News: Front Section

Campanelli completes two leases totaling 13,500 s/f at Heritage Landing

Campanelli, a full-service commercial real estate development and construction company, has signed two leases totaling almost 14,000 s/f at Heritage Landing. In collaboration with Peter Brown, director of leasing at Campanelli, the Cushman & Wakefield suburban team of Mike Frisoli and Matt Morgan with downtown brokers Dave Martel and Jason Roth serve as the exclusive leasing agents for the property. Magellan Jets, a domestic and international private jet services firm providing charter flights and private jet memberships executed a 5,000 s/f lease to relocate from Quincy Center. Their lease commences on January 1st, 2014. "Campanelli did a great job of selling their vision to us. We are excited to be the first to sign a lease in what we know will be one of the best suburban office buildings south of Boston," said Joshua Herbert, founder and CEO of Magellan Jets. PharmaLogics Recruiting, a top recruiting firm for the bio-pharma industry executed an 8,500 s/f lease, consolidating their offices currently located in Braintree and Boston. PharmaLogics has grown from 3 to 40 employees in the past five years and added a Basel, Switzerland office location this year as well. Their lease commences in March, 2014. "The buildings provide an incredible value alternative to downtown Boston and Cambridge. They offer an urban office environment and quality at suburban office rates, coupled with superior accessibility, the MBTA Red Line within walking distance, exceptional views of Boston and free parking," said Dan DeMarco, partner at Campanelli. Located off I-93 and Rte. 3A, Heritage Landing is a class A office complex consisting of two buildings totaling 358,000 s/f. Since purchasing Heritage Landing in June, Campanelli has commenced a multi-million dollar spec renovation plan that includes sleek updated entrances, a full-service café featuring downtown eatery Sebastians, a high-end fitness facility and a modern conference center. The renovations will be complete by 1Q2014. "We have seen incredible leasing momentum in just five months. The amount of tenant interest certainly validates the North Quincy location" said Mike Frisoli, executive vice president, Cushman & Wakefield. Established in 1947, Campanelli is a third generation, full-service commercial real estate development and acquisition company with extensive experience in the industrial, office, medical office, warehouse/distribution, retail, educational and cold storage markets. Campanelli began building homes during WWII and transitioned from residential to commercial real estate in the 1960's. The team, known for their seamless ability to work with their clients and act as the "real estate division" of a company, has developed 11 business parks in Massachusetts, over 20 million s/f across the nation and provided international development consulting and site selection services. The company's signature capabilities include land development, design and build, redevelopment and value-added acquisitions. It is Campanelli's all-encompassing and quality services that have led to its successful track record as a highly-regarded developer; from site selection, feasibility analysis, local, state and federal permitting, to architectural and engineering design, building construction and facilities and property management.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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