Pembroke Real Estate and Jones Lang LaSalle extend leasing agreements at Seaport West
According to Pembroke Real Estate and Jones Lang LaSalle, Foley Hoag LLP and Nutter McClennen & Fish LLP have renewed their leases totaling 328,000 s/f, through 2021 and 2022, respectively, at Seaport West. Managing director William Barrack and assistant vice president Patrick Nugent of Jones Lang LaSalle represented Pembroke in both transactions. Charles O'Connor and Will Foley of FHO Partners represented Foley Hoag and Michael Joyce, John Barry and Thomas Ashe of Richards Barry Joyce & Partners LLC represented Nutter McClennen & Fish.
Foley Hoag and Nutter McClennen & Fish are both significant Boston-area law firms that have been Seaport West tenants since the building's opening in 2002.
Seaport West is a 575,000 s/f, 17-story, LEED Silver certified office tower and includes the adjacent three-story podium building and elevated Westport Park, the recipient of the Green Roof Award of Excellence from Green Roofs for Healthy Cities.
New England’s notorious weather – from fierce winter storms to summer squalls and fall hurricanes – can leave businesses in the dark. While power outages are often blamed on storms, they can also be caused by unforeseen events like accidents or construction mishaps. While it’s impossible to prevent disasters and power outages entirely, proactive preparation can significantly minimize their impact on your commercial building.
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary