Alvarado, Parsons, Berger and Galvani of Parsons Commercial Group broker 2 leases totaling 31,602 s/f
The listing team of Marci Alvarado, Jake Parsons and Alex Berger of Parsons Commercial Group recently completed the renewal of Intercall Inc., a division of West Corp., a conferencing solutions company. The company renewed 11,602 s/f of office space at 130 New Boston St.
The team exclusively represents 130 New Boston St. for landlord, KS Partners. The 55,000 s/f building is one mile off of I-95 and I-93, with access to the MBTA and there are several hotels and a restaurant on-site. These amenities coupled with the landlord's flexible terms have created an increased activity from tenants looking for office space in the market.
"Intercall, Inc. is a great tenant for the building and we are happy they have decided to stay," said, Alvarado.
Also, Victor Galvani, vice president at Parsons, represented Father and Son Moving and Storage in their expansion and relocation of 20,000 s/f to 45 Dunham Rd. in Billerica.
Father and Son Moving and Storage is a family-owned Boston based moving company. "The company is moving to accommodate their growing business," said Galvani.
45 Dunham Rd. was a great fit for several reasons. The building is an industrial warehouse and storage facility office, off Middlesex Tpke., 3.5 miles from I-95, 8 miles from I-495 and less than 20 miles from Boston.
"The location was ideal for the company who needed access to all of the major thoroughfares," said Galvani.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.