News: Front Section
Posted: May 12, 2017
Klemmer, Brodigan and Driscoll of Colliers International handle 25,000 s/f lease on behalf of the landlord, Simboli Properties
Chelsea, MA Building upon the success of the programs at its existing Bellingham Sq. campus, Bunker Hill Community College has signed a 25,000 s/f lease, allowing it to fully relocate its campus to 70 Everett Ave. The new site will provide four times as many parking spaces for students while still being a short walking distance from several bus stops and the train station on the Newbury/Rockport commuter rail line. In addition, the college’s main Charlestown campus also provides shuttle service between the two locations for maximum connectivity.
In representing the landlord, Simboli Properties, executive vice president Greg Klemmer, vice president Tim Brodigan, and associate Dan Driscoll of Colliers International were able to lock Bunker Hill into space that accommodates its needs but also provides opportunities for future growth in the 91,000 s/f, five-story 70 Everett Ave. as well as in Simboli’s four-building campus as a whole.
Brodigan said, “The space was formerly home to Everest Institute and therefore reconfigured very easily for Bunker Hill’s classroom operations.”
Colliers International Group Inc. is an industry-leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 12 consecutive years, more than any other real estate services firm.
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,
.png)
Quick Hits
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:
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.
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.