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Majewski, Levendusky, Siciliano, Kinlin and Plaisted of CBRE/New England arrange 40,977 s/f in leases for Griffith Properties

On behalf of Griffith Properties, CBRE/New England completed 40,977 s/f in new leases at Lexington Crossing. Three office leases were signed at the five-building office park including Atmospherics & Environmental Research for 24,690 s/f; CliftonLarsenAllen, LLP for 12,976 s/f; and GeNo, LLC for 3,311 s/f. Lexington Crossing, located in the Rte. 128 Technology Corridor at the interchange of Rtes. 128 and 4/225, is comprised of 70 Westview St., 20 Maguire Rd., 81, 83 and 131 Hartwell Ave. CBRE/NE's Andy Majewski, Jason Levendusky, Matt Siciliano, Rob Kinlin and Alex Plaisted represented the landlord. Tucker Shade and Steve Woodworth from Savills Studley represented AER, a firm that helps government agencies anticipate and manage climate and weather related risks. Cresa's David Ross represented GeNo, a privately held biopharmaceutical company. NGKF's Andrew Blaustein and Troy Coady represented CliftonLarsonAllen, a professional services firm for wealth advisory, outsourcing and public accounting. "Located just 19 miles from downtown Boston, 5 miles from Burlington and 9 miles from Waltham, Lexington Crossing has a lot to offer in terms of accessibility and on-site amenities," said Levendusky. "These new leases validate the improvements and capital upgrades that Griffith Properties implemented since they purchased the park in June 2013. We are excited to further diversify Lexington Crossing's tenant roster." The 310,000 s/f five-building campus is comprised of office and R&D space, and has the potential for 101,868 s/f of lab space at 20 Maguire Rd. Lexington Crossing features a fitness center, cafeterias throughout the campus, Wi-Fi connectivity and shuttle service to the MBTA's Alewife Station. In addition to area amenities, the campus is adjacent to Hanscom Air Force Base and easily accessible from all directions.
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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