 (2).jpg)
News: Front Section
Posted: May 5, 2017
Cronin and Oppenheim of Lincoln Property Co. Boston arrange 33,000 s/f lease to Physical Sciences Inc.
Andover, MA According to Lincoln Property Company Boston, senior vice president Rob Cronin and vice president Ken Oppenheim have completed a 33,000 s/f lease to Physical Sciences Inc. (PSI) at 6 Riverside Dr., on behalf of the owner, Q Investments.
Lincoln Property Co.
“We are pleased to have represented ownership in this significant lease transaction bringing the building’s occupancy to 100%,” said Cronin. “This is an ideal site for Physical Sciences, Inc. and we are pleased to accommodate their growth as they expand within Andover.”
The tenant was represented by Michael Dalton of Cushman and Wakefield.
PSI provides research and development services in technical areas to both government and commercial users. The lease at 6 Riverside Dr. represents an expansion for PSI from its current corporate headquarters at 20 New England Business Center. The new space will be dedicated to PSI’s Tactical Robotics team.
6 Riverside Dr. is a 77,048 s/f flex building located in close proximity to I-93 and I-495.
The Boston office of Lincoln Property Co. provides brokerage, property management, appraisal/valuation and development and project management services to a wide range of clients.
In Massachusetts alone, Lincoln Property Co. manages over 15 million s/f of commercial space and is responsible for leasing millions of s/f of space every year.
Tags:
Front Section
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,
Quick Hits
Columns and Thought Leadership
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
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
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.
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.
