News: Front Section

Cook of Cummings Properties brokers 5,000 s/f lease with MuCell Extrusion, LLC

Cummings Properties recently welcomed MuCell Extrusion, LLC to 212 West Cummings Park. The high-tech company, now occupying nearly 5,000 s/f in the Washington St. office park, provides a cleaner approach to the making of high quality plastic parts. Its technology is used by manufacturers of such familiar items as film packaging, yogurt cups, and garden hoses. Previously a division of Trexel Inc., MuCell required a new location as a result of its sale to UK-based Zotefoams in March. After considering its technology needs, MuCell turned to Cummings Properties. Bringing MuCell Extrusion to West Cummings Park presented some unusual challenges, said leasing director Derek Cook, who worked directly with MuCell on the lease. Among them was supplying enough heavy electrical power to operate its substantial machinery and equipment. "Once we identified a facility that was appropriate for MuCell's unique requirements, our construction group coordinated with NSTAR to install a new high voltage electrical service, and make it happen in very short order," said Cook. "Cummings Properties bent over backwards to meet our needs," said MuCell president Mark Lindenfelzer. "Working with them was a great experience, overall." MuCell joins a growing cluster of Cummings Properties client firms that employ environmentally friendly technology, including Levant Power Corporation, Joule Scientific, and Myriant Technologies. According to Lindenfelzer, while other plastic manufacturing methods use hydrocarbon-based additives, MuCell's technology applies the naturally occurring gasses of nitrogen and carbon dioxide in its process.
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.