News: Front Section

Deshler of CRE Management brokers 1,500 s/f lease to Om Warrior at 133 Pearl St. - owned by GFI Partners

CRE Management has leased 1,500 s/f to Om Warrior, a yoga studio owned and run by Marc McDonald, at 133 Pearl St. in the city's Financial District. Om Warrior is the first studio to be opened by McDonald, who has been a fitness fixture in Boston for 13 years. He has been a yoga instructor for 10 years, and was with Sports Club/LA on Avery St. for eight years before deciding to open his first studio. The space includes full shower and changing facilities, a studio that can accommodate 25 people and a retail area. Will Deshler, managing partner, CRE Management, represented both Om Warrior and the landlord, GFI Partners, in the transaction. "The space is great," McDonald said. "I was lucky enough to move into a space that was already built out for a yoga studio. What's tremendous about being in the Financial District is that I've worked close to it for eight years, so many of my existing clients came with me. It's also great in the sense that thousands of people walk through the area every day, so it's an excellent location. "It's been great to work with CRE. They've been very supportive of my business. It wouldn't have happened if I had to do it all myself. They made the whole process very easy." "We're very happy that we can help a talented individual like Marc McDonald realize the dream of opening his first yoga studio," Deshler said. "His name is very well known in Boston and this new space with a tremendous location in the Financial District is the perfect place for him to expand his clientele and showcase his craft." GFI Partners is a full-service real estate development company based in Boston. Since 1997, GFI has completed more than 50 real estate transactions with more than $500 million in cumulative value. GFI's portfolio spans the U.S. and is focused on opportunistic, value-added development projects. GFI has successful executed projects across the risk spectrum, including: corporate sale-lease back; speculative industrial construction; build to suits; and commercial and retail repositioning. GFI managed more than 1.2 million square feet of industrial, office and retail space. For more information, please visit www.gfipartners.com. Om Warrior specializes in offering a physically challenging practice to all body types and skill sets. The studio's goal is to teach personal practice and self-realization through group classes or individually designed private sessions. Marc McDonald combines his experience as a private trainer and yoga teacher to help each student find his or her own meaning for this work. Private sessions are designed to suit the individual needs as well as personal interests. For more information, please visit www.omwarrior.com. CRE Management applies a unique and proactive approach to asset management, marketing, accounting and financial reporting. CRE prides itself on a personal, hands-on approach that builds intimate relationships with its tenants, thus increasing the stability and value of its assets. CRE also oversees all building operations, and employs the most efficient cost-saving means to negotiate incentives and anticipate and correct potential problems. For more information, please visit www.cre-management.com.
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
Quick Hits
Columns and Thought Leadership
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.
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.
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.

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: