News: Front Section

Holmes, Johnston and Wyant of R.W. Holmes assist in leases totaling 140,089 s/f

R.W. Holmes Realty has completed four leases for BJ's Wholesale Club in the Natick Business Park. BJ's renewed their leases for 4,000 s/f at 4 Strathmore Road, 20,000 s/f at 5 Strathmore Rd., and 16,900 s/f at 27 Strathmore Rd. BJ's also leased 21 Strathmore Road, (15,500 s/f) for expansion space. Headquartered in Natick BJ's Wholesale Club, Inc. is a leading operator of membership warehouse clubs in the eastern United States. Garry Holmes, SIOR of R.W. Holmes represented BJ's in the transactions. John Lashar and Paul Leone of Richards Barry Joyce & Partners represented MARIC, Inc., the owner of 21 Strathmore Rd. The MathWorks, Inc. has leased 44,000 s/f of expansion space at One Apple Hill and 22,032 s/f for expansion at Cochituate Place, 24 Prime Parkway. MathWorks will occupy the entire fifth floor at Cochituate Place. MathWorks is a leading developer of technical computing and model based design software for engineers and scientists in industry, government, and education worldwide. Craig Johnston of R.W. Holmes represented Atlantic Philadelphia Realty, owner of One Apple Hill and LMF Cochituate Corp, owner of Cochituate Place. Holmes represented MathWorks. R.W. Holmes has negotiated three leases on behalf of Firmin Ave. Joint Venture LLC at 2 Willow St. in Southborough. The leases, signed with UpdateLogic, ViryaNet and Trigent Software, total 17,657s/f. UpdateLogic signed a new lease for 3,800 s/f and was represented by Bob McGuire of CBRE. ViryaNet signed a lease renewal for 10,007 s/f. ViryaNet was represented by R.W. Holmes. Trigent Software signed a new lease for 3,850 s/f and will relocate their corporate headquarters to 2 Willow St. from 1 Apple Hill in Natick.  Trigent Software was represented by Robert Bryne of RBJ.     Firmin Avenue Joint Venture LLC was represented in the UpdateLogic, ViryaNet and Trigent Software transactions by Holmes and Scott Wyant of R.W. Holmes.
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
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.
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,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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