Quinlan, Doyle and Sciolla of Cresa Boston represents Fred C. Church Insurance in 34,950 s/f
Matt Quinlan, Joe Doyle, and Joe Sciolla of Cresa Boston represented Fred C. Church Insurance, a regional insurance agency that offers insurance and risk management services to families, businesses and non-profit organizations, in a 34,950 s/f office lease renewal at 41 Wellman St., a class A building.
The company will continue to occupy the second floor and part of the first floor in the four-floor, 103,764 s/f building in Connector Park. The landlord, an affiliate of Lone Star Funds, was represented by Jason Levendusky of CBRE New England.
"We are delighted to have renewed our headquarters' location in Lowell," said Rob Schieni, CFO of Fred C. Church Insurance. "As we approach our 150th year, we are doing business all over the country, but our roots are here in Lowell."
Cresa LLC, one of the nation's largest corporate real estate advisory firms exclusively representing tenants, is headquartered in Boston.
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.
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
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.
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.
>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.