News: Front Section

Levendusky and Hawkins of CB Richard Ellis/New England arranges lease for Bentall Kennedy

On behalf of Multi-Employer Property Trust, CB Richard Ellis/New England (CBRE) has facilitated a new lease at Burlington Centre. Global Crossing, a leading global IP solutions provider with one of the world's first integrated global IP-based network, will occupy 4,089 s/f at 35 Corporate Dr. The company plans to call Burlington Centre home this spring. "Burlington Centre is a very appealing office park in the Route 128 North area," said CBRE's Kerry Olson Hawkins. "The campus has a prime location with superb visibility, and excellent on-site and nearby amenities in addition to a responsive and well-capitalized landlord." As exclusive leasing agent for the office park, the CBRE team of Jason Levendusky, first vice president, and Kerry Olson Hawkins, vice president, represented the advisor for the landlord, Bentall Kennedy. Global Crossing was represented by Cushman & Wakefield's Rory Walsh. Burlington Centre is a 500,000 s/f, master-planned, class A office park situated on 70-plus acres off of Rte. 3A. The office park consists of four buildings, 10, 25, 30 and 35 Corporate Dr. Offering excellent access to Route 128 and situated just 15 miles northwest of Boston, the park boasts a meticulously landscaped suburban campus with views of the Boston skyline. Park amenities include two full-service cafeterias, outdoor patio seating, a fitness center, shower and locker facilities and on-site management. Area amenities within proximity include the Burlington Marriott Hotel, Summerfield Suites, Lahey Clinic, Wayside Commons and Burlington Mall. In 2009, the park was awarded the prestigious TOBY (The Office Building of the Year) honors for the Suburban Office Park of the Year by BOMA, the Building Owners and Managers Association. Constructed in 1998, 35 Corporate Dr. is a four-story, 120,000 s/f class A office building with recently achieved LEED-EB certification and an Energy Star Platinum rating. The building features a two-story atrium lobby rich with granite flooring, African wood paneling, and stainless steel fixtures. 35 Corporate Dr. offers visibility from Rte. 128/I-95. Ample parking is provided by means of surface spaces and a structured garage.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary