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.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

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.
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Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
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.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>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.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,