News: Front Section
Posted: August 19, 2016
Lowe of Cresa Boston arranges 7,109 s/f lease to Covington Associates at 99 Summer Street
Rick Lowe, Cresa BostonBoston, MA Rick Lowe of Cresa Boston represented Covington Associates in a 7,109 s/f new office lease for a portion of the 2nd floor at 99 Summer St. Covington Associates is an investment banking firm providing advisory services to the healthcare, business services, consumer & industrial, and technology industries. Covington Associates currently occupies space at 265 Franklin St.
99 Summer Street - Boston, MAAccording to Lowe, Covington’s goal was close proximity to South Station. He said 99 Summer St. offered the most attractive long-term space solution and full-service building amenities, leading to the decision to relocate to the building.
Barry Dubé and Mike McCormick from Cresa’s Project Management Group are overseeing the buildout of the space.
The projected move-in date is October 1.
The landlord, Rockpoint Group LLC, was represented by JLL in this transaction.
Cresa is North America’s largest tenant-only commercial real estate firm. In representing tenants exclusively — no landlords, no developers — Cresa provides unbiased, conflict-free advice. Integrated services cover every aspect of a real estate transaction from site selection and financing to project management and relocation services. Cresa offers clients customized solutions with nearly 60 offices in 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,
.png)
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:
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.