Edward of Lincoln Prop. acts for landlord in lease at 99 Chauncy: 21,000 s/f
The Boston office of Lincoln Property Co. has brokered a 21,000 s/f office lease to the Division of Capital Asset Management (DCAM) on behalf of The Mass. Dept. of Public Health at 99 Chauncy St. The Mass. Dept. of Public Health renewed its 14,000 s/f lease and added an additional 7,000 s/f, totaling 21,000 s/f of office space.
Michael Edward, SIOR, sr. VP at Lincoln Property Co., which serves as an exclusive leasing agent for the building, represented the landlord, AP Levin Real Estate, and DCAM represented itself.
"The 10-year lease renewal and expansion brings the 11-story, 100,000 s/f office building to 92% occupancy," said Edward. "This renewal and expansion allows the Dept. of Public Health to maintain their office at 99 Chauncy St., without the disruption of a major relocation."
The Boston office of Lincoln Property Co., a national commercial real estate company, provides brokerage, investment sales, property management, appraisal/valuation and development and project management services to a wide range of clients. In Massachusetts alone, Lincoln Property manages over 10 million s/f of commercial space and is responsible for leasing millions of s/f of space.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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 industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary