The Grossman Cos.' McKinnon brokers 14,000 s/f lease for landlord
Pharmaceutical developer EMD Serono, Inc., has renewed and expanded its lease at Ten 99 Hingham St., a first-class office building on the Hingham /Rockland line at the junction of Rtes. 3 and 228. The company will occupy a total of 14,000 s/f in the building.
Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., of Quincy, who represented the landlord, Rockland Haverstraw Trust LLC. EMD Serono was represented by Tony Meenaghan, EMD Serono's Director of Facilities.
EMD Serono, Inc., is an affiliate of Merck. Its mission is discovering and developing medicines that address unmet medical needs including reproductive health, neurology and metabolic endocrinology.
Last month financial services industry advisor Cutter Associates leased 7,757 s/f in the building.
Ten 99 Hingham St.t consists of about 60,000 s/f set on a six-acre wooded site. The three-story building is distinguished by its continuous windows, large atrium and contrasting brick façade. Easy access to major highways and proximity to three hotels, restaurants and function facilities add to the location's attraction. It is opposite the commuter bus station.
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,
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.
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.
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.
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: