News: Front Section
Posted: February 25, 2022
Lincoln Property Co. negotiates 14,163 s/f lease at Liberty Wharf
Boston, MA According to Lincoln Property Company (LPC), cybersecurity firm Aura, has signed a 10-year lease of 14,163 s/f at the now fully leased 250 Northern Ave., Liberty Wharf in the city’s Seaport. Landlord Invesco Real Estate, a global real estate investment manager, was represented by LPC’s senior vice president, Brendan Miller. The tenant was represented by Brendan Daly and Ben Sutton with Newmark.
Aura, a leading provider of all-in-one digital security for consumers, makes their move from the Burlington suburbs to the innovation-hub Seaport District and will occupy the entire 3rd floor as their new corporate headquarters. LPC also recently renewed several tenants in the Wire Scored certified building, including The Cronin Company, RStudio and FAMA PR.
“Aura’s relocation of its headquarters is evidence of the revitalization and upward trends of the Boston Market over the last year, and demonstrates the benefit and value that physical areas like the Seaport District give to companies and their employees. Work-life balance and well-being of employees are an important factor in a company’s real estate strategy, and office locations that offer diverse benefits will continue to become more desirable to companies,” said Miller.
Well situated in the innovation area of the city, 250 Northern Ave. offers tenants a class A waterfront location in the enviable, amenity-rich Seaport District.
Tags:
Front Section
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,
.png)
Columns and Thought Leadership
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
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
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
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.
