News: Owners Developers & Managers

FoxRock Properties acquires 1200 Crown Colony Dr., in Quincy, MA

Quincy, MA FoxRock Properties, a real estate investment, development, and management firm, has acquired one of the city’s premier office buildings at 1200 Crown Colony Dr. The 236,491 s/f building is in the highly visible and centrally located Crown Colony Office Park, a half mile from the Quincy Adams T stop and adjacent to the I-93 and Rte. 3 interchange. Details of the acquisition were not disclosed.

“We think this is an opportunity to own a best-in-class property in a best-in-class city,” said FoxRock owner Rob Hale. “We’re seeing an influx of organizations that are attracted to the value proposition of being based in Quincy, and growing in Quincy. We are very bullish about the business community and workforce in the city.”

FoxRock has already secured leases, and tenants will be made public in the near future.

With a portfolio of five million s/f, FoxRock has maintained high occupancy and retention rates in their office buildings through high touch service and top-of-the-line amenities such as game rooms, golf simulators, and flexible work suites.

“This building is going to be a showpiece for best-in-class amenities and tenant offerings,” said Jason Ward, managing director at FoxRock “There will be concerts, happy hours, food truck events, fitness and wellness classes. We look forward to delivering an unmatched offering for tenants who want to be competitive in the fight for talent.”

The amenities at 1200 Crown Colony include: A landscaped patio with seating and gas firepits, a renovated atrium lobby with coffee bar, a full-service café, a 2,950 s/f fitness center, an expansive fireplace lounge, outdoor exercise lawn and parking.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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