Better quality of life. Reaching local and regional climate-related goals. Supporting transit-oriented development. Raised economic potential.
These were some of the highlights regarding the Winchester Center station demolition work and accessibility improvements that were discussed during a virtual public hearing on Feb. 23 with the MBTA and the town of Winchester.
The project began about a decade ago and reaching the construction phase is a major milestone, according to State Sen. Jason Lewis, who attended the hearing.
“This has been a long and arduous process to bring us to this point in time,” he said. “It’s a very challenging project given the location of the station, squeezed right in of course to Winchester’s downtown. There’s a lot that needs to be done to approve this station.”
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1151 East Laraway Road in Joliet with Clarion Partners CEO David Gilbert and Exeter Property Group CEO Ward Fitzgerald (Google Maps)
Exeter Property Group picked up a 730,000-square-foot distribution center in Joliet, adding to the investment firm’s extensive industrial portfolio in the Chicago area.
Exeter acquired Laraway Distribution Center from Clarion Partners for roughly $45 million. Colliers International’s Jeff Devine and Steve Disse represented the seller, and announced the deal. Built in 2008, the Class A Laraway warehouse is located at 1151 East Laraway Road. It encompasses 34 acres and is fully leased to three tenants.
Distribution centers have been a hot commodity during the pandemic as e-commerce sales have surged. Companies like Amazon and others have leased and acquired last-mile facilities and other industrial properties statewide and across the country.
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