Edward of Lincoln Property Co. represents AP Levin Real Estate in three leases - 12,943 s/f
The local office of Lincoln Property Co. has brokered the renewal of three leases totaling approximately 12,943 s/f of office space at 99 Chauncy St.
Michael Edward, senior vice president at Lincoln Property, which serves as exclusive leasing agent for the building, represented the landlord, AP Levin Real Estate, in all three transactions.
Here are details on the three leases:
*Massachusetts Law Reform Institute renewed its 8,950 s/f office lease.
*The Center for Law and Education renewed its office lease for 2,493 s/f.
*The Freedom Trail Foundation renewed its lease of 1,500 s/f. PeterFarnum of FHO Partners represented the tenant in this transaction.
Late last year, the Division of Capital Asset Management, a state agency responsible for major public building construction and real estate services for the Commonwealth of Mass., renewed its 14,000 s/f lease and added an additional 7,000 s/f, totaling 21,000 s/f of office space at 99 Chauncy St.
"We're very pleased that these tenants have renewed and expanded their leases at 99 Chauncy St.," said Edward.
"These renewals show a great confidence in the building's quality, its strategic location and numerous area amenities."
The Boston office of Lincoln Property Company, 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 square feet of commercial space and is responsible for leasing millions of square feet of space. For more information on Lincoln Property Company's Boston office, visit: www.LPCBoston.com.
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