News: Front Section

Sensitech extends 60,000 s/f lease at Cummings Center in Beverly

Sensitech Inc. recently renewed its lease for 60,000 s/f of prime office, production, and distribution space at 800 Cummings Center. Founded in 1990, Sensitech moved to Cummings Center eight years later, after outgrowing its previous area location. Since that time, the company has more than doubled its square footage through two major expansions. Sensitech general manager Mike Hurton said, "Cummings Center has been there every step of the way to support our needs. It's a great place for a technology company to grow." According to Steve Drohosky, Cummings Center's longtime general manager, Cummings Properties has a long history of catering to the needs of high-tech companies with rapidly evolving business requirements. "With in-house departments for design and construction," he said, "we're able to make changes quickly and affordably for our clients. We love to see these companies grow, and we ensure their space will grow with them." As the world's leading provider of cold chain visibility solutions, Sensitech enables global leaders in food, pharmaceuticals, and industrial markets to track and monitor assets across the supply chain to protect the integrity of temperature-sensitive products. Sensitech is an ISO 9001:2008 company and is based in Beverly, Mass., with offices in Amsterdam, Boston, Calgary, Melbourne, Mumbai, Redmond, and Shanghai, as well as service and distribution offices around the world. Sensitech is a wholly owned subsidiary of Farmington, Conn.-based Carrier Corp., the world's leader in high technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy efficient products, building controls, and energy services for residential, commercial, retail, transport and foodservice customers. Founded by the inventor of modern air conditioning, Carrier improves the world around us through engineered innovation and environmental stewardship. Carrier is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. The award-winning Cummings Center is located just one mile from Rte. 128, "America's Technology Highway." It is home to 32 leading technology firms occupying nearly 500,000 s/f of commercial space, which constitutes approximately 25% of the business campus. Cummings Center, the region's largest office and technology park, offers first-class, fully built out space in new and newly renovated buildings for executive offices, medical offices, and laboratories.
MORE FROM Front Section
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.