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Walkable living is all the rage today and when combined with multifamily close to workplaces and retail, a project just off Highway 101 at Fair Oaks Avenue accomplishes a three-fer.
Universities often want their new structure to adopt the same style as the existing buildings while still looking like a new facility—a tough task for architects on these projects, Snyder Langston's Jason Rich tells GlobeSt.com.
Empire State Development also reported on Wednesday that it was providing an additional $18 million in incentives for the project, bringing the state's total commitment to more than $25 million for the venture.
The Brookwood Business Center traded for approximately $40 million, according to public records. Brookwood Financial acquired the former Billerica Business Center in 2010 for $15 million in foreclosure proceedings.
Brokers are more likely than investors to predict that investment sales activity will increase for industrial, according to a Real Capital Markets/SIOR study.