CB Richard Ellis - N.E. Partners, LP signs Neoscape for 13,000 s/f at 21-25 Drydock Avenue
On behalf of Millennium Partners, CB Richard Ellis - N.E. Partners, LP (CBRE/NE) signs a new lease at 21-25 Drydock Ave. in the city's Innovation District. Neoscape, an award-winning creative agency for the built environment, will occupy 13,000 s/f.
CBRE/NE's Tim Howe and Tim Lyne represented the landlord. Jones Lang LaSalle's Bill Barrack and Ben Heller represented Neoscape.
"Neoscape has been a pioneer in its industry for years and continues to show leadership through its forward thinking and drive to produce highly innovative work. This same leadership is also shown in their decision to relocate to 21-25 Drydock Ave.," said Joe Larkin of Millennium Partners. "Our building with its 850,000 s/f, large floor plates and exceptional views can accommodate companies of all sorts and of almost any size. It is a place where you feel both the history and the exciting future of the working waterfront."
"As creative marketers and designers of 3D environments, we are often asked to visualize for a client the full dimension of their ideas, bringing them to life," said Neoscape's Rod MacLeod. "We were able to employ the same technique with 21-25 Drydock Ave. and could really visualize the space being the perfect fit for our needs."
Drydock is situated directly on the Silver Line and just minutes from I-93, the Mass. Pike, South Station and Logan Airport. Located in the city's growing Innovation District, 21-25 Drydock Ave. brings affordable, mixed-use space to organizations in professional services, emerging technologies, arts, life sciences and a range of other dynamic fields.
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.
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.