Category: Owners Developers & Managers

Ipswich, MA Nordlund Associates has completed the sale of 56 Mitchell Rd. This 11,425 s/f industrial facility is situated on 1.58 acres.  The property sold for $2.1 million which equates to $184 per s/f.

Boston, MA Gail Murray was installed as an Accredited Residential Manager (ARM) of the Institute of Real Estate Management (IREM) during the Boston Economic Forecast Luncheon held at Granite Links Golf Club.

Shelton, CT According to Northeast Private Client Group (NEPCG), the firm had strong Q1 results, with gross sales closing at over $274 million despite concerns of softening in the commercial real estate market. Despite challenges faced by the industry, NEPCG continues to lead the way in investment sales, demonstrating its commitment to delivering the highest level of service to its clients. The firm’s success is a testament to its team’s expertise,

Norwalk, CT After completing over 100,000 s/f of leases over the past 12 months, Merritt 7 Corporate Park will soon begin work on a new fitness center and conference center, the latest amenity upgrades at the 6-buliding, 1.4 million s/f property

Braintree, MA The Conrad Group, in conjunction with McPherson Corp., has leased 11,728 s/f of office space at 100 Grandview Rd. The building is a four-story first-class office building overlooking Rte. 128. The new tenant is Braintree Labs, a division of Sebela Pharmaceuticals. The building will serve as Braintree Labs corporate headquarters.

With rising interest rates, inflation and escalating concerns about raising and borrowing funds, these are challenging times for life science tenants and their landlords. However, even in this environment, the decommissioning of lab space and securing a “Clean Certificate” at yield-up or upon subleasing or assignment must not be overlooked.

Boxborough, MA Product Insight, Inc. will move its headquarters from 1 Post Office Sq. in Acton to 80 Central St. The 375,000 s/f Tech Central campus is located 30 miles northwest of Boston.

East Boston, MA RISE, a local Boston-based minority-owned construction and development firm, has completed their new boutique residential condominium community located at 238 Webster St.

During my 25 years in this industry, it’s been commonplace to see the subject of security placed on the back burner by property managers, owners and board members in lieu of what are perceived as more pressing property issues. When it is addressed, it’s often narrowly defined

Boston, MA A.W. Perry, a real estate investment and services firm with offices in Boston and Hingham, has appointed Tim Nguyen to chief financial officer and controller of the firm.

Let’s start with the positive. The first quarter of 2023 has proven to be a strong continuation of the hotel recovery in New England and across the country. With the Omicron surge in December 2021, New Year’s plans were cancelled and business and leisure travel plunged in January and February 2022. Fortunately, in Q1 2023, we saw a recovery from this and much stronger demand with Revenue Per Available Room (RevPAR) up 21.5%

Plainville, CT Plainville Martial Arts has purchased 240 East St., a 5,400 s/f multi-tenant medical building located on 0.96 acres. Christian Dietz and Phil Gagnon of Colliers International