News: Front Section
Posted: July 6, 2018
Newmark Knight Frank completes 147,371 s/f lease extension to Novanta
Bedford, MA Newmark Knight Frank (NKF) completed a 147,371 s/f lease extension to Novanta, Inc. at 125 Middlesex Tpke. NKF executive managing directors Rich Ruggiero, Torin Taylor and Matthew Adams, along with senior managing director Rory Walsh, associate Ross Gaudet and brokerage services specialist Liz McNeill represented ownership, 125 Middlesex Turnpike LLC c/o Mohawk Partners, LLC.
Built in 1975 and rehabbed in 2009, 125 Middlesex Tpke. is a class A, 147,371 s/f, single-story, flex/manufacturing building featuring 75,000 s/f of office space. Novanta, a supplier of laser products, precision-motion and vision technologies, has occupied 125 Middlesex since 2008 and employing more than 400 people. The firm signed a long-term extension at the property, which serves as corporate headquarters.
Formerly GSI Group, Inc., Novanta was founded in 1968 and designs, develops, manufactures and sells precision photonic and motion control components and subsystems.
Tags:
Front Section
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,
.png)
Columns and Thought Leadership
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.
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
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:
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.