Local Investors Add 60,000 sq ft Ludlow Building to Portfolio

Development Associates, a longtime regional commercial real estate firm, working with affiliated investor Taxiway LLC, has brokered the purchase of 84 Westover Road in Ludlow’s Westover Airpark East. The 60,000 sq ft facility, former home of Horizon Beverage, is strategically located near the MA Pike/I-291 interchange and is now being offered for lease by Development Associates.   John Reed of CBRE Hartford represented the seller in the transaction.

Development Associates Leases Property in South Deerfield, MA to PT&C Forensics, Inc.

Development Associates of Agawam, MA announces the completion of a 6,960 sf lease at 14 Industrial Drive East in South Deerfield, MA. Ken Vincunas represented the Landlord while Susan Renfrew of Renfrew Real Estate of Greenfield, MA was the broker for the tenant, PT&C/LWG Forensic Consulting Services.

The tenant, PT&C, addresses the growing demand by insurance claims, and legal professionals, for a global, multi-disciplinary and highly-skilled forensic engineering partner. PT&C’s depth of experience managing fire and explosion investigations and civil/structural engineering incidents complemented by LWG’s core capabilities in electrical, mechanical and energy equipment losses creates a market-leading forensic engineering platform offering the comprehensive array of services to the insurance and legal communities.

Development Associates Negotiates New Lease with New England Mechanical Services

Development Associates of Agawam, MA brokers a new lease with New England Mechanical Services, a tenant since 1986, in Palmer, MA.

In January 2016, New England Mechanical Services expanded it’s leased space from 4,150 sf to 9,435 sf at their Third Street location.

New England Mechanical Services offers single-source facilities services solutions including engineering, design, HVAC, energy, mechanical and electrical construction services and repair and maintenance for commercial real estate, financial, healthcare, technology, educational and industrial facilities.

Agilent Technologies Acquires Seahorse BioScience; Renews Lease in Chicopee, MA

Agilent Technologies has acquired Seahorse BioScience, a leader in providing instruments and assay kits for measuring cell metabolism and bioenergetics.  Agilent is a global leader in life sciences, diagnostics and applied chemical markets and is the premier laboratory partner for a better world.  Agilent Technologies works with customers in more than 100 countries, providing instruments, software, services and consumables for the entire laboratory workflow process.

Development Associates of Agawam, MA represented the Landlord to negotiate a new lease with Agilent Technologies for the 30,000 sf specialized space that Seahorse BioScience has occupied since 2006.

Clarion Hotel & Conference Center in Northampton is Demolished

We would like to announce that demolition of the Clarion Hotel and Conference Center located at 1 Atwood Drive in Northampton will begin on Thursday, July 28, 2016 to make way for a new 60,000 sf medical/office facility slated to begin construction later this year. The Clarion Hotel, formerly the Colonial Hilton, was in business for 47 years and recently closed it’s doors on November 16, 2015.

Development Associates of Agawam, MA, is currently working to secure the anchor tenant for the property and expects to have a commitment soon. Pre-leasing opportunities from 2,500 – 20,000 sf are now available for projected Fall 2017 occupancy. This next building at the I-91 Professional Center development will add to the 70,000 sf of Class A medical/professional office space recently built on Atwood Drive.

The I-91 Professional Office Center along with the upcoming construction of Phase 3 is developed, managed and leased by Development Associates. The principles of Development Associates have been involved with the development and construction of hundreds of buildings, including build-to-suit projects from 1,200 to 200,000 sf, for over 50 years. They currently manage over 2 million square feet of quality properties from New Haven, CT to Greenfield, MA.

According to Ken Vincunas, one of the principles of Development Associates, “The development of the Northampton I-91 Professional Center has been extremely successful to date. With the development of 8 and 22 Atwood Drive, we have provided custom-built quality spaces for tenants such as Cooley Dickinson Health Care Corporation, Clinical & Support Options, Inc. and New England Dermatology. We look forward to satisfying the needs of additional regional and national clients as we turn to the next exciting phase of this development project.”

Development Associates Co-Brokers Purchase of 80,000 sf Industrial Facility

Development Associates of Agawam, MA has co-brokered the purchase of the former Dow Jones mail facility with the seller’s agents: Doug MacMillan of MacMillan & Sons of Springfield, MA and the Fischer Co. of Dallas, TX. The property, known as 102 First Avenue in Chicopee, MA, is strategically located at the intersection of I-90 (MA Turnpike) and I-291.

The 80,040 sf building, which is now available for lease, is ideal for manufacturing/distribution/warehouse. The facility features 5 dock doors along with a recessed side-loading dock, finished offices, open space area, and a large warehouse with plenty of on-site parking.

Development Associates secured the financing for one of it’s affiliated investor groups through their relationship with Chicopee Savings Bank.

Development Associates, a commercial real estate development company, has added this property to its property management portfolio of over 2,000,000 sf of commercial real estate in Northern CT and MA.

Comcast Spotlight Signs Lease at Agawam Crossing

Development Associates brokers a lease agreement with Comcast Spotlight for 3,157 sf in Agawam Crossing located at 200 Silver Street in Agawam, MA.

Comcast Spotlight is the local advertising sales division of Comcast Cable and is dedicated to helping local, regional and national marketers reach their target customer with multi-screen television and on-line marketing solutions.

Construction will begin on the new buildout of Comcast Spotlight’s offices in January and is expected to be completed and ready for occupancy in April 2016. We are happy to announce that this now completes the tenancy of Agawam Crossing. Development Associates of Agawam will be the project manager for the construction.

National Seating & Mobility Renews Lease

National Seating & Mobility (NSM) renews their lease and expands their space from 8,000 sf to 12,800 sf.   NSM has been a tenant in their Padgette Street, Chicopee location since 2006. NSM has recently acquired Hudson Mobility and needed a larger space to accommodate the growth of their company.

NSM has been in business for over 30 years and has grown from 5 offices to a National branch network of Rehab seating service centers. Their singular commitment is to provide wheeled mobility for all of their clients’ specific needs; many of whom are often severely physically challenged.

Development Associates of Agawam, MA is the property/project manager in the build out of their newly expanded space.

Valley Educational Associates, Inc. Renews Lease and Expands Business

Valley Educational Associates, Inc. (VEA) of Chicopee, MA recently renewed their lease with Development Associates and has expanded their space from 4,500 to 7,500 sf. VEA is a non-profit corporation providing work experience and training to developmentally disabled adults since 1982. Valley Educational Associates’ guiding principle is “real work for real pay”. They offer employment services, career assessment and professional services such as psychological assessments/consultation and vocational rehabilitation.

VEA has been a tenant at their location on Meadow Street in Chicopee, MA for over 13 years. It is one of 3 work/training facilities they have in Pioneer Valley. The Meadow Street property is home to other tenants such as: Bio-Med Fresenius Dialysis Center, A H Harris and Alert Ambulance.

Development Associates of Agawam, MA is pleased to be able help in enabling Valley Educational Associates, Inc. to expand their business to continue to aid more developmentally disabled adults to live productive lives.

 

 

 

 

 

DA Renews Lease with McLeod & Dewey Assoc., Inc.

Development Associates renews lease with McLeod & Dewey Associates, Inc. of Agawam, MA.  McLeod & Dewey are packaging specialists and a national supplier of flexible packaging equipment.  With clients such as Nabisco, Kraft Foods and the Clorox Company, McLeod & Dewey Associates, Inc. believes that providing a high-quality product at a competitive price is not enough.  “We are continually working, before, during and after the sale to improve your quality while reducing your overall packaging price…”

McLeod & Dewey Associates, Inc. has been a tenant of Development Associates since 1995.  Located in the Agawam Industrial Park on Silver Street in Agawam, MA, they are centrally located with easy access to Rte. 57 and Interstate 91.