News: Spotlights

New England SIORs handle 1.1 million s/f during fall/winter

The New England SIOR Chapter members during the fall and winter of 2009-10 completed a number of major advisory and transactional assignments. Corporate America and regional corporations indicated that SIORs are the premium brokers in the office/industrial New England real estate markets whom they entrust for expert knowledge and skills. The fall and winter of 2009-10 experienced approximately 1,099,565 s/f of commercial real estate valued at approximately $103,909,260 represents that trust. Congratulations to all the New England SIOR members! * Garry Holmes, SIOR of RW Holmes sold One Apple Hill, Natick for $30.8 million from Atlantic Philadelphia Realty to The Math Works. One Apple Hill is a three-story building which totals approximately 170,000 s/f and has approvals to build an additional 150,000 s/f. Holmes also leased 17,596 s/f of office space at 10 California Ave., Framingham to Genzyme. He also sold 3 Tech Circle, Natick for $1.41 million. This 8,731 s/f office building was purchased by MACCT Realty Holding LLC and the seller was CPAs LLC. Holmes also assisted BJ's Warehouse in its lease of additional 6,000 s/f of office space at 4 Strathmore Rd., Natick. He then leased 15,111 s/f of office space to Kahn, Litwin, Renza & Co. at Watermill Center, Waltham. * Tom Sweeney, SIOR of Rodman RE leased 3,900 s/f of office space to McLaughlin & Quinn located at West River Center, 148 W. River St., Providence, R.I. for a 7-year period. * Mike Edward, SIOR of Lincoln Property leased 4,656 s/f of office space at 129 South St., Boston, to The Barbarian Group for the landlord Winhall Co. * Tony McDonald, SIOR of CBRE/Boulos and Drew Sigfridson, SIOR sold the former Antham Insurance Building in Portland, Me., an 85,000 s/f office building located at 110 Free St. to MaineHealth. McDonald and Sigfridson also leased 19,794 s/f of offices to Kepware Technologies at 400 Congress St., Portland, Me. McDonald also leased 4,877 s/f of office space to The State of Maine Dept. of Corrections at 107 Washington Ave., Portland, Me. * Jim Elcock, SIOR, Meredith & Grew, represented Tech Target in its lease of 87,875 s/f of office space at Riverside Center, Newton. Elcock also leased 31,140 s/f of office space to Gunderson Dettmer Stough Villeneuve Franklin & Hachigian at 850 Winter St., Waltham. He also leased 3,990 s/f of office space at 300 Ledgewood Place, Rockland to The Bulfinch Group. Elcock leased 3,500 s/f of headquarters space to PharmaVigilant at the Westborough Mill, Westboro. Elcock also represented Eastport RE Services in four leases at Reservoir South Office Park, Mansfield totaling 6,043 s/f to Amedisys, Coloseum Software Corp., Law Office of Stephen J. Fallon and New England Counseling Center. * Mark Stevens, SIOR, The Stevens Group, sold a 60,000 s/f industrial building located at 99 Atkinson St., South Boston to Trico USA for $3.75 million. Stevens then represented Barr Associates in its office/flex lease renewal of 47,780 s/f at 300 Potash Hill Rd., Tyngsboro. * Tom Farrelly, SIOR of Cushman & Wakefield leased 13,162 s/f in a renewal to Paychex and 12,365 s/f to Northeast Planning Association at 43 Constitution Dr., Bedford, N.H. Farrelly also renewed a lease to The Timberland Co. totaling 246,000 s/f at 200 Domain Dr., Stratham, N.H. at its corporate headquarters. * Rob Nahigian, SIOR, Auburndale Realty Co. completed an office lease transaction representing OMICRON electronics, an Austrian-based company, for 5,600 s/f at 230 CityPoint, Waltham from Boston Properties. Nahigian then represented HMS in its office lease of 20,881 s/f at the Hood Business Park, 510 Rutherford Ave., Charlestown. * Greg Klemmer, SIOR, Klem-mer Associates, brokered the sale totaling 35,200 s/f on behalf of Maxfield Realty Trust to 239 Newburyport Turnpike LLC. The property is located at 239 Newburyport Tpke., Topsfield. * Neil Amper, SIOR, Rodman RE, leased 2,300 s/f of office space at 127 School St., Pawtucket, R.I. to Basler Chiropractic. He then leased 2,690 s/f of retail space at 120 Lambert Lind Hwy., Warwick, R.I. to Tolchinsky Furs. Amper then sold a 42,253 s/f parcel of land for $400,000 located at 30 Royal Little Dr. to Plaza Properties of PA to build a medical building. He leased 8,300 s/f of industrial/commercial space at 99 Jefferson Blvd., Warwick, R.I. to Enterprise Car Rental for a maintenance facility for its fleet. Amper also completed the lease of 73,320 s/f at 1015 Newman Ave. to Seekonkto Little Kids, Inc. * Frank O'Connor, SIOR, NAI Dunham Group, leased 5,000 s/f of space to The Peekaboo Children's Center, LLC at 90 Bridge St., Westbrook, Me. * Mike Giuttari, SIOR, MG Commercial, leased 60,000 s/f of manufacturing and warehouse space to Portola Tech International at 35 Martin St., Cumberland, R.I.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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