NAI Hunneman and KS Partners assist in Genesys' 11,602 s/f lease
KS Partners, LLC has leased 11,602 s/f of office space at 130 New Boston St. to Genesys Conferencing, a global corporate web conferencing service provider. This deal represents a step for KS Partners in their transformation of this underperforming property.
Under the ownership of KS Partners, occupancy of 130 New Boston St. has increased from 47% to 83% in just five months. Since purchasing the building in late December 2007, KS Partners has overseen improvements to the three-story, 55,913 s/f building including renovated lobbies and enhanced common areas.
"KS Partners is very pleased with the quick success of 130 New Boston St.," said Kambiz Shahbazi, president of KS Partners. "Genesys in particular is a great fit for the property."
Steve James, executive vice president/principal; James Boudrot, senior vice president; and Evan Gallagher, senior associate; all of NAI Hunneman, along with Jim Grady, vice president/director of leasing for KS Partners, represented the landlord. Matt Harvey, associate vice president of CresaPartners, represented Genesys Conferencing, which was formerly located in Bedford.
"The recent renovations at 130 New Boston St. have greatly improved the image of the property as a whole," said Gallagher.
"Both NAI Hunneman and KS Partners were really great to work with." said Paul Burns of Genesys Conferencing.
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,
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.
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.
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:
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.