News: Front Section

Jones Lang LaSalle's Thompson, Cordeau and Kollar negotiate Exa's 66,000 s/f lease

Nordblom Co. has a new occupant at Network Dr. at Northwest Park, the 158-acre corporate campus. Exa Corp. has signed a lease for 66,000 s/f of office space, the company's new headquarters. Adele Olivier, senior VP, director of commercial property and asset management at Nordblom, managing director Tamie Thompson, senior VP Dan Cordeau and assistant VP Dan Kollar of Jones Lang LaSalle negotiated the lease to Exa. JLL is handling the tenant improvement work for Exa and managing the move-in, which is slated for November. "Network Drive at Northwest Park was a logical choice for Exa as it offers the quality of space and infrastructure companies seeking a headquarters location require, as well as expansion possibilities to accommodate future growth needs. We are delighted to welcome Exa to the campus," said Adele Olivier of Nordblom Company. About Network Drive at Northwest Park Featuring contemporary architecture, the campus is designed with an eye for sustainability and expansion.  Network Drive at Northwest Park rests on approximately 158 acres at the intersection of four major arteries; Route 128, Route 3, Route 62 and Middlesex Turnpike.  Built to institutional standards, the properties feature quality finishes with a robust infrastructure.  This first-class office park sits adjacent to the Nordblom-controlled Northwest Park.  For more information about the property and leasing and development opportunities, please visit www.networkdriveburlington.com. About Nordblom Company Nordblom Company is a Boston-area real estate enterprise specializing in achieving investor and user objectives in the ever-changing real estate environment. Founded in 1924, the company owns, develops, manages, and sells commercial and multi-family properties throughout the New England and North Carolina markets. Headquartered in Burlington, Massachusetts with offices in Boston, Brookline and Raleigh, the Nordblom Company has a 50 year relationship with the Town of Burlington.  For more than 80 years, Nordblom Company and its affiliate Nordic Properties have been fixtures in the Greater Boston real estate market, with investment, management, development, and investment brokerage capabilities. Of particular note, Nordblom Company was a pioneer developer of suburban parks along suburban Boston's Route 128 corridor as the highway was being established in the 1950's.  One of its most prominent developments is the 1.4 million square foot Northwest Park located in Burlington, adjacent to the Network Drive Campus.  For more information, please visit www.nordblom.com. About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenue of $2.7 billion, Jones Lang LaSalle has approximately 180 offices worldwide and operates in more than 700 cities in 60 countries.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with more than $54 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.
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
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.
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,
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