News: Front Section

New Boston Fund executes two leases totaling 4,659 s/f at New England Business Center

On behalf of New Boston Fund, Inc., CB Richard Ellis completed two leases totaling 4,659 s/f at 10 New England Business Center. New Boston Fund has owned and managed the three-story 88,024 s/f office building since December of 2005. Two office deals, one lease renewal and one new lease respectively, were facilitated with Melanson Heath & Company for 2,871 s/f and SNI Companies for 1,788 square feet. "SNI Companies will be an excellent addition to our roster of tenants and we are pleased that they have signed a long-term lease," said CBRE's Kerry Olson. "On top of that, we are thrilled to have Melanson Heath & Company continue to call 10 New England Business Center home - their decision to renew the lease illustrates the value and benefit for tenants at New England Business Center." The CBRE team of Kerry Olson, vice president, and Robert LeClair, associate, represented the landlord in the transaction. SNI Companies, a provider of recruitment and staffing services, was represented by Colliers Meredith & Grew's Chris Lawrence and Brian Tisbert. Melanson Heath & Company, a regional accounting and management firm, renewed their lease at the building and was represented by Tyler Ewing of Grubb & Ellis. 10 New England Business Center is part of a three-building, 248,000 s/f, master-planned office park. The park encompasses 42 acres of land and features views of the Merrimack River and a natural wooded surrounding. Amenities include a daycare, a cafeteria and a fitness room with a full-service. Marriott Courtyard Hotel and Wyndham Hotel are adjacent to the office park. New England Business Center is ideally situated at the junction of I-93 and River Rd. and is just minutes from Rtes. 495 and 128.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

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.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

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:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

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.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

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.