News: Front Section

Delaney of Grubb & Ellis leases 10,000 s/f at Bunker Hill Business Center

Grubb & Ellis Co. represented Cambridge Hanover in the lease of 10,000 s/f of Class A flex/production space at Bunker Hill Business Center to FedEx Office. The new lease represents a relocation of FedEx Office's central processing center in Boston's Kendall Sq. The center services commercial accounts and FedEx Office retail locations. Grubb & Ellis' Paul Delaney, senior associate, Office Group, facilitated the transaction on behalf of the landlord, while John Cremmen of Jones Lang LaSalle represented the tenant. Bunker Hill Business Center is a 54,000 s/f Class A flex/office and production facility situated between Bunker Hill Community College and The Hood Business Park. The FedEx Office lease will kick off a repositioning of the building from a warehouse to a Class A flex building with new 10' x 10' aluminum and glass windows, expanded parking layout with all new paving and new entrance and landscaping. FedEx Office will occupy the facility when renovations are completed this fall. The park is located near Boston's CBD, Somerville and Cambridge, and offers highway visibility and access to I-93 and I-90.
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McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
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Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in