News: Spotlights

McDonough and Sciolla of Cresa Partners leases 20,501 s/f to Lewtan Technology

BPG Properties, Ltd. executed a lease for 20,501 s/f with Lewtan Technologies, Inc. (Lewtan) at Totten Pond Office Park, a 293,000 s/f, three building office park located off of Rte. 128. Lewtan will occupy the entire fourth floor of 400-2 Totten Pond Rd., a four-story 79,089 s/f office building. "After careful consideration of all options in the market place, Lewtan decided to relocate their headquarters to 400-2 Totten Pond Rd. They feel this new location allows for a more efficient layout and collaborative working environment creating a "cultural evolution" for Lewtan's employees." said Michael Rota, asset manager of BPG Props. who was responsible for overseeing negotiations on behalf of the landlord. Shawn McDonough and Joe Sciolla of Cresa Ptrs. represented Lewtan in the lease negotiations. The landlord was represented by Rob Walles, Andy Majewski and Matt Siciliano of CB Richard Ellis, the exclusive leasing agents for the park. Totten Pond Office Park consists of 400-2 Totten Pond Rd., 400-1 Totten Pond Rd., a four-story, 75,570 s/f office building and 460 Totten Pond Rd., a seven-story, 141,981 s/f office building. Amenities within Totten Pond Office Park include two newly renovated full service cafés in 400-2 and 460 Totten Pond Rd., a tenant only fitness center with showers and locker rooms in 460 Totten Pond Rd. and on-site ownership and management. In 2008, BPG completed renovations to the lobbies, common area corridors and restrooms of both buildings.
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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