News: Front Section

NAI Hunneman completes leases totaling 6,226 s/f

Billerica, MA NAI Hunneman completed three separate lease transactions totaling 6,226 s/f at 6 Fortune Dr. The transactions bring the first-class office building owned by Farley White Interests to 90% occupancy. A summary of the deals is listed below:

• Diversified Technology Consultants leased 1,026 s/f on the third floor, moving its offices from Andover, Mass.

• Hillmann Consulting leased 2,398 s/f also on the third floor, relocating from Bedford, Mass.

• ProEx Physical Therapy leased 2,802 s/f on the first floor, opening a new location due to growth.

The NAI Hunneman team of David Gilkie, Jim Boudrot, Mike Allen, and Cormac Sullivan represented landlord Farley White in all three transactions, and also procured tenant Diversified Technology Consultants. Hillmann Consulting was represented by Kirk Weller from Transwestern, while ProEx was represented by Amanda Snell of The Stevens Group.

“In each instance, the tenants were drawn to the prime location in the Route 3 market, access to amenities and the first-class management provided by Farley White,” said Gilkie. “Contrary to some opinions, the Route 3 corridor continues to host a variety of new transactions.”

Offering a strategic location in the heart of the Rte. 3 corridor, 6 Fortune Dr. is a first-class, 26,500 s/f office building set on 1.3 acres of land. The building is just 15 minutes from a wealth of area amenities including the Burlington Mall and Wayside Commons, and is uniquely positioned to access well educated labor pools in suburban Boston and southern New Hampshire. 

Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. 

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
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.
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.