News: Front Section
Posted: July 8, 2016
O’Leary, Lien and Gratton of Cushman & Wakefield represent Duffy Properties in 50,578 s/f lease
lexington, MA Cushman & Wakefield represented Duffy Properties in its lease of 45 Hartwell Ave. The 50,578 s/f building, has been leased by Brammer Bio, LLC, a contract development and manufacturing organization (CDMO). The space will be used for Brammer Bio’s operations team.
45 Hartwell Avenue - Lexington, MACushman & Wakefield’s senior vice president Michael O’Leary, vice president Kate Lien and executive managing director Duncan Gratton represented Duffy Props. in the transaction, while CBRE senior vice president and partner Curtis Cole and vice president Alex Plaisted represented Brammer Bio.
“After its recent merger, Brammer Bio needed a space that would allow it to continue recruiting new clients and build relationships with existing clients,” said Steve Duffy, principal of Duffy Props. “I look forward to watching as Brammer Bio continues to meet the development and manufacturing needs of the cell and gene therapy market from this location.”
Situated just 20 miles from downtown Boston, 45 Hartwell Ave. is near Rtes. 4 and 255 off Rte. 128, with access to I-93 and the Mass. Pike. It is near Hanscom Air Force Base, with area amenities including the Burlington Mall, Boston Sports Club and many restaurants. The property is the former home of Synta Pharmaceuticals.
“Lexington has become a biotech hub in recent years, making it a fitting home for Brammer Bio’s operations team,” O’Leary said. “This location’s proximity to Boston and Kendall Square will allow Brammer Bio to easily connect with clients in both the city and the suburbs.”
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,
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.
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:
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.