NAI Hunneman's suburban leasing group leases 105,000 s/f of office space to multiple tenants
NAI Hunneman's suburban leasing team recently leased 105,000 s/f of office space to multiple tenants in the Greater Boston suburbs, and reported that tenant activity is brisk and showings are up for properties that are priced right, built-out and include furniture. NAI Hunneman also reported that all tenants are looking for space that represents a good value and is in move-in condition.
NAI Hunneman's suburban leasing group, which includes James Boudrot, Brendan Daly, Evan Gallagher, David Gilkie, Stephen James, Michael McCarthy and Greg Larsen, specializes in representing tenants of all sizes in the Greater Boston suburbs and along Route 128.
Recent leases include:
*Broad Institute for 17,000 s/f of office space in Cambridge;
*Visiting Nurses Association for 30,000 s/f in Lawrence;
*Intrinsic Therapeutics for 21,300 s/f in Woburn; and
*Buyer Advertising for 12,200 s/f in Newton.
Other leases include Onset Technologies in Waltham, Odyssey Systems in Wakefield and Burlington, and Context Vision in Newton.
In addition, NAI Hunneman was recently named exclusive agent to sublease up to 57,000 s/f of space at One Federal in Billerica.
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 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!
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 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