Saracen Props. and AEW Capital execute 5,913 s/f lease to The Law Offices of Joel H. Schwartz, P.C.
Owners Saracen Properties and AEW Capital Management have executed a lease for 5,913 s/f of first class office space with The Law Offices of Joel H. Schwartz, P.C. at One Washington. Jones Lang LaSalle senior vice presidents Ben Heller and Tom O'Regan represented the owners. Principal James Topper and assistant vice president Brandon Leitner of CresaPartners negotiated on behalf of the tenant.
Joel Schwartz partner Steven Schwartz said, "We are very excited to become a part of One Washington. It is a high class building with a custom buildout on the top floor that is magnificent. One Washington will provide a wonderful work environment for all of our attorneys and staff. In addition, the breathtaking views will provide a warm and inviting place for our clients and other guests."
The firm will occupy the majority of the top floor, moving from 3 Center Plaza in Boston.
The $2 million capital improvements program at this 16-story mid-rise office building on Government Center has been completed. The luxury Ames Boston Hotel was recently opened at 1 Court Street complementing the block and adding activity to the area.
One Washington has direct access via the MBTA's State Street and Government Center Stations (the Green, Blue and Orange lines), superior state-of-the-art building systems, street level retail, penthouse, underground parking, and views of the Boston Harbor, the city and North End.
According to Saracen Development Principal Travis Powell, "We are pleased to add the respected law firm of Joel H. Schwartz, P.C. to our list of prestigious tenants. With our repositioning program complete, One Washington has become home to many leading law firms in the city. Our smaller floor plates offer large floor presence to boutique-sized firms." The building is now 85% leased. There are now approximately 23,000 square feet of space available.
Other tenants include: Massachusetts Bankers Association (MBA), The McLaughlin Brothers, P.C.,
Kimball Brousseau LLP Delphi Technology, Corwin & Corwin LLP, and the MBTA Retirement Board.
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
>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.
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.