News: Front Section

Detwiller of The Lexvest Group signs four leases totaling 12,506 s/f

141 Parker Street - Maynard, MA

Maynard, MA The Lexvest Group LLC has completed several new leases at two commercial properties the company owns and manages, totaling 12,506 s/f.

Chip Detwiller

Chip Detwiller, Lexvest’s senior vie president and director of leasing, completed three new leases totaling 5,250 s/f at 141 Parker St. and a lease for additional space by a tenant at Mill Pond Sq., 63 Great Rd. 

The new tenants at 141 Parker are: The corporate headquarters of Brine Sporting Goods, one of the oldest sporting goods stores in the U.S., represented in the transaction by Jennifer Beckett at Benoit Mizner Simon & Co.; MyTV Choice; and MYnd Analytics that consolidates data from patients and outcomes to change the way healthcare providers treat mental health conditions.

Detwiller says that, in addition to Lexvest’s reputation for superb management, new tenants were attracted to 141 Parker St. by “priced-to-lease” all-inclusive rents, and its proximity to the under-construction 300,000 s/f Maynard Crossing mixed use master planned development anchored by Market Basket and eventual home to lifestyle amenities including restaurants, a day spa, urgent care center, 180 residential units, and a senior living facility.  

At Lexvest’s second property, Mill Pond Sq., 63 Great Rd., Dephy, Inc., a leading-edge robotics design firm, signed a lease to bring its total to 7,256 s/f.  

Lexvest principal Eric Shapiro attributes his company’s decades-long success to its core strengths: market knowledge, experience and integrity. “We pride ourselves on delivering great value for tenants and partners and work closely with vendors and municipalities to deliver unparalleled results.”

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.

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:
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.