Rhode Island’s commercial real estate market is shifting in line with national trends, though local dynamics reveal both opportunity and constraint. Office tenants are more selective, experiential retail is expanding, capital remains tight but shows
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.
Westbrook, CT Ron Lyman, CCIM, CEO of Lyman Real Estate Brokerage & Development completed the sale of the property at 1430 Boston Post Rd. The former site of the Stork Exchange was purchased by Dr. Caleb P. Peck, Psy.D.,
Framingham, MA Jon Gordon of Gordon Real Estate brokered two transactions in the month of September totaling $3.95 million in total sales. The sale of 420 Lakeside Avenue, Marlborough, MA for $2.8 million included 14 of 15 condominium units representing 92.6% of the building. The property is a four-story, 32,770 s/f office building
Bridgeport, CT The Connecticut Metropolitan Council of Governments (MetroCOG), has renewed its lease, and expanded their space at 1000 Lafayette Blvd. The company has expanded their existing space to a total of 4,248 s/f of offices.
Littleton, MA Bret O’Brien of Greater Boston Commercial Properties, Inc. completed two lease deals totaling 13,279 s/f of office space in the Rte. 2 market. O’Brien represented KINISI Physical Therapy
Windham, CT O,R&L Commercial has completed the sale of 730 Windham Rd. for $1.75 million. The seller, RYBRM, LLC, sold the building to Bargain Molding, who is expanding their business. The buyer, Bargain Molding, who owns multiple locations in New York, purchased the 90,000 s/f property for the expansion of their company into the state.
Branford, CT Kristin Geenty of The Geenty Group, Realtors has completed two significant multi-year office leases on behalf of Massey Properties. Geenty represented Massey Properties in the lease of 2,200 s/f at 764 East Main St. to Simura Design LLC, owned by Kasia Lussier. Dan Lussier of eXp Realty represented the tenant in negotiating the three-year lease.
Norwalk, CT A 3,000 s/f office condominium at 85 Washington St., Unit 1F, has been sold for $900,000. The transaction was handled by Scott Peterson and Charlene O’Connell, both vice presidents at Choyce Peterson, Inc. Hondo Holdings acquired the property from Orange Spaces, LLC.
Wakefield, MA Erland Construction, in partnership with Margulies Perruzzi Architects, has completed the renovation of the cafe at 601 Edgewater Dr., a 155,000 s/f, five-story office building that is part of The Edge Campus, for Hobbs Brook Real Estate (HBRE). The updated space offers a modern, welcoming environment
Beverly, MA After more than four decades in downtown Salem, Cabot Wealth Management Inc. moved its headquarters to a custom-designed corner suite at Dunham Ridge business and innovation campus.
Old Saybrook, CT The Geenty Group, Realtors made known that Kevin Geenty and Kristin Geenty, SIOR represented landlord Mill Meadow Development in the lease of 9,413 s/f of office space at 20 Research Pkwy. in a five-year lease. Scott Nardozi of Cavanaugh & Co. represented the tenant, All 4 Promos, Inc.