RBJ brokers four leases totaling 335,220 s/f at 53 and 73 State St.
Richards Barry Joyce & Partners, LLC (RBJ) has brokered four leases totaling 335,220 s/f for Brookfield Properties. The leases are at 53 State St., Exchange Place, and 75 State St., both located in Boston's Financial District.
RBJ is the leasing agent for both 53 and 75 State St. Michael Joyce, partner, and VPs Thomas Ashe and Tom O'Regan of RBJ represented Brookfield in each of the leases.
Fidelity Investments signed two lease renewals totaling 220,079 s/f at 53 State St. The first transaction, a short-term lease for 169,943 s/f, covers space on floors 4, 5, 10, 11 and 12. The 2nd transaction is a long-term lease for 50,136 s/f. Fidelity was represented in the transactions by Chuck O'Connor of DTZ FHO Partners.
Boston Consulting Group signed a lease renewal for 78,488 s/f on the 30-32 floors of 53 State St. BCG was represented by Andrew Hoar of CB Richard Ellis.
Advent International, renewed a lease for 36,653 s/f. The space, on the 2nd and 29th floors of 75 State St., is for the firm's regional headquarters. Advent was represented by CBRE.
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.
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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.
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,
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.