News: Front Section

Stevens of The Stevens Group represents Barr Associates in 47,780 s/f lease

Barr Associates has renewed their lease at 300 Potash Hill Rd. The 47,780 s/f lease was extended for an additional 7 year term. Barr has occupied the single-level office/flex building since 1999. In addition to this location, Barr also owns and occupies two other buildings in Westford, Mass. totaling 75,000 s/f Barr Associates is an independent manufacturer of precision thin film coatings and optical filters, and has an unmatched heritage in the optical filter and coating business providing solutions and parts for some of the most challenging requirements. Barr services the leading players and innovators in virtually every major market where optical filters or thin film coatings are enabling technologies or components. Mark Stevens, principal of The Stevens Group, represented Barr in the transaction, providing real estate advisory services and assisting them in negotiating the lease extension. The landlord, Franklin Equities LLC, represented themselves. The Stevens Group is a commercial real estate advisory firm located in Boston, MA, that specializes in exclusively representing corporate clients in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is a member/partner of the International Tenant Representative Alliance (ITRA) with offices in major cities around the world.
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
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.
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.
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:
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.