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.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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