News: Front Section

Transwestern | RBJ broker 64,000 s/f lease to Morpho Detection LLC

According to Transwestern | RBJ, Morpho Detection LLC has leased the entire 64,000 s/f building at 23 Frontage Rd. Transwestern | RBJ partners John Wilson, Brian McKenzie and James Lipscomb, along with leasing associate Jared Pimm, represented the building owner, RJ Kelly Co., in the 10-year lease. The explosives, narcotics and chemical detection systems manufacturer was represented by Joseph Doyle, Joseph Sciolla and Matt Quinlan of Cresa Boston and Scott Finegold of Finegold Commercial Real Estate. "We are excited to see this property come into its full capacity," said Lipscomb. "RJ Kelly put substantial time and capital into the building, so it's very rewarding to see the fruits of that labor. This lease is the cap on this property's impressive turnaround." RJ Kelly acquired the building in 2011 and launched a significant renovation and repositioning process, ultimately securing LEED certification. "When we acquired 23 Frontage Rd., we could see its considerable potential," said Scott Kelly, a principal at RJ Kelly. "It has an excellent location and provides possibly the best visibility in the I-495 North submarket. The glass atrium lobby we added to the building is eye-catching to any passing car. We saw this as an ideal single-tenant building and worked with the Transwestern | RBJ team to find the right fit."
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Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

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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:
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.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

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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.