Cassidy Turley leases 31,325 s/f to three tenants at One Adams Place
Cassidy Turley has leased 10,380 s/f to Ricoh Americas Corp., 5,373 s/f to H.T. Bailey Insurance Group, and 15,572 s/f to South Shore Mental Health (SSMH) at One Adams Place, for lease terms of five years.
The Cassidy Turley team who represented the landlord, CommonWealth REIT, included senior managing director, principal Sean Teague and associates Jon Vacca and Kate McGovern. CB Richard Ellis represented Ricoh Americas, DTZ represented H.T. Bailey and The Conrad Group represented SSMH. One Adams Place is managed by Reit Management & Research LLC, Real Estate Services.
Constructed in 1986 and renovated in 2004, One Adams Place is a five story 124,777 s/f class A office building. The building's exterior is polished granite and its large floor plates are designed for functionality and flexibility. The floor plates are 25,000 s/f with Walker Duct Systems built into the floors. These features make the building ideal for both a corporate headquarters and back office use.
Amenities within Adams Place include a full service cafeteria, day care center, onsite property management and jogging trails in the adjacent Blue Hills Reservation. Hyatt Place and the Boston Marriott Quincy Hotel are located minutes away. Both are full service hotels offering conference and dining facilities. The South Shore Plaza is a half mile away with over 180 retail shops and restaurants and downtown Boston is located less than 10 miles to the north.
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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.
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:
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.
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.