Bekarian and Kollar of Jones Lang LaSalle broker 32,079 s/f lease at Blackstone Sq.
Good Start Genetics, Inc., an innovative molecular diagnostics company developing the new gold standard in carrier screening, has expanded its headquarters by leasing an additional 15,479 s/f of first class office space in Blackstone Sq. This brings their total occupancy to 32,079 s/f. The building is now 95% leased.
Jones Lang LaSalle executive vice president Peter Bekarian and vice president Daniel Kollar negotiated the transaction on behalf of owner Centremark Properties, Inc.
Acquired in 2007 by Centremark, Blackstone Sq. is a brick and beam building that has been upgraded to first class standards. Centremark improved the vacant building to feature: new lobbies, elevators, common area finishes, shared amenities, and new mechanical systems and infrastructure.
The building is located one block from Memorial Dr. with views of the Charles River. Other tenants at 19 Blackstone include: Intelligent Medical Devices, Inc.; IMDx; Genewiz Inc.; Hybrid Silica Inc.; AMBRI (formerly Liquid Metal Battery Corporation); and Smart Architecture.
"The Centremark team's ability to deliver high quality lab and office fit up in a cost effective manner has enabled Good Start Genetics to meet our business targets," said Good Start Genetics CEO Don Hardison.
According to Nader Golestaneh. president at Centremark Properties: "Blackstone Square has proven to be a building and location that is able to accommodate all categories of life science tenants. We are pleased that our Jones Lang LaSalle team has been able to tell our story, and successfully assist us to complete leases to materials sciences, pharmaceutical research, and bio-tech tenants."
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,
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: