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%."
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

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.
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Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

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