Lee and Blount of Colliers International handle 37,056 s/f in leases at 55 State Street
Racepoint Group and Digital Influence Group have recently executed a sublease for 37,056 s/f of office space at 53 State St. Racepoint Group and Digital Influence Group will relocate its corporate headquarters from 404 Wyman St. in Waltham in June 2012.
The Colliers International brokerage team of Tad Lee and Kristin Blount represented Racepoint Group and Digital Influence Group in the transaction. Christopher Cuddy and Peter Conlin of CB Richard Ellis New England represented the sublandlord, Fidelity Investments.
Built in 1985 and renovated in 1998, 53 State St., also known as Exchange Place, provides over one million s/f of office space in a 40-story tower. The building's lobby is a seven-story glass-enclosed atrium with shops, restaurants, banking facilities on street and concourse levels. An underground garage provides parking for the property.
Exchange Place is located on the corner of State St. and Congress St. in the city's Financial District.
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.
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.
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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
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.