News: Front Section
Posted: September 4, 2020
Lincoln Property Company secures 56,100 s/f in leases at Mill & Main
Maynard, MA Lincoln Property Company has negotiated multiple new leases and renewals totaling over 56,100 s/f at Mill & Main, a 1.1 million s/f, eight-building creative office campus. Tim Latham, Chris Devaux, Carolyn Molloy and James Tambone of Lincoln’s west suburban brokerage team handle leasing on behalf of the landlord.
In the age of social distancing, businesses are reimaging office and work life after the coronavirus. The pandemic has forced companies to focus on how they can keep employees safe, healthy and productive. Mill & Main was recently awarded Bureau Veritas’ SafeGuard Hygiene Excellence certification for health, safety and hygiene excellence. With this certification, the campus is already ahead of the curve to inhibit the spread of COVID-19.
“While companies weigh the options for return, many will see the value in a full or partial suburban relocation. From avoiding public transportation and packed elevators, to having access to additional space, the suburban campus setting at Mill & Main will be an attractive solution for many tenants,” said Chris Devaux, vice president on Lincoln’s leasing team.
Recent leases signed include two new leases and several lease extensions and expansions.
Powell Flutes signed a long-term lease renewal and expanded its total square footage to 22,800 s/f.
TransPerfect Translation and Exponent Inc. signed lease extensions for 16,530 s/f and 8,929 s/f respectively.
Integrated Project Management (IPM) signed a new lease for 3,500 s/f. IPM, which provides strategic project management services to biotech, pharmaceutical, and medical technology companies, will be relocating from West Concord.
Jackpine Technologies renewed and expanded its lease to 3,880 s/f.
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)
Columns and Thought Leadership
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.
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.
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:
