News: Front Section

CB Richard Ellis/New England and Jones Lang LaSalle complete 47,486 s/f lease for AECOM and ELV Assoc.

CB Richard Ellis/New England and Jones Lang LaSalle completed a 47,486 s/f lease renewal and expansion with AECOM at 66 Long Wharf. AECOM will expand its footprint to four floors in the building. "AECOM's decision to stay at 66 Long Wharf in Boston is a testament to the building and the long-standing success AECOM has shared at this location," said CBRE's Kevin Kennedy. "Furthermore, this building has the location, amenities and views that make it appealing for a long-term office headquarters." The CBRE team of Chris Cuddy, senior vice president/partner, and Kevin Kennedy, first vice president, represented tenant AECOM in the renewal and expansion. Jones Lang LaSalle vice president Katharine Small and former managing director Bill Collins represented landlord ELV Associates, Inc. CBRE has also completed a 9,800 s/f lease renewal with SofTech at 59 Lowes Way in Lowell, Mass. SofTech, Inc., a multinational computer software company, will remain on the third floor of the property, a 102,653 square foot Class B office building part of Connector Park with 41 Wellman Street. The CBRE team of Mark Reardon, executive vice president/partner, Jason Levendusky, first vice president, and Kerry Olson, vice president, represented landlord National Development in the renewal. Richards Barry Joyce and Partners' Jamey Lipscomb represented SofTech, Inc. "SofTech's decision to stay at Connector Park in Lowell is a testament to National Development's distinction as a landlord," said Olson." Built just before the turn of the century, 66 Long Wharf is part of the Custom House at Long Wharf, a historic brick and beam building with six floors of multi-tenant office space on the city's waterfront. The south side of the property is an active tourist, ferry and excursion dock while the north side is a marina and dock for the water taxi from Logan International Airport and numerous ferry boats. Conveniently located next to the Long Wharf Marriott and adjacent to the Aquarium Station T stop on the MBTA's Blue Line, 66 Long Wharf is just a few blocks away from the Rose Kennedy Greenway, Boston's Financial District, Faneuil Hall, as well as a multitude of restaurant, hotel, and retail locations.
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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
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 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.
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,