Richards Barry Joyce & Partners arranges 59,970 s/f lease to Clark Cutler McDermott Co.
Richards Barry Joyce & Partners, LLC (RBJ&P) represented Clark Cutler McDermott Co. (CCMcD) in a 59,970 s/f, long-term lease renewal at 130 Constitution Blvd.
CCMcD leases the entire building at 130 Constitution Blvd., which is part of the Franklin Industrial Park. The location serves as the company's primary warehouse location. CCMcD is headquartered at 5 Fisher St., where it has been located since its founding in 1911.
The building serves as a critical site for the company's overall manufacturing process in town by providing warehouse and staging for material and finished goods.
"Clark Cutler McDermott has been a presence in the Franklin area for more than a century," said John Lashar, partner, RBJ&P. "It's terrific to work with a company with such longevity and strong local roots."
RBJ&P also represented the building's landlord. John Lashar and Paul Leone of RBJ&P were the sole brokers in the transaction.
The team was also involved with the initial lease transaction at the property five years ago.
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.
>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.
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.
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,