News: Front Section

Kerrigan, Sullivan, Flanagan and Cook of Avison Young handle 14,700 s/f lease

Geosyntec Consultants, Inc. (Geosyntec), a specialized consulting and engineering firm, has signed an office lease for 14,700 s/f with landlord Campanelli at Strawberry Hill Corporate Center located at 289 Great Rd. Located on the first floor of the building since 2004, Geosyntec will relocate to a larger space on the building's second floor to accommodate growth. Avison Young principal Jack Kerrigan, Bill Sullivan and Anne Flanagan, a vice president and senior account manager, respectively, in the Boston office, represent the landlord and work closely with Danielle Simbliaris, leasing & marketing manager at Campanelli, to market the available office space. Avison Young principal Steve Cook represented Geosyntec in the transaction. Campanelli purchased Strawberry Hill Corporate Center in February 2014 and has implemented a significant capital-improvement program which comprises a fully renovated and modernized front entrance, repaved parking lot, upgraded landscaping and exterior lighting, and a new energy-management system. New onsite amenities include a modern fitness center, upgraded common spaces and LeanBox vending area, and the addition of a 4,000 s/f collaborative work space, WorkPlace, which offers 11 private, furnished offices for lease. "The location works well for our business and our employees. The commitment ownership has made to the building, including the improvements made in recent months, solidified our decision to stay," said Doug Larson, a principal engineer of Geosyntec. "Campanelli worked with us to relocate to space better suited for our operations and allowed us to sign a new long-term lease with confidence." "Since taking ownership of the property last year, Campanelli has had tremendous success attracting and retaining tenants," said Kerrigan. "This success is attributed not only to the quality of the building and its location, but to Campanelli's commitment to excellence as an owner and operator." Located on Rte. 2A, Strawberry Hill is situated near major highways including Rtes. 2, 495 and 128. With 1,000 s/f to 42,000 s/f available for lease, the four-story building is landscaped, visible to Great Rd., and provides an excellent parking ratio (3.6 per 1,000 s/f). The property features a brick exterior and ribbon window facade with a dramatic sloped glass atrium. Current building tenants include Harsip & Stuart, Inc., Automotive Networks Corporation, and Westchester Management. Nearby amenities include Citizens Bank, Dunkin Donuts and the Acton Shopping Plaza, which contains Roche Bros., TJ Maxx, T.C. Lando's and Not Your Average Joe's.
MORE FROM Front Section
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
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.
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:
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.

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.