News: Front Section

Knittle of Cummings Properties signs Batavia to 5,000 s/f at TradeCenter 128

In a move to establish a foothold in the U.S. market, Dutch firm Batavia Bioservices recently leased more than 5,000 s/f at TradeCenter 128. According to Batavia's president and CEO, Menzo Havenga, the biopharmaceutical firm has grown more than 400% in the last two years. Havenga said, "We have chosen the greater Boston area since this will allow for very short communication lines with our customers, which we deem extremely important in delivering on time and on budget." Batavia worked directly with Cummings Properties key accounts manager Marc Knittle on the lease agreement. According to Knittle, Cummings Props. has enjoyed a long history with life sciences firms. In addition to providing office and laboratory space for industry giants like Amgen and Thermo Fisher Scientific. Dennis Clarke, Cummings' president and CEO, said, "It has been a pleasure working with Batavia to meet its specialized laboratory needs. The firm has a very bright future, and will find good company at TradeCenter 128, where several international firms have located their U.S. headquarters." Susan Windham-Bannister, Ph.D., MLSC's president and CEO, said, "Batavia provides an important service to the life sciences industry, and its presence in Massachusetts will contribute to our economy, as well as strengthen our life sciences supercluster. I am confident that the team at Batavia will find all of the resources and partners they need to grow in Massachusetts." Fellow Dutch life sciences firm AdvanDx, Inc. is also located at the landmark TradeCenter 128 office and technology park. According to Knittle, "Woburn provides a very supportive environment for biotech companies, with its straightforward permitting process, a strategic location at I-95 and I-93, and affordable lease rates." The city of Woburn is one of less than two dozen Massachusetts cities and towns designated as a platinum-level "BioReady Community" by the Massachusetts Biotechnology Council.
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
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:
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.
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.
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.