News: Front Section

Cummings Properties' Cummings Park sees growth in first half of 2011

Cummings Properties has seen steady growth in 2011, with more than 50 businesses signing leases at its Cummings Park in recent months, including life science firms, healthcare providers, and software developers. Several new restaurants have also signed leases at the office park, bringing the total number of eateries to an even dozen, and sparking the interest of local residents as well as business people and area shoppers. Eric Anderson, vice president of leasing and operations for Cummings Properties, attributes the increased activity to the fact that the company continues to invest in its properties even in down economies, undertaking significant renovations in anticipation of an eventual upswing. Anderson said, "We've always been recognized for providing a great value and convenient location at the junction of I-93 and I-95. And with the extensive remodeling we've recently done, we are now ready to offer businesses commercial space with upgraded interiors, renovated laboratories, and energy-saving improvements." Jim Trudeau, design manager, said, "To freshen the visitor experience, we adopted the contemporary urban palette from our newest buildings: expansive glass and aluminum entries, granite and maple accent features, dramatically patterned carpet tiles, and ceiling features that enhance indirect lighting." The result? Since January 2011 businesses have leased approximately 100,000 square feet at the Washington Street office park, almost twice the square footage leased during the same period in 2010. Behman Hambelton LLP (www.bhlawllp.com), a mid-size, full-service law firm, was one of the businesses attracted by the refurbished office space. Having admired other Cummings Properties buildings, Behman Hambelton turned to Cummings when the firm decided to relocate from Burlington. According to attorney Deborah Katz, "Our new office is beautiful—everything is so nice and new. Cummings Properties did a wonderful buildout for us in lightening speed."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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