News: Front Section

South Coast Dermatology leases 17,000 s/f
with FoxRock Properties

Weymouth, MA JLL said that South Coast Dermatology has signed a lease with FoxRock Properties to relocate and expand its practice to a new 17,000 s/f space within FoxRock’s building, located at 97 Libbey Pkwy. The transition is expected to occur in early Q2 of 2024 where they will join other prominent medical providers in the building, including Ophthalmic Consultants of Boston, South Shore Pediatrics and Atrius Health VNA.

“FoxRock has a longstanding relationship with the talented team at South Coast Dermatology,” said Matt Galt, director of asset management at FoxRock. “We’re excited to partner with them in this next chapter as their business grows and their medical office needs evolve.”

The dermatology practice is currently located in 11,204 s/f across the street at 90 Libbey Pkwy., also owned by FoxRock, where they share the building with notable medical providers such as South Shore Health Wound Center and Atrius Health’s endoscopy, cardiology and family medicine practices.

With this move, South Coast Dermatology will remain positioned within a medical hub on Libbey Pkwy. with proximity to major highways and access to public transportation options. FoxRock has worked to establish the two neighboring buildings as a premier medical campus that can support the increasing need for medical office space in the area.

In addition to owning and operating both 90 and 97 Libbey Pkwy., FoxRock is further adding to their medical tenant roster by developing a build-to-suit medical office building for Boston Children’s Hospital at 200 Libbey Pkwy. Boston Children’s Hospital is expecting to occupy the building in early 2024, which will further add to the growing medical presence along Libbey Pkwy.

Tom Kent, Sean Lynch and Mike Keenan of JLL represented FoxRock in this transaction. Bob Conrad and Jim McEvoy of The Conrad Group represented South Coast Dermatology.

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
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.
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.

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.
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: