O'Brien of Greater Boston Commercial Properties brokers six leases totaling 34,237 s/f; Curley of O'Brien Commercial Properties, Gordon of Gordon Commercial Real Estate and Johnston of RW Holmes Realty assist in individual leases
Bret O'Brien of Greater Boston Commercial Properties recently brokered six new leases over a three month period in The Hopkinton Technology Park, totaling 34,237 s/f. The Hopkinton Technology Park consists of nine buildings totaling 230,000 s/f designed for all types of small to medium sized tenants.
Several of the tenants leased biotechnology and chemistry space at one of the park's life science buildings located at 92-98 South St., where EpigenDX took 5,058 s/f and Phosphorex, Inc. took 5,179 s/f.
The recent activity also included two solar companies. The first was Astrum Solar who leased 10,000 s/f of warehouse and offices at 9-15 Ave. E, and was represented by David Curley of O'Brien Commercial Properties. The second was Sky High Energy who leased 3,000 s/f of warehouse and offices at 1-7 Ave. D, and was represented by Jim Gordon of Gordon Commercial Real Estate.
Lab Tech leased 5,000 s/f of flex space at 108-114 South Street. Craig Johnston of RW Holmes Realty represented Lab Tech in this relocation from its previous location in the New Englander Industrial Park in Holliston.
Also at 1-7 Ave. D HPC Construction leased 6,000 s/f of warehouse space. The company is an installer of cellular towers and equipment. HPC and EpigenDX were each procured directly by O'Brien, who was the sole broker in both transactions.
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.
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.
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.
>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.
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