Redgate, North River Join Forces for 108K SF of Industrial in Worcester
Boston-based Redgate and partner North River Company have acquired 108,000 square feet of industrial space in Worcester, MA. The building at 301 Barber Avenue features office in addition to warehouse office space and is currently fully leased.
“The Worcester market is strong and economic tailwinds will continue to drive outsized industrial activity,” said Redgate executive VP Reid Joseph. “We believe in the relative value of the acquisition within this submarket, and we look to be increasingly active within the greater Worcester industrial space.”
New York-based NRC has one million square feet of laboratory, industrial and residential product in development in MA and in total owns more than four million square feet of mixed-use properties and over 300 acres of ground-up development across CA, CO, CT, MA, MD, MR, NY, RI and VT.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.