News: Front Section

RBJ negotiates two leases totaling 62,400 s/f for KBS Realty Advisors

Richards Barry Joyce & Partners, LLC (RBJ) has negotiated two leases on behalf of KBS Realty Advisors at 35 Nagog Park. The leases, signed with Ciena Corp. and Azimuth Networks, total 62,400 s/f. Ciena Corp. signed a lease renewal of 45,855 s/f. The Maryland-headquartered company occupies office and electronics laboratory space on the building's first and second floors. Ciena was represented by Robert Nahigian of Auburndale Realty. Azimuth Systems signed a new lease for 16,545 s/f. The company will relocate its corporate headquarters to 35 Nagog Park from nearby 31 Nagog Park. The new lease marks an expansion for the technology company. Azimuth was represented by Theodore Lee and Christopher Lawrence of Colliers Meredith & Grew.   "We are pleased to have accommodated both Ciena Corp. and Azimuth Systems in their leasing requirements at 35 Nagog Park," said John Kolb, vice president at KBS Realty Advisors. KBS Realty Advisors was represented in the Ciena and Azimuth transactions by Brian McKenzie, John Wilson, James Lipscomb and Robert Byrne of RBJ.  
MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

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.
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

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
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>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.