News: Front Section
Posted: February 17, 2023
North Shore Medical Center renews/expands to 27,234 s/f at Combined Properties Centennial Park
Peabody, MA According to Combined Properties, Inc., North Shore Medical Center, has renewed their 16,600 s/f lease at Two Corporation Way in Centennial Park, and additionally expanded in second floor contiguous space above them at 10,634 s/f, bringing their total new square footage to 27,234 s/f.
“Two Corporation Way, one of six properties in our Peabody portfolio, is an excellent fit for North Shore Medical Center,” said said Greg Regazzini, senior vice president and director of leasing for Combined Properties. “The Centennial Park area is a hub for many industry leaders including Analogic, Boston Children’s at Peabody, Cardinal Health, and New England Orthopedic Specialists. North Shore Medical Center is right at home in the park.”
“The city of Peabody has done a great job of revitalizing Centennial Park by allowing the park’s zoning to include retail sales and service. When a business entity makes a real estate decision, they don’t only look at the bricks and mortar but also seek a variety of amenities for their employees and clients. The zoning changes in the park have paid dividends as an array of retail businesses have opened. This has enhanced the park’s appeal to companies seeking great space and a solid mix of amenities.”
Centennial Park is located at the crossroads of Rte. 128, I-95 and Rte. 1, and is 17 miles to Boston and Logan International Airport. Off exit 28 on Rte. 128, the North Shore business park offers convenience for value.
Combined Properties, Inc. is a full-service investment and development real estate firm specializing in first-class office, R&D, industrial, retail, medical, and multi-family residential properties in communities north of Boston. The Malden-based firm has purchased, developed, and managed more than 3 million s/f of space. With in-house experts in planning, permitting, development, architecture, financing, construction, leasing, and property management, our professionals work as a team to provide complete real estate solutions.
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.
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.
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: