The fact that more companies and investors are expanding and purchasing property at Franklin industrial parks has town leaders hoping that a rough period for commercial and industrial real estate is ending.
Town Administrator Jeffrey Nutting said the number of “for lease” signs has been coming down gradually as tenants have been scooping up space in recent months.
“I think they've just started slowly and quietly started to fill back up without a lot of fanfare,” he said.
Four Central Massachusetts firms have been named winners of economic impact awards, given annually by MassEcon, a nonprofit that helps promote business growth in the commonwealth.
After nearly 10 years on the job, the president and CEO of the Milford Area Chamber of Commerce (MACC) will leave the post at the end of this year.
A statement from the chamber said its board recently accepted the resignation of Barry Feingold, who is returning to Peru to take a job as a vice president of Bevintel, an international hospitality profit management firm.
CTI Towers, Inc. of Franklin purchased five wireless communication towers and secured up to $30 million in debt financing, the company announced Wednesday.
Boston-based Novaya Real Estate Ventures has purchased two fully-leased Franklin industrial buildings for a combined $11 million, according to the broker, Richards Barry Joyce & Partners (RBJ) of Boston.
Saint Vincent Hospital and Unum in Worcester, as well as Saint-Gobain's operations in Devens, have been selected as Central Massachusetts finalists in MassEcon's 2013 Team Massachusetts Economic Impact Awards.
When it comes to demand for rental housing, as Boston goes, so goes MetroWest, and developers are planning new apartment complexes throughout the region to take advantage of a rental boom.
KWL Inc., an international shipping company with operations in Franklin, has purchased a new facility on Liberty Way in conjunction with an Arizona-based logistics firm, according to the registry of deeds.