News: Front Section

Eastport Real Estate Services sign three leases at 55 Technology Dr.

Lowell, MA Eastport Real Estate Services has signed three leases at 55 Technology Dr. The building is 90% occupied with only one 8,800 s/f suite remaining.

New Leaf Energy, a prominent player in the solar, wind and energy storage sector expanded to 17,500 s/f and committed to a five-year term with significant updates and improvements currently underway. 

Diagnosys, a global leader in diagnostic solutions for vision testing, has also extended their lease at the property. The five-year extension encompasses 13,400 s/f of engineering and manufacturing space with planned upgrades to the space coming in 2024.

Finally, Contract Logix, a pioneer in contract lifecycle management software solutions, has renewed its commitment to 55 Technology Dr. with a three-year lease extension. The company will continue to occupy 3,750 s/f of office space.

Mike Jaffe, vice president of Eastport Real Estate Services represented 55 Technology Dr. on all three deals. “In a challenging leasing environment we are excited to announce the extension and expansion of three key tenants at 55 Technology Dr. and we look forward working with the people at Contract Logix, Diagnosys, and New Leaf,” said Jaffe.

55 Technology Dr. is a modern building offering a location with access to Rte. 3 and I-495. The building offers high-end finishes in offices and in the common areas as well as a shared dual loading dock available to all tenants.

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
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.
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.
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