News: Front Section

Richards and Cohen of Transwestern| RBJ advises Shire in 202,000 s/f lease

Transwestern | RBJ brokered a long-term lease totaling 202,492 s/f of office space for Shire, a biopharmaceutical company, at Two Ledgemont Center. Transwestern | RBJ's Robert Richards, president, and Brian Cohen, senior vice president, represented Shire in the lease for the entire five-floor building at 95 Hayden Ave. The owner of Two Ledgemont, an affiliate of Hobbs Brook Management LLC, was represented by Chip Batchelder, managing director, Wyman Street Advisors. The lease creates the largest suburban biotech campus in Greater Boston. Two Ledgemont Center is adjacent to Shire's existing campus, which consists of more than 650,000 s/f of office and laboratory space at Lexington Technology Park. In total, Shire will occupy 900,000 s/f in eight buildings in town. In November 2014, Shire said it plans to establish Lexington as the company's U.S. operational headquarters. "After working closely with Shire's management team to quantify the company's space needs, we created a strategic plan that solved short- and mid-term needs and were able to expand the campus contiguously by sourcing Two Ledgemont Center," said Richards. As part of Shire's occupancy in Two Ledgemont, Transwestern | RBJ negotiated interim office space at 235 Wyman St. for the company to execute its near-term growth plans. Transwestern | RBJ has counseled Shire on numerous commercial real estate transactions during an eight-year relationship. Most notably, the firm advised Shire on the lease-up and 2010 purchase of Lexington Technology Park.
MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.