News: Front Section

Driscoll, Brady and Weiss of Cushman & Wakefield assisted in 115,000 s/f lease negotiations to KPMG

The Boston office of KPMG LLP, the U.S. audit, tax and advisory firm, has signed a lease to occupy 115,000 s/f at Two Financial Ctr., a class A office project under development by a joint venture between Lincoln Property Co. and ASB Capital Management. KPMG is at 99 High St. and will relocate to Two Financial Center in June 2010. As the anchor tenant of the new 220,000 s/f building, KPMG will gain the opportunity to enhance its brand identity within the Financial District. "We considered other options and our investment in Two Financial Center demonstrates our commitment to the city of Boston," said Bud LaCava, KPMG's managing partner in Boston. "By choosing Two Financial for its Boston headquarters, KPMG, a premier company that is a global leader in its field, has validated our vision of creating a world class office building to meet the critical demands of today's tenants," said Robert Bellinger, president of ASB Capital Management. Cushman & Wakefield's executive director Jay Driscoll and senior director Jim Brady and vice chairman Edward Weiss of N.Y., represented KPMG in its search for office space and in the lease negotiations. The landlord was self-represented by senior vice president John Miller of Lincoln Property Co. Legal counsel for KPMG was provided by Michael Kinney of Loeb & Loeb LLP and Lincoln Property Company was represented by Jim Hackett and Tim Smith of Nutter McLennan & Fish LLP. "KPMG will occupy the first new building constructed in the Financial District since 2003," said Jay Driscoll, executive director of Cushman & Wakefield's downtown leasing team. "The tenant procured lease terms that will allow for great flexibility over many years. Two Financial Center's superb location, design and quality of construction reflect the world class vision of its development team, Lincoln Property Company and ASB Capital." John D. Miller, senior vice president and Boston area director of Lincoln Property Company said, "We are thrilled that KPMG will make Two Financial its Boston headquarters. We, too, are celebrating an anniversary year - our 25th in Boston - and it's great to be able to commemorate such an occasion by delivering a premier Class A office development of this caliber to the city of Boston."
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
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.
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.
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,