News: Front Section

Newmark completes seven leases for Drucker at 211 Congress St.

Boston, MA Newmark has completed seven leases totaling more than 30,000 s/f at 211 Congress St. in the city’s Financial District. Newmark senior managing directors Jason Cameron and Jim Brady and associate Liam O’Connor serve as exclusive leasing advisors for the property, representing the asset owner, an affiliate of New York-based Drucker Associates, in the transactions. The asset is managed by Deb Werth of Lincoln Property Company.

“We are thrilled to have leased more than 30,000 s/f over the past 12 months to such quality tenants,” said Cameron. “This strong leasing momentum demonstrates Drucker’s enthusiasm and ability to make the investments necessary to complete deals in the current leasing environment and speaks to the building’s great location and amenities–factors that resonate with the tenant base in today’s market.”

The recent leases completed by the Newmark team include:

• Comniscient Technologies, LLC signed a renewal and expansion for 10,769 s/f. The tenant was represented by Patrick Nugent of JLL.

• RMF Engineering signed a lease for 3,727 s/f. The tenant was represented by Mary Patalita of Cushman & Wakefield.

• NBW Capital leased 3,643 s/f. The tenant was represented by Andrew Orpik of Cresa.

• Invenomics signed a direct renewal and expansion for 3,494 s/f.

• An affiliate of Westbrook Partners signed a direct renewal for 3,448 s/f. Drucker purchased the asset from Westbrook in 2018, and Westbrook has maintained their local office in the asset since.

• Red Bull signed a lease for 3,403 s/f. The tenant was represented by Lauria Brennan of Cushman & Wakefield.

• Better Bagels signed a lease for 1,853 s/f of retail space.

211 Congress St. is an 11-story, 80,000 s/f office building located on a corner in the Financial District. Building amenities include a tenant lounge, conference center, a gym with lockers and showers and bicycle storage. Better Bagels, Starbucks and FedEx Office, Print & Ship Center are all on-site.

The building overlooks Post Office Sq. and offers three sides of natural light.

“We are honored to have been selected by such quality companies to provide their Boston office needs. This validates our commitment to continuously invest in prime assets and to partner with great local management companies and leasing teams. We would like to thank all those in the brokerage community who have helped us in the lease-up effort,” said Harvey Drucker of Drucker Associates.

Centrally located on the corner of High St. and Congress St., 211 Congress is a five-minute walk to subway and commuter rail trains and two buses at South Station. It offers easy access to I-93, the Massachusetts Turnpike and many parking options. Tenants enjoy access to numerous shopping and dining choices, including the Seaport and Downtown Crossing districts, as well as the newly opened High Street Place Food Hall next door.

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
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.
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.