Category: Owners Developers & Managers

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.

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.

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.

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.

Willamette Management Associates, a Citizens company, adds new Boston office - names Bello as managi...

July 7, 2023

Boston, MA According to Willamette Management Associates, a Citizens company, Marc Bello has joined the firm as a managing director. He will lead Willamette’s new Boston office. Bello’s professional expertise centers in the areas of business valuation, forensic accounting and financial consulting services dealing with complex compensation and taxation issues.

Stonegate Group and Nauset Construction <br> break ground on mixed-use development

Stonegate Group and Nauset Construction
break ground on mixed-use development

July 7, 2023

Natick, MA Stonegate Group and Nauset Construction broke ground on the Stonegate St. Patrick redevelopment, a mixed-use project at the site of the former St. Patrick’s School that will deliver 46 apartments with 14,000 s/f of ground-floor restaurant and retail space with four additional two-family townhomes. Located at 45 E. Central St.,

Greystar Real Estate Partners welcomes first residents to Mason

July 7, 2023

Everett, MA Greystar Real Estate Partners, LLC (Greystar) welcomed the first move-ins at Mason, a newly constructed residential community in the Commercial Triangle District of the city. Designed to impress by CBT Architects, Mason blends natural beauty with an industrial edge. Residents will enjoy modern amenities and dedicated work areas in a rising neighborhood

Syska Hennessy broadens Boston office capabilities with four key hires

July 7, 2023

Boston, MA The Boston office of Syska Hennessy Group has added four specialists to enhance local capabilities in life sciences, sustainability, data centers, and power systems, according to Andrew Krenning, associate partner and leader of the local office.

PROCON and Kraft Group hold ribbon-cutting for Rand-Whitney’s and Unified Global Packaging Group�...

July 7, 2023

Boylston, MA A project nearly two decades in the making finally came to fruition with a ribbon-cutting ceremony for Rand-Whitney’s new packaging facility. The new 384,000 s/f facility has 32 shipping bays, 100,000 s/f of storage capabilities and a new equipment BHS Corrugator which produces eight million s/f daily.

Electric Supply Center names Girouard as director of business development

July 7, 2023

Burlington, MA Electric Supply Center (ESC), the industry leader in the electrical distribution in the New England region, has named James Girouard as the new director of business development. With a remarkable entrepreneurial journey and a proven track record of driving business growth, Girouard brings a wealth of experience and expertise to ESC’s expanding team.

Calare Properties develops 125,000 s/f industrial facility - ARCO National Construction serves as ge...

July 7, 2023

Saco, ME Calare Properties (Calare) celebrates the completion of 45 Industrial Park Rd., a class A warehouse/logistics development. The nearly 125,000 s/f facility will serve as a key distribution hub for a globally recognized snack food manufacturer. Project costs were not disclosed.

Coulombe joins New England Heritage Properties as vice president

July 7, 2023

Lowell, MA New England Heritage Properties, a family-owned property management company, has hired Derek Coulombe as vice president of acquisitions. In his role, Coulombe will strengthen and advance Heritage Properties’ investment capabilities, identifying and structuring new multi-family acquisition and development opportunities.