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.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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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.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

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The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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