News: Front Section
Posted: June 22, 2018
Buckley and Landers of CBRE/NE arrange 5,000 s/f lease for Legacy
Boston, MA CBRE/New England completed a long-term lease totaling 5,000 s/f of office space with AgIS Capital–a private equity firm that invests in farmland–at 46 Plympton St. in the city’s South End. AgIS Capital’s relocation from 745 Boylston St. in the Back Bay will allow for growth within the company.
CBRE/NE’s Patrick Buckley and Jeff Landers represented the landlord, Legacy Real Estate Ventures, and Cushman & Wakefield’s Rebecca Galeota represented the tenant.
“We are pleased to welcome AgIS Capital to 46 Plympton Street,” said Legacy Real Estate Ventures’ Michael Price. “The building’s location, proximity to public transit and amenities make it an outstanding opportunity for today’s tenants.”
“A distinctive building with charm and character, 46 Plympton St. has brick & beam construction that is typical of Boston’s South End,” said Buckley. “As lease rates continue to climb in areas like the Seaport District, Back Bay and Financial District, we’re seeing an increase in interest for other locations within the city, particularly from start-up and early stage companies.”
46 Plympton St., a five-story building encompassing 25,000 s/f of office space, is located near the South End’s Ink Block apartments and the future development of Exchange South End, the former Boston Flower Exchange site. The five-story building offers 13’ clear height, hardwood floors, an abundance of natural light, bicycle storage and shower facilities. 46 Plympton St. is situated off of I-90 and 93, and is walking distance from the MBTA Silver, Red and Orange Lines. The property is located near restaurants, hotels, fitness centers, retail and coffee shops.
Tags:
Front Section
MORE FROM Front Section
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,
.png)
Quick Hits
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
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.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz
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.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
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.