News: Front Section

Healy and Shakespeare of Colliers leases 30,000 s/f to G-Tek Labs

South Boston, MA According to Colliers International, assistant vice presidents Ryan Healy and Mike Shakespeare have leased 30,000 s/f to a new innovative hardware workspace, G-Tek Labs. Backed by Taiwan-based Gigatek, Inc., G-Tek Labs will create an environment conducive to development, manufacturing and scaling of electronic devices. The shared workspace will provide access to design software and equipment, such as 3D printers and pick and place machines, that are required to explore new ideas in the hardware technology arena. G-Tek Labs has begun construction on its two-story space at 28 Damrell St. with plans to launch Phase 1 this month. It has already started accepting applications for prospective members. 

G-Tek Labs recognizes Boston as a renowned center for innovation and is home to one of the largest start-up ecosystems in the world. 

Attorneys Ku Yoo of Chang & Yoo LLP and James Heffernan of Rich May, PC represented G-Tek Labs in negotiating the lease and other corporate matters. Scott Gredler with Cushman & Wakefield represented the landlord, Damrell Properties LLC in the transaction.

“With Ryan and Mike’s help, we searched the Seaport, Downtown Boston, Cambridge, and Somerville markets for our home, and selected 28 Damrell and Andrew Sq. due to the area’s rich manufacturing and industrial history,” said Jeff Chang, CEO of G-Tek Labs. 

“South Boston and Andrew Square, in particular, is a major site for redevelopment, and one of our central goals is to ensure that manufacturing remains a part of its future. We are very excited to open our doors, connect with Boston’s innovation ecosystem, and hopefully be an asset to the community.”

Its convenient location between the Andrew and Broadway Red Line T-stations as well as on-site parking also significantly contributed to the Southie allure. According to Healy, “With hardware technology requiring more of a flex/industrial space but the same kind of talent, Southie’s access to the Red Line, sometimes dubbed the ‘Brain Train’, is an ideal solution.”

Colliers International Group Inc. is an industry-leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.

 

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

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:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.