According to Berkeley Investments, ConvergEx Group, a leading technology firm, has extended its lease through August 2021, and expanded by approximately 5,000 s/f, for a total of approximately 44,000 s/f at 12 Farnsworth St.
ConvergEx is a provider of mission critical software products and technology-enabled services to asset managers and financial intermediaries globally. With more than 6,000 clients in 100 markets, their large and diverse client base includes investment advisors, hedge funds, plan sponsors, trust banks, family offices, separately managed accounts, broker-dealers, exchanges, alternative trading systems, and investment banks. Their extensive array of proprietary software products and technology-enabled services span the entire investment life cycle.
The firm has over 1,200 employees in 22 locations throughout the U.S., Europe, Asia, Australia and Africa.
12 Farnsworth St. is 90% leased to office and retail tenants.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
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!
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 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