News: Front Section

Dieker of CB Richard Ellis/New England brokers 11,549 s/f lease for Clark & Lavey Benefits Solutions, Inc.

According to CB Richard Ellis/New England (CBRE/NE), Clark & Lavey Benefits Solutions, Inc., a group benefits insurance broker, has signed a long-term lease at 7 Henry Clay Dr. The firm will occupy 11,549 s/f of class A office space. CBRE/NE's Roger Dieker, vice president at the firm's Manchester office, represented the tenant in the deal. Landlord Adamian Construction & Development Corp. was represented by CBRE/NE associate Mike Tamposi. "Clark & Lavey was very strategic in their analysis," said Dieker. "The company was successful in securing superior space for an extended term at today's reduced rates." "Clark & Lavey's presence will enhance the image of 7 Henry Clay Dr. and provide a solid foundation as we reposition this multi-tenant facility," said Tamposi. 7 Henry Clay Dr. is a 45,620 s/f office building that offers all the amenities of a first-class corporate campus. It is located off exit 10 of the F.E. Everett Tpke. "Our growth plan, combined with today's tenant-friendly market environment, offered us the opportunity to obtain a larger space that will be tailored to our needs," said Laura Bennett, chief financial officer for Clark & Lavey. "We are pleased to welcome Clark & Lavey as a new tenant to the building," said Heather Adamian of Adamian Construction. "We look forward to establishing a long-term relationship with them." About Clark & Lavey Benefits Solutions, Inc. Clark & Lavey Benefits Solutions Inc. is a consultative insurance brokerage firm providing an integrated solution of products and services in employee benefit programs to clients throughout the northeast. Their strategic approach, coupled with their belief in partnering with their clients, has made them an industry leader. Their clients cross many industry sectors and include manufacturing companies, hospitals, financial and service industries and non-profit organizations. About CBRE CB Richard Ellis Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2010 revenue). The company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis - N.E. Partners, LP, a CBRE Joint Venture has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire.
MORE FROM Front Section
Front Section

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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.
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.