News: Front Section

Baldwin, O’Neil and Flynn of Cushman & Wakefield arranges 275,800 s/f in leases at Brickstone Sq.

Andover, MA Cushman & Wakefield has arranged 11 long-term leases totaling 275,800 s/f at Brickstone Sq., a four-building office campus located at 100, 200, 300 and 400 Brickstone Sq.

Cushman & Wakefield’s Blake Baldwin, Shayne O’Neil and Petra Flynn represented the landlord, KS Partners, in the transactions.

Recent leases include:

• ALKU, an employment agency, will occupy 75,000 s/f at 100 Brickstone Sq. The tenant was represented by Joe Doyle of Cresa.

• 3Step Sports, a youth sports company, will occupy 64,000 s/f at 300 Brickstone Sq. The tenant was represented by Matt Quinlan of SVN Parsons.

• Broadcom, a global technology company, will renew its 60,000 s/f space at 100 Brickstone Sq. The tenant was represented by John Wilson of CBRE.

• Constitution Capital Partners, an investment services firm, will occupy 32,000 s/f at 300 Brickstone Sq. The tenant was represented by Doyle, Kurtis Gibbs and Nate Heilbron of Cresa.

• Konica Minolta, an optical products company, will occupy 10,000 s/f at 100 Brickstone Sq. The tenant was represented by Cushman & Wakefield.

• Brown & Caldwell, an engineering consulting firm, will occupy 7,800 s/f at 200 Brickstone Sq. The tenant was represented by Kris Knapstein of Savills.

• Clifton Larson and Allen, an audit, tax and consulting services firm, will occupy 7,000 s/f at 200 Brickstone Sq. The tenant was represented by Rory Walsh of Newmark.

• Brockway Smith, a doors, windows and millwork distributor, will occupy 6,000 s/f at 100 Brickstone Sq. The tenant was represented by Nate Heilbron of Cresa.

• BSC, an engineering and science consulting firm, will occupy 5,000 s/f at 300 Brickstone Sq. The tenant was represented by Brian Tisbert of JLL.

• Tek Systems, an IT service management company, will occupy 4,500 s/f at 200 Brickstone Sq. The tenant was represented by Cushman & Wakefield.

• MeMed, a med-tech diagnostic company, will occupy 4,500 s/f of lab space at 200 Brickstone Sq. The tenant was represented by Tom Hovey of CBRE.

“We are pleased to welcome so many new tenants to Brickstone Sq. which has recently undergone extensive capital improvements resulting in a modernized office campus,” said Baldwin. “We’ve seen tenants flock towards high-quality assets as they return to the office and KS Partners has done an amazing job providing best-in-class amenities that tenants are looking for, including a new café, game room and outdoor spaces.”

“As Brickstone Sq. turns 100 this year, we are pleased to have completed our capital improvement program, providing our tenants with modernized amenities and new lab space to continue the building’s legacy of being an innovative and cutting-edge workplace,” said Kambiz Shahbazi, principal at KS Partners.

Brickstone Sq. is a 1,031,849 s/f, four-building office campus that is turning 100 years old this year. The property recently underwent extensive capital improvements resulting in expanded café services, fitness center, an on-site bistro, game room and a new outdoor patio and courtyard. The asset also features a conference center with flexible seating configurations and 3,000 parking spots.

Located in downtown, the property is surrounded by a myriad of retail, dining and entertainment options. The asset is in proximity to I-495 and 93 allowing direct access to Boston.

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
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.
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: