News: Front Section
Posted: October 20, 2009
CB Richard Ellis/New England reps Verizon Comm. for 201,967 s/f lease
According to Verizon Communications Inc., the company intends to stay at 185 Franklin St.
Verizon recently signed a long term lease totaling 201,967 s/f. FHO Partners represented the landlords, Commonwealth Ventures LLC and Kennedy Associates, who purchased the building last year for $192 million. Verizon was represented by CB Richard Ellis/New England.
Verizon will occupy the third through sixth floors of the 18-story building. The building is located in the city's Financial District and overlooks Post Office Sq. Park.
According to the building owners, they intend to add 15,000 s/f of ground-floor retail space as well as 110 parking spaces in the building. This comes on the heels of a proposed 400,000 s/f office tower being built on the site, a project which the owners of the building have since scrapped.
Tags:
Front Section
MORE FROM 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,
.png)
Columns and Thought Leadership
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
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:
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.
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.