News: Front Section

Delaney, Subber, McDonough and Orpik of Cresa Boston arrange 17,500 s/f office relocation

Paul Delaney, Adam Subber, Shawn McDonough, and Andrew Orpik of Cresa Boston recently represented the Massachusetts Eye Research and Surgery Institution (MERSI) in a 17,500 s/f office relocation of its headquarters to 1440 Main St., a three-story, 67,000 s/f building. Currently occupying 13,000 s/f at 5 Cambridge Center in Cambridge, MERSI needed to expand its operations and upgrade to a larger space. In June, the company plans to occupy a portion of the second floor of the two-building Main Street Corporate Center office complex. "MERSI has been well served by its original home at 5 Cambridge. However, as this world renowned institution continues to grow, it made sense for us to seriously consider alternatives along Rte. 128. Main Street Corporate Center offers MERSI's employees and patients convenient access is a suburban office setting combined with the unique synergies of other tenants within the park. We look forward to seeing their new facility, as they continue to deliver world class care," said Scott Evans, chief operating officer at MERSI. The landlord, Crosspoint Associates, was represented by Transwestern | RBJ. Cresa LLC, one of the nation's largest corporate real estate advisory firms exclusively representing tenants, is headquartered in Boston. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: transaction management, project management, strategic planning, corporate solutions, site selection, lease administration, capital markets, mission critical solutions, relocation management, and facilities management.
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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
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
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,
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.