CresaPartners represents Zipcar in 21,122 s/f office lease in Cambridge
Chris Crooks, Daniel Sullivan, and Adam Subber of CresaPartners in Boston - a corporate real estate firm specializing in tenant representation - recently represented Zipcar in a 21,122 s/f lease at 25 First St. The transaction was one of the largest in Cambridge in the first quarter.
Zipcar, one of the world's largest car sharing companies, is expanding its corporate headquarters by 12,931 s/f on the fourth floor of the 220,000 s/f standalone building. The expansion allows Zipcar to better accommodate its current work force while preparing for its second straight year of 100% employee growth.
Deb Gould of Cushman & Wakefield and John Caldwell of Paradigm represented the landlord, AEW.
CresaPartners in Boston is one of New England's largest corporate real estate advisory firms specializing in tenant representation and corporate services, including project management. Worldwide, the firm provides services through more than 125 offices in 35 countries, including 47 North American CresaPartners locations.
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 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!
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 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