News: Front Section

Hobbs Brook Management signs nine new leases totaling 69,604 s/f

201 Edgewater - Wakefield, MA

Waltham, MA Hobbs Brook Management LLC negotiated nine leases across its office parks in Waltham and Wakefield, and Alpharetta, GA. The six new tenants and three renewed tenants collectively occupy 69,604 s/f. Bob Borgman of Wyman Street Advisors represented Hobbs Brook Management in all the new leases.

New Tenants:

• Alacrita, a life science consulting firm, has signed a three-year lease for 2,379 s/f at 303 Wyman St. Amanda Stevens Snell of The Stevens Group-ITRA represented Alacrita.

• Brookline Bank has signed a 2,171 s/f lease for six years at 701 Edgewater in Wakefield, to establish a commercial banking presence north of Boston. Chris Everest of Nordlund Associates represented Brookline Bank.

• Edenred Commuter Benefit Solutions has signed a new 16,837 s/f eight-year lease at 265 Winter St. JLL’s Brendan Cohn represented Edenred.

• Jassby Inc., has signed a new 4,075 s/f lease for three years at 404 Wyman St.

• JazzHR has signed a 4,293 s/f lease for six years at 610 Lincoln St. JazzHR was represented by Colin Whitney of T3 Advisors.

• Meteor Learning has signed a 2,133 s/f three-year lease at 301 Edgewater in Wakefield. Stephen Rich of Avison Young brokered the lease for Meteor Learning.

 Lease Renewals/Extensions:

• The Advocator Group renewed its 29,869 s/f lease at 101 Edgewater in Wakefield. Chip Batchelder served as the broker for Hobbs Brook. John Carroll of Colliers represented Advocator.

• Axiom Valuation Solutions has extended its 2,062 s/f lease at 201 Edgewater in Wakefield, for three years. Borgman of Wyman Street served as the broker for Hobbs Brook Management. Axiom Valuation Solutions was represented by Avison Young.

• Tower Hill Insurance Group has renewed its lease for 5,785 s/f at Preston Ridge in Alpharetta, GA for six years. Reeves Henritze of Colliers served as the broker.

“Our tenants can rely on receiving exceptional customer service along with a wide array of amenities, helping alleviate distractions and allow their work to be their focus. We pride ourselves on building trusted relationships and providing sustainable, high-quality office space,” said Patricia Holland, real estate manager in Hobbs Brook’s leasing division. “These new leases and renewals demonstrate the growth of these companies and we are happy to be a part of their success.”

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

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.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,
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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in