5 Key Factors to Consider When Choosing a Commercial Real Estate Location
When it comes to choosing a location for your commercial real estate investment, there are several key factors to consider. Here are five of the most important ones.
The Importance of Sustainability in Commercial Real Estate
Sustainability is becoming an increasingly important factor in the commercial real estate industry, as businesses and investors recognize the importance of reducing their environmental impact and promoting long-term sustainability. Here are a few reasons why sustainability is so important in the world of commercial real estate.
Medical Alert Firm Leases Final Space In Marlborough Healthcare Office Complex
Worcester Business Journal
Framingham-based medical alert company, Lifeline Systems Co., has leased 40,000 square feet of office space at 200 Donald Lynch Blvd. in Marlborough. Philip DeSimone, Andrew Sherman, and Brian Johnson of Worcester’s Kelleher and Sadowsky represented the lessor.
Worcester Dentist Expands Medical Real Estate Portfolio With $9M Worcester Surgical Center Purchase
Worcester Business Journal
The site of the Worcester Surgical Center at 300 Grove St. has sold for $9 million to a local orthodontist and entrepreneur Sam Alkhoury. The site will remain as medical offices, said Drew Higgins of Kelleher & Sadowsky.
Following $2M Sale, Leicester Property to Become 45-Dock Warehouse
Worcester Business Journal
A 267,000-square-foot Class A warehouse will be constructed on a plot of land at 90 Huntoon Memorial Highway in Leicester. The site is under construction with completion expected in April.
Boston Construction Firm Buys Lot for Contractor’s Yard in Northborough for $2M
Worcester Business Journal
Robert J. Devereaux Corp., a Boston-based utility contractor, has purchased a 6.7-acre lot and industrial building in Northborough for just under $2 million. The deal was brokered by Brian Johnson and Drew Higgins of Kelleher & Sadowsky, representing the buyer and A. Murray Real Estate, representing the seller.
North Colony Asset Management and Paradigm Properties Purchase 111 Speen St. Office Building for $13 million
New England Real Estate Journal
According to Paradigm Properties, the company along with North Colony Asset Management have completed the purchase of 111 Speen St. Phil DeSimone, Andrew Sherman, Todd Alexander, and Ross Miner of Kelleher & Sadowsky have been retained to provide leasing services to recruit tenants across a variety of industry segments.
Final CitySquare Parcels, Including Former Notre Dame Church Site, Sell For $5M
Worcester Business Journal
The final two vacant parcels in downtown Worcester’s CitySquare development, including the site of the demolished Notre Dame church, sold for $5 million to a Rhode Island residential developer, according to the Worcester South District Registry of Deeds.
VNA Care Sells Worcester Office To Neighboring Real Estate Firm for $2.7M
Worcester Business Journal
VNA Care Network Foundation, Inc. has sold its Worcester building on Thomas Street to First American Realty, Inc. , a Worcester-based real estate firm which abuts the VNA Care’s former office. William Kelleher, a principal at Worcester-based Kelleher & Sadowsky Associates, Inc. brokered the deal.
As Life Sciences Industry in Worcester Grows, Panel Says City Needs More Space For Lab
Worcester Telegram
While there was once little demand for lab space to build the life sciences industry in Worcester, a panel of real estate and life sciences professionals say that the city now has to think about creating more space for a burgeoning industry. The panelists included James G. Umphrey, principal at Kelleher & Sadowsky…