News: Front Section
Posted: September 23, 2016
J.C. Cannistraro, LLC to move manufacturing and warehousing operations to Boston’s Seaport
Rendering of 25 Fid Kennedy Avenue - Boston, MA
Boston, MA J.C. Cannistraro, LLC plans to relocation and consolidation of its manufacturing and warehousing operations from Wilmington, Watertown and Stoughton to the city’s Seaport District. Cannistraro has completed the execution of a 50 year ground lease with the city of Boston’s Economic Development and Industrial Corp. for Parcel N, 25 Fid Kennedy Ave., a 3.5 acre site with a two-story, 157,000 s/f building in the Raymond L. Flynn Marine Park. Cannistraro will substantially rehabilitate the property for use as a prefabrication and assembly plant for plumbing, fire protection, HVAC piping and sheet metal systems for installation at construction sites throughout the region.
Historically known as “Building 16,” 25 Fid Kennedy Ave. was built in 1940 by the U.S. Navy as a multi-trade heavy machine shop. The open, steel frame structure and forty-ton overhead crane capacity facilitated large-scale metal fabrication and assembly supporting the U.S. efforts in WWII. “The renovations at 25 Fid Kennedy Avenue will preserve the legacy of its industrial Art Deco architecture and utilitarian use,” said John Cannistraro. “We are proud to showcase the craftsmanship of local tradespeople, and to advocate continuous improvement and best practices within the construction community.”
25 Fid Kennedy Avenue - Boston, MA
25 Fid Kennedy Avenue - Boston, MA
In addition to providing jobs for city residents, the move enables Cannistraro to apply green building technologies, lean manufacturing principles and modular building methods. A significant amount of flex space within the facility will be available for innovative projects in collaboration with industry partners. Cannistraro is expected to occupy 25 Fid Kennedy Ave. in September 2017. The company’s corporate offices will remain in Watertown.
J.C. Cannistraro, LLC offers complete mechanical construction services within Greater Boston, including plumbing, fire protection, HVAC piping and sheet metal; and facility service and maintenance throughout New England. With over 800 employees and annual revenues exceeding $200 million, the company is currently ranked the Largest Mechanical Contractor in Massachusetts by the Boston Business Journal, and listed among the Top 25 Mechanical Contractors in the U.S. by Engineering New Record. For more information visit www.cannistraro.com.
Tags:
Front Section
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,
Columns and Thought Leadership
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:
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
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.
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.