News: Owners Developers & Managers

Stevens of The Stevens Group represents Trico USA in $3.75 million bldg. purchase

Trico USA has purchase a 60,000 s/f industrial building located at 99 Atkinson St. in the Newmarket Sq. area. The building, formerly owned by the Greater Boston Food Bank, was purchased for $3.75 million. The property is located adjacent to Trico's existing 70,000 s/f building at 120 Southampton St. The purchase demonstrates Trico's long term commitment and confidence in the Newmarket area as a viable business location within the city. Mark Stevens, principal of The Stevens Group, represented Trico in the acquisition, providing real estate advisory services, assisting them in identifying viable options, and negotiating the terms of the transaction. The Food Bank was represented by Steve Murphy of CB Richard Ellis. Trico, which has been in the Newmarket location for 10 years, will be consolidating two other operations into the Atkinson St. building. According to Trico's president, Gary Wong, Food Pak Express, a division of Trico USA, will occupy the building when renovations are complete. Food Pak Express is an importer, manufacturer and wholesaler of food products from around the world, supplying restaurants, grocery stores, and caterers throughout the Greater Boston area. In addition, they also carry a complete line of kitchen equipment and restaurant furniture and fixtures. The Stevens Group is a commercial real estate advisory firm located in Boston, specializing in exclusively representing companies in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is a member/partner of the International Tenant Representative Alliance (ITRA) with offices in major cities around the world.
MORE FROM Owners Developers & Managers

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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

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
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