JLL completes 150,000 s/f improvement project for GSI Group, team includes: Wassersug, DePippo, Ginand, White, Mitchell and Baldwin; lease negotiations led by Cordeau
Jones Lang LaSalle has completed a 150,000 s/f base building rehab and tenant improvement project for GSI Group, Inc. at 125 Middlesex Turnpike. The facility consolidates GSI's Mass. locations and serves as the global manufacturing leader's global headquarters.
Jones Lang LaSalle's construction team was led by project executive Steven Wassersug. Other team leadership included: senior construction manager William DePippo, estimator Karl Ginand, and superintendents Kevin White, James Mitchell and Jeff Baldwin. Winter St. architects served as architect and RDK Engineers as engineer. Jones Lang LaSalle senior VP Daniel Cordeau represented GSI during its lease negotiations at the property.
Construction included improvement of 90,000 s/f of manufacturing, warehouse, testing and assembly areas and 60,000 s/f of office space. Key features of the new facility include: integration of a state of the art testing area; light assembly areas; and 100,000 s/f clean room environments. The project was completed in five months and delivered one month ahead of schedule.
"GSI is a highly energized client and passionate about their new facility. We successfully delivered a state of the art facility in a period of time that was compliant with their corporate challenging time line for the move. We wouldn't have been able to deliver the facility four weeks ahead of schedule without the outstanding collaboration of the architect, engineer, client and our entire construction team," said DePippo,
Jones Lang LaSalle's construction team is manages over $190 in project volume annually. Their work ranges from interior buildouts to mixed-use developments with specialties in office, laboratory, manufacturing and distribution facility, renovation, R facility and retail projects.
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.
>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.
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.
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.
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