News: Front Section

Cresa Boston completes 68,145 s/f office lease relocation for Compuware

Shawn McDonough, Joe Sciolla, and Andrew Orpik of Cresa Boston, along with Cameron McCausland of Cresa Detroit and Anne Coggeshall of Cresa Denver, recently represented Compuware in a 68,145 s/f office lease relocation at 404 Wyman St. The owner/landlord, Hobbs Brook Management, was represented by Chip Batcheler from Wyman Street Advisors. The company will occupy a portion of the fifth floor of the class A, four-story, 449,000 s/f office building located in the Hobbs Brook Office Park. Compuware will consolidate its offices at 10 Maguire Rd. in Lexington (54,000 s/f) and 400 Totten Pond Rd. in Waltham (15,000 s/f) into this location. The building was recently renovated and features large, open atria with skylights, rooftop terraces, wood paneling, and a polished granite lobby. Barry Dubé and Amy Braun of Cresa Boston will provide project management services for Compuware's move-in, slated for this fall. Interior design and furniture specification services for the move are being provided by CBT. The process has involved space programming and workplace strategy focus groups to better understand Compuware's specific needs. "Compuware is pleased to be moving into the prestigious Hobbs Brook Office space," said Denise Starr, executive vice president and chief administrative officer. "Our presence in the Greater Boston area has grown rapidly, in particular our application performance management business unit through the Gomez acquisition in 2009 and more recently, the 2011 acquisition of dynaTrace. We look forward to having everyone under one roof again to enhance collaboration and productivity." According to Compuware, the design reflects the goal of a forward-looking company, with multiple workspace types that allow for individual and collaborative work. A colorful palette is used throughout the space to distinguish different work zones and help with wayfinding.
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
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.
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:
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.

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.