News: Owners Developers & Managers

HallKeen Management adds two properties to facility management portfolio totaling 80,000 s/f

HallKeen Management's commercial portfolio has recently expanded. The portfolio has gained an additional 80,000 s/f with the facilities management acquisitions of Harvard Sq. and South Shore Place in Braintree. The owner for both properties is Carpenter & Company Inc. The contract includes full-service leasing and management duties for the commercial and retail complex at South Shore Place; and facilities management for Harvard Sq. Theatre. South Shore Place sits on the location where the former Sheraton Braintree once stood. South Shore Place is a new retail and commercial space located across the street from the South Shore Plaza, off Exit 6 on I-93. It houses a variety of stores and restaurants including the new location for Legal Sea Foods, a Starbucks and 38,200 s/f of retail space with existing 8,000 s/f restaurant space. The AMC Lowes Harvard Sq. Theatre 5 closed its doors in July 2012. Originally built in 1925, Carpenter & Co. purchased the historic building and is currently reviewing plans to revitalize the 30,000 s/f of space. HallKeen Management is currently administering facility management to the structure while plans are underway to reinvent the building. "There's so much history behind the Harvard Square Theatre. It's been a staple for the neighborhood and we are excited to manage a little piece of Cambridge history," said Chad Boulay, director of commercial management for HallKeen. "As for South Shore Place, it's riveting to see the transformation from what the location once was, to what it is now. Our commitment to providing exceptional management is to the developers and tenants are our top priority and we are honored to work with Carpenter & Co. on these two facilities." HallKeen Management is based out of Norwood, and manages over 1.2 million s/f feet of office, industrial, retail and medical office space throughout Massachusetts.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
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