News: Front Section
Posted: December 18, 2014
Gurtler, Coelho, and Whitney of Avison Young handle 34,400 s/f lease
According to Avison Young, Hub International Limited (Hub), a leading global insurance brokerage firm, has completed a 34,400 s/f office lease renewal at 299 Ballardvale St. The Avison Young team of Keith Gurtler, Mark Coelho, and Colin Whitney represented the landlord and asset manager, General Electric Credit Equities, Inc. and Paradigm Properties, LLC. Newmark Knight Frank represented Hub.
"This transaction enables both GE and Hub to achieve long-term leasing certainty on a large block of space in the Wilmington marketplace," said Gurtler. "The tenant has the continued benefit of being situated in a prime location that appeals to employees."
299 Ballardvale St. is a 75,000 s/f brick office and flex/R&D building located off Rte. 93. The property is six miles from I-95 and Rte. 495. Corporate neighbors include GE Healthcare, Qualcomm and Automated Engineering Incorporated.
Avison Young is one of the world's fastest-growing commercial real estate services firms. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,600 real estate professionals in 61 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
Tags:
Front Section
MORE FROM Front Section
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,
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.