News: Front Section
Posted: May 5, 2023
Gilkie of R.W. Holmes negotiates
17,801 s/f lease for 9 Centennial Drive
Peabody, MA R.W. Holmes has negotiated a lease for 17,801 s/f of office space at 9 Centennial Dr.
David Gilkie, senior vice president at R.W. Holmes, represented the property owner, B&H Peabody Property, LLC, and procured Regus-IWG as a tenant. Located in Centennial Park, 9 Centennial Dr. is 74,801 s/f of office, lab, and R&D space.
Headquartered in Switzerland, Regus-IWG workspace solutions for businesses are in every continent and every time zone to provide their employees with flexibility and freedom at work.
“Regus-IWG will use the space for co-working office space, which is underserved in this submarket. This tenant has a well-developed system with over 3,300 locations in 120+ countries,” said Gilkie. “Easy access just off the highway and a short distance to a wide variety of amenities including food, hotels, and a regional mall make this location ideal for Regus-IWG and its co-working members.”
Tags:
Front Section
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.
Columns and Thought Leadership
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.
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,
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.
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.