News: Front Section

Barrack, Linell, Heller and Cameron of JLL rep Saracen and AEW Cap.

Verizon Wireless has leased a full floor totaling 8,031 s/f of first-class office space at the new One Washington. Most of the $2 million capital improvement program at the 156,000 s/f 16-story office building at the corner of State and Congress Sts. will be complete in early November 2007. Jones Lang LaSalle is the exclusive leasing agent representing the buildingowners Saracen Properties and AEW Capital Management, L.P. Managing director William Barrack, senior vice president John Linell, vice president Ben Heller, and assistant vice president Jason Cameron represented the ownership. Ogden White, David Wright and Amy Pearlman of CB Richard Ellis negotiated for the tenant. The space on the sixth floor will serve as a new corporate sales office. Verizon Wireless is relocating from 28 State St. Occupancy is scheduled for Nov. 1st. "Verizon saw value in the building's physical transformation, and its pivotal location on the corner of State and Congress Streets," said Saracen development principal Travis Powell. According to JLL's Cameron, "The new entrance and lobby will set the tone for the reintroduction of One Washington to the market. We are pleased to have a cache high profile tenant like Verizon on board as a full floor tenant, adding them to an already strong roster of financial service and law firms. The high quality of the building improvements have enabled us to lease over 26,000 s/f this year, bringing the building's leased status to over 80%."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary