News: Front Section

Cook,Kerrigan, Sullivan and Flanagan of Avison Young secures 4,500 s/f, seven year lease for Wheels TV

According to Avison Young, one of the world's fastest-growing commercial real estate services firms, Automotive Networks Corporation (WheelsTV) has renewed its lease at Strawberry Hill Corporate Center. Wheels TV has committed to a 4,500 s/f, seven-year lease with the landlord, Campanelli, at Strawberry Hill Corporate Center, located at 289 Great Rd. Avison Young principals Jack Kerrigan and Steve Cook, along with Bill Sullivan and Anne Flanagan, a vice president and senior account manager, respectively, in the Boston office, represented the landlord, and are working closely with Peter Brown, director of leasing at Campanelli, to market the available office space. "The Wheels TV lease renewal and other recent ones like it signal the continuing tenant interest in Strawberry Hill Corporate Center," said Kerrigan. "Existing and prospective tenants are impressed with the vast improvements being made to the building by ownership." Since taking ownership in March 2014, Campanelli has experienced increased activity at the building, with almost 11,000 s/f in new lease transactions occurring in recent months. Additionally, Campanelli is currently negotiating with several prospective tenants, representing another 30,000 sf of office demand in this market. "With Campanelli taking ownership of the building, our decision to stay at Strawberry Hill Corporate Center was an easy one," notes Jim Barisano, Chair and CEO of Wheels TV. "The renovations that Campanelli has made and are currently making to the building, in conjunction with the firm's exceptional property management team, allowed us to sign a new long-term lease with confidence." Campanelli has implemented a significant capital-improvement program at Strawberry Hill that includes a fully-renovated and modernized front entrance, repaved parking lot, upgraded landscaping and exterior lighting, as well as a new energy-management system. Upon completion in late September, tenants will have access to new onsite amenities, including a modern fitness center, free Wi-Fi in common spaces, and a vending area. Located on Route 2A, Strawberry Hill is conveniently situated near major highways including Routes 2, 495 and 128. With 1,000 sf to 42,000 sf available for lease, the four-story building is attractively landscaped, highly visible to Great Road, and provides an excellent parking ratio (3.6 per 1,000 sf). The property features a brick exterior and ribbon window facade with a dramatic sloped glass atrium. Current building tenants include Geosyntec, Harsip & Stuart, Inc., Automotive Networks Corporation, and Westchester Management. Nearby amenities include Citizens Bank, Dunkin Donuts and the Acton Shopping Plaza, which contains Roche Bros., TJ Maxx, T.C. Lando's and Not Your Average Joe's.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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