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

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
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.
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: