News: Front Section
Posted: May 6, 2016
Losi and Sciolla of Cresa Boston represent Partners in Health in 37,586 s/f lease
Derek Losi, Cresa Boston
Joe Sciolla, Cresa Boston
Boston, MA Derek Losi and Joe Sciolla of Cresa Boston recently represented Partners In Health (PIH) in a 37,586 s/f office relocation and expansion to 800 Boylston St. Partners In Health, founded in Boston in 1987, delivers healthcare to patients in remote places where healthcare is limited or barely exists. It works closely with national governments and other partners in 10 countries to improve and expand health services to those in need.
Prudential Center, 800 Boylston Street - Boston, MAThe nonprofit organization previously occupied 21,906 s/f at 888 Commonwealth Ave. Partners In Health needed a larger office space to accommodate its growing operations.
According to Losi, the new space in the Prudential Center will enhance the work environment and increase productivity for Partners In Health’s employees. The features of the building that attracted Partners In Health were the open layout and convenient Back Bay location. The new location also features easy access to the heart of Boston’s health care community.
Barry Dubé from Cresa’s Project Management Group is overseeing the buildout of the new space to create a collaborative and desirable work atmosphere for Partners In Health.
The projected move-in date is July 1. The landlord, Boston Properties, represented itself in the deal.
Cresa LLC, the world’s largest corporate real estate advisory firm exclusively representing tenants/occupiers, is headquartered in Boston.
Cresa is the world’s largest tenant-only commercial real estate firm. In representing tenants exclusively — no landlords, no developers — we provide unbiased, conflict-free advice. Our integrated services cover every aspect of a real estate transaction from site selection and financing to project management and relocation services. We offer our clients customized solutions with over 60 offices covering 75 markets worldwide.
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,
Quick Hits
Columns and Thought Leadership
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.
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.
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.