News: Front Section
Posted: March 22, 2019
Newmark Knight Frank arranges 247,060 s/f industrial lease expansion to Nypro
Devens, MA Newmark Knight Frank (NKF) has completed a 247,060 s/f lease renewal and expansion to Nypro, Inc. at 112 Barnum Rd. NKF executive managing directors J.R. McDonald and Torin Taylor, along with associate Ross Gaudet, represented the property ownership group, Artemis Real Estate Partners, Drake Real Estate Partners and Pacer Partners, in the lease negotiations.
112 Barnum Rd. is a 402,249 s/f manufacturing building. The facility was constructed in 2008 as a solar panel facility for Evergreen Solar. Built with the highest quality standards available, the design, quality and infrastructure is unmatched in New England. 112 Barnum Rd.’s location within the Devens Industrial Park offers easy access to I-495 and Rte. 2.
Founded in 1955, Nypro offers healthcare customers some of the widest arrays of design and manufacturing capabilities in the industry. The firm expanded its lease at 112 Barnum Rd. from 215,790 s/f to 247,060 s/f.
“Nypro, Inc.’s expansion/extension is a testament to the excellent infrastructure and value that is offered at 112 Barnum Rd.,” said McDonald. “It is also the result of Nypro Inc.’s strong core business and its commitment to Devens, Mass.”
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,
Quick Hits
.png)
Columns and Thought Leadership
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.
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.
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
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.
