News: Front Section

Next Step Healthcare signs 10,700 s/f lease at TradeCenter 128

Woburn, MA Next Step Healthcare, which specializes in skilled nursing facilities, will open its first corporate office this month. The company has leased a 10,700 s/f space at Cummings Properties’ TradeCenter 128 business campus.

Next Step Healthcare owns and manages 40 skilled nursing healthcare facilities and several assisted living communities, the majority of which are in Massachusetts. The company was founded in 2007 by Damian Dell’Anno and William Stephan, and operated out of shared office space in Needham prior to the move to the new office. 

Next Step Healthcare’s TradeCenter 128 office will house 40 colleagues across the company’s administration, human resources, finance, legal, and marketing departments. 

“Next Step Healthcare was looking for a first-class office space that also afforded easy highway access,” said senior leasing director Rob Yacobian of Cummings Properties. “TradeCenter 128 fit the bill perfectly, with its outstanding quality and suite of convenient amenities. We’re delighted to welcome them to the Woburn business community.”

“We represent more than 5,500 staff in 38 skilled nursing facilities,” said Janelle Fairbrother, Next Step’s vice president of administration. “A corporate office in Woburn was ideal for us, as it is centrally located in relation to the care centers we manage.”

Opened in 2008, TradeCenter 128 has more than 500,000 s/f of office space on I-95. The business campus is also home to Middlesex County Superior Court, Strega Prime Italian Steakhouse, and numerous businesses in the technology, legal, and life sciences sectors.

Cummings Properties’ portfolio of 11 million s/f of space accommodates offices, healthcare facilities, labs, restaurants, retail storefronts, warehouses, executive suites, and more. 

With a portfolio of this size and variety, the firm can meet almost any commercial real estate need from 150 s/f to 300,000 s/f. Its in-house experts in design, construction, and property management offer “one-stop shopping” for the business community.

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
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.
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
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.