News: Front Section
Posted: October 26, 2018
Donahue Associates Inc. handles 47,000 s/f office lease for Ajax 35 United Drive, LLC
West Bridgewater, MA On behalf of Ajax 35 United Drive, LLC, Donahue Associates Inc. has procured a Fortune 500 company for 47,000 s/f of office space at 35 United Dr. The company has moved into the space.
The open floor plates and ample parking at 35 United enabled the tenant to consolidate two of their existing facilities. This tenant will join existing office tenants, Residential Mortgage Services and Doctors Management Group to occupy all but 5000 s/f of the primary office space. The back-office space remains unoccupied. Plantation Products, Inc. and Jiffy Products of America occupy all of the 490,000 s/f of industrial space at the property. 35 United Dr. is the former Chadwick’s of Boston headquarters facility. Ajax Partners purchased the property in 2014 and has repositioned the asset into a modern office and warehousing facility with competitive pricing.
Ajax Partners was represented by Mark and Betsy Donahue of Donahue Associates.
“We are delighted to have this tenant as our anchor office tenant at 35 United Dr.,” said Ajax Partners principal Stuart Silberberg. “They bring stability, credibility and a long-term perspective to the property. Both the landlord and the tenant spent substantial capital to upgrade the infrastructure, space and finishes to create first class office space.”
Tags:
Front Section
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.
Columns and Thought Leadership
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.
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
>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
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.