134,000 s/f across two buildings and is the home to Sigco, an anchor tenant located at 48 Spiller Dr. As a leading architectural glass and metal fabricator and distributor in New England, Sigco has a manufacturing plant in this location. Sigco is a subsidiary of Oldcastle BuildingEnvelope (OBE), one of North America’s leading vertically integrated manufacturers, fabricators and distributors of architectural hardware, glass, and glazing systems.
Josh Soley of CORE and Steve Baumann at Compass Commercial Brokers represented the seller and TC Haffenreffer of The Dunham Group represented the buyer.
“We were thrilled to collaborate with TC Haffenreffer on this disposition,” said Soley. “This is a prime site with convenient access to major highways. The buyers were excellent to work with, and we wish them the best of luck.”
MORE FROM Brokerage
RapDev leases 17,587 s/f at 501 Boylston St. - lease brokered by JLL
Boston, MA RapDev, a leading software-engineering and DevOps consultancy, has leased 17,587 s/f at 501 Boylston St. in the city’s Back Bay. The company moved into the new space this summer, consolidating operations onto a single floor to accommodate growth and create a workplace that reflects its collaborative culture.
.png)
Columns and Thought Leadership
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.
Retail / tariffs / uncertainty and (still) opportunity - Carol Todreas
As new tariffs continue to impact the global economy, retail businesses and investors are grappling with heightened uncertainty. From new high tariffs to supply chain issues to evolving consumer behaviors, continual changes are making it as or more challenging than the pandemic years. Yet, amidst this turbulence,
Newbury Street: Boston’s timeless retail gem thrives in a modern era - by Joseph Aquino
Boston’s iconic Newbury St. continues to thrive as one of the most vibrant and compelling retail corridors in the United States. Nestled in the heart of the Back Bay, this historic St. has evolved into a powerhouse of high-St. retail, where luxury meets lifestyle and legacy brands coexist with up-and-coming names. With its European charm, diverse architecture, and unmatched foot traffic, Newbury St. remains a dynamic reflection of Boston’s energy, culture, and economic strength.
End of the year retail thoughts - by Carol Todreas
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
