News: Front Section
Posted: April 9, 2021
Cambridge Polymer Group to move to Cummings Properties' TradeCenter 128
Woburn, MA Cambridge Polymer Group is moving its operation from Charlestown to a 17,000 s/f space at Cummings Properties’ TradeCenter 128 business campus. It is expected to occupy its custom-built new office and laboratory facility in August.
“Because of the scope of our operation and the varied, specialized services we provide, we had a large, highly technical space requirement,” said Cambridge Polymer Group president Dr. Stephen Spiegelberg, a Winchester resident. “TradeCenter 128 offered us a customizable space in a very accessible, attractive suburban office park setting. We were also drawn to Cummings’ in-house capabilities for the design and construction of our new facility.”
Senior leasing director Rob Yacobian of Cummings Properties worked with Dr. Spiegelberg and Newmark director Joseph Pearce on the transaction.
“As businesses in all industries return to the workplace, many are looking to move from the city to the suburbs for easier commutes and much more affordable rents,” said Yacobian. “Space in the inner suburbs along the 128 corridor can average between one-half to one-third the rates found in Boston and Cambridge.”
The landmark TradeCenter 128 campus directly fronts I-95 and is one mile from the I-93 interchange. Anchored by Middlesex County Superior Court, it offers first-class fully built out and build-to-suit space for a wide range of commercial uses, including corporate offices, laboratories, healthcare facilities, retail storefronts, and executive suites. The campus features numerous amenities, including Strega Italiano restaurant, a day care center, dry cleaner, hair salon, and multiple banks and fitness services.
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,
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.
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.
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:
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.