O'Brien of Greater Boston Commercial Properties represents Accelrys, Inc. in new 19,556 s/f lease
Bret O'Brien of Greater Boston Commercial Properties (GBCP) recently represented Accelrys, Inc. in leasing 19,556 s/f at 9 Industrial Rd. O'Brien acted as the companies tenant representative in this relocation of the companies operations from 10,000 s/f at 25 South St. in Hopkinton.
After a comprehensive search of the market it became apparent that despite a tremendous amount of office vacancy along Rte. 495, 9 Industrial Rd. was the only building in the Milford market that could offer 20,000 s/f of contiguous first class office space. Although the space has been vacant for several years the transaction included a sublease from Lehigh Consumer Products who master leases the entire building through 2015. The balance of the term is a direct lease through the landlord Brookwood Milford, LLC.
Accelrys plans to take occupancy October 1st, provided that all of the tenant improvements have been completed prior to that date.
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,
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.
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.
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:
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.