News: Front Section

CB Richard Ellis negotiates leases at Meriden Executive Park totaling 17,229 s/f

According to CB Richard Ellis (CBRE), it has negotiated two new leases within Meriden Executive Park totaling 17,229 s/f. Revera Health Systems will occupy 10,776 s/f on the 2nd floor at 538 Preston Ave., while Progressive Insurance will take 6,453 s/f on the 3rd floor. Patrick Mulready and John McCormick of CBRE represented the landlord, Trammell Crow Cos., in both transactions. H. Pearce represented Revera and Newmark Knight Frank represented Progressive. Built in 1986, Meriden Executive Park is a two-building suburban office campus set on 17 park-like acres at the intersection of I-91 and I-691 in Meriden. 538 Preston Ave. is three-story, class A office property measuring 76,600 s/f. The building features amenities including a 2-story atrium lobby, quality interior and exterior finishes, exceptional views of Meriden's East Peak, generous parking at four cars per 1,000 s/f, and 24-hour card-key access. Trammell Crow Cos. is a Texas-based real estate development and investment firm. Since its founding in 1948, the company has developed or acquired over 500 million s/f of buildings with a value in excess of $50 billion. Trammell Crow Co. is an independently operated subsidiary of CBRE, with over 400 employees.
MORE FROM Front Section
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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

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.