 (2).jpg)
News: Front Section
Posted: June 21, 2019
The Bulfinch Cos. secures 8,000 s/f lease with Gennari Aronson, LLP
Needham, MA The Bulfinch Companies, Inc. has secured an 8,000 s/f lease with Gennari Aronson, LLP at 250 First Ave. Mike Wilcox, senior vice president and director of leasing at Bulfinch, served as the leasing broker for the landlord, while Alex Dauria of JLL represented the tenant.
“We are delighted to welcome Gennari Aronson as a Bulfinch tenant,” said Wilcox. “Gennari Aronson joins our roster of notable tenants at 250 First Ave. in Needham Crossing’s world-class business location – the N-Squared Innovation District.”
First Needham Place, located at 250 First Ave., was acquired by an affiliate of The Bulfinch Cos. in 1998 and repositioned from an outdated and underutilized property into a first-class office building. The building is located within the N-Squared Innovation District, one of Greater Boston’s leading tech hubs. The location is visible from I-95/Rte. 128, and offers a Rte. 128 Business Council Shuttle Service to the MBTA station.
250 First Ave. is a, 73,167 s/f, class A office building with underground parking and a LEED Silver certification. The property offers a variety of tenant amenities including an onsite micro- market, fitness center, complimentary shuttle service and the tenant engagement app HqO, providing Bulfinch tenants with a range of onsite events, communication and perks to local retailers and community events.
Gennari Aronson sought to nearly double its size in a office space with technology-rich conference rooms, collaborative common areas and professional finishes.
Originally, a sub-tenant at 250 First Ave. several years ago, Gennari Aronson returns to the property with ample space to accommodate their growing company.
“We are thrilled to be a tenant of a Bulfinch managed property. Their attention to detail and quality is unparalleled,” said Neil Aronson, partner at Gennari Aronson. “The thoughtful commitment to tenant needs demonstrate their expertise in developing impressive office concepts with desirable amenities. 250 First Ave. offers an ideal location convenient to the city of Boston and major commuter routes, without the cost or commute of a downtown Boston location, something that was important to both our employees and clients.”
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,
Quick Hits
.png)
Columns and Thought Leadership
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.
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:
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.
