Perry Brokerage Assoc. brokers two leases totaling 3,326 s/f in Boston
According to A.W. Perry, Inc., Perry Brokerage Associates (PBA) has executed two leases. Sprint Spectrum has renewed their lease at The Berkeley at 420 Boylston St. for 2,746 s/f and Ashland Partners & Co. LLP has signed a new lease for 580 s/f of office space at 77 Franklin St. Rich Beal of PBA represented the landlord and tenant in both transactions.
"We are pleased that Ashland Partners & Co. has chosen 77 Franklin St. as their new business location and that Sprint has chosen to extend with us at the Berkeley," said Kerri Gallaway vice president and property manager of A.W. Perry. "We take pride in our relationships with our tenants and look forward to serving them in the years to come."
77 Franklin St. is located at the intersection of Franklin St. and Arch St. in the Financial District. Built in 1912, the building features a prominent Financial District address just steps away from public transportation and many area amenities.
The Berkley at 420 Boylston St., is known as "the Crowned Jewel of the Back Bay."
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