News: Front Section

Hobbs Brook Management signs 2 leases at Hobbs Brook Office Park totaling 5,000 s/f

Hobbs Brook Management LLC, a pioneer in the development of office space in the Boston suburbs, has signed two new leases for Hobbs Brook Office Park. Tech Environmental has taken space in 303 Wyman St. and Ameriprise Financial has moved into 275 Wyman St. Tech Environmental, an air quality and noise consultant, signed a lease for 3,000 s/f and moved into their offices at 303 Wyman St. Formerly located on Trapelo Rd., Tech Environmental chose the Hobbs Brook Office Park for its proximity to Rte. 128/95; the park amenities, specifically the dining services and the on-site gym; and the strength of maintenance and oversight exhibited by Hobbs Brook Management. "Most of the other office spaces we looked at were comparable in terms of location, and price," said Michael Lannan, P.E., vice president of Tech Environmental. "We chose Hobbs Brook Office Park specifically because it is clearly well run, has many different amenities, and the recently renovated building is in exceptional shape. In addition, the ownership is stable, we received excellent and honest advice from our broker and Hobbs Brook's representative, and we were thrilled with Majestic Construction, the firm Hobbs Brook selected to perform the build-out. The suite was actually finished early and completely as promised." Ameriprise Financial, a diversified financial services company, is merging two practices currently located in Waltham and Winchester, and selected the Hobbs Brook Office Park for similar reasons. Ameriprise signed a lease for 2,000 s/f at 275 Wyman St. Majestic Construction, Inc. of North Attleboro was the construction manager for both tenant fit-outs. "The Hobbs Brook Office Park is a convenient location for our existing clients, most of whom are located within the metro-Boston area," said James Forcier, a certified financial planner practitioner for Ameriprise. "But a great location isn't enough if the management company isn't reputable. We received excellent information and first-class treatment from the folks at Hobbs Brook. In addition, the upkeep of the buildings and grounds, the character of the existing tenants, and the strong history of property management all contributed to our decision - one we're very happy with."
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