News: Spotlights

CB Richard Ellis/New England brokers 17,300 s/f lease at 179 Lincoln St.

On behalf of Millennium Partners - Boston, CB Richard Ellis/New England brokered a new 17,300 s/f lease with Merrill Corporation, a leading global provider of technology-enabled services for the financial, health care, real estate, legal and other corporate markets, at 179 Lincoln St. in downtown Boston. The development is the winner of the 2009 Boston Preservation Award granted by the Boston Preservation Alliance. Merrill Corporation will occupy a portion of the fourth floor of the building - a 220,000 s/f office building located in Boston's Leather District - in a long term lease which will begin in August. The owner, Millennium Partners - Boston, is a leading developer, owner and operator of commercial property throughout the U.S. Merrill Corporation is the fourth tenant to relocate to 179 Lincoln St. since the fall of 2008 and plans to use the new space as a regional hub to provide world-class solutions, services, and support for its legal and corporate clients. "179 Lincoln St. represents the finest of efforts in historic restoration and continues to attract first-rate businesses," said Joseph Larkin of Millennium Partners - Boston. "Its high quality space and convenient downtown Boston location was a perfect fit for Merrill Corporation." Located near the Financial District, 179 Lincoln St. was originally constructed in 1899. Since being acquired by Millennium Partners - Boston in 2006, the building has undergone a significant transformation and is now fitted with modern interiors, upgraded building systems, a new entrance and lobby, and a below-grade parking garage. The building is in the process of LEED certification. It offers visibility in the downtown and access by train, rapid transit, bus and auto. "We are pleased to have facilitated this transaction in a very short time frame," said Tim Lyne, executive vice president/partner of CB Richard Ellis. "We know that Merrill Corporation will find the property an excellent place to call home and will be in the good company of other fine tenants." In addition to Lyne, the CBRE team of David Fitzgerald, executive vice president/partner, and Tim Howe, vice president, represented Millennium Partners - Boston in the transaction. Merrill was represented by Richard Lowe, principal at CRESA Partners.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary