NAI Hunneman's Gifford and Cooney facilitate Synergy's lease
NAI Hunneman has brokered the lease 3,309 s/f of class-A office space to Extell Development at 4 Liberty Sq., bringing the building to full occupancy.
Jonathan Gifford, senior vice president, and David Cooney, senior associate, both of NAI Hunneman, represented the landlord, Synergy, a Boston-based real estate investment and development firm focusing on investment assets and residential development opportunities in the New England region. Gifford and Cooney also procured the tenant, Extell Development, a nationally acclaimed real estate developer of residential, office, hotel, and retail properties whose Boston developments include the InterContinental Hotel at 500 Atlantic Ave.
"4 Liberty Sq. is an excellent building, in a superior location with an accommodating landlord. Most importantly, it was the right fit for this tenant." said Gifford.
4 Liberty Sq. is a seven story masonry building constructed in 1900 and renovated in 1988. It consists of 25,818 rentable s/f with a mix of ground floor retail and office suites above. The building is located in the financial district.
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.
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.
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: