Colliers Meredith & Grew executes 7,500 s/f lease for Cambridge healthtech Institute
Ping Identity Corp. has executed a new 7,500 s/f office sublease at 1000 Winter St.
The Colliers Meredith & Grew team of Elias Demakes, John Carroll and John Dolan III represented Cambridge Healthtech Institute, the sublandlord.
Greg Hoffmeister of T3 Advisors represented Ping Identity.
Built in 1988, 1000 Winter Street is a four-story, 267,909 s/f class A office building located in the Bay Colony Corporate Ctr.
Strategically located on Route 128 and overlooking the Cambridge Reservoir, the 58-acre complex is comprised of four office buildings totaling 980,000 square feet. Amenities include full-service cafeterias, conference facilities, fitness centers, day care and on-site property management.
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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.
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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.