Varholak, Friedman, Lashar and Keenan of Transwestern | RBJ assists CommonWealth Partners in 226,000 s/f in leases at Wellesley Gateway
Transwestern | RBJ assisted CommonWealth Partners with the anchor lease totaling 126,000 s/f and executed two additional leases on their behalf totaling 100,000 s/f at Wellesley Gateway. Transwestern | RBJ's Jon Varholak, Ron Friedman and John Lashar, partners, along with Vicki Keenan, senior vice president, represented building ownership in the transactions.
Harvard Pilgrim Health Care Inc. renewed its lease for 126,000 s/f on multiple floors in the building. The not-for-profit health services company was represented by McCall & Almy Inc.
Partners HealthCare signed a direct lease for 80,000 s/f, after having previously subleased space in the building. McCall & Almy represented the tenant, an integrated health care system founded by Brigham and Women's Hospital and Massachusetts General Hospital.
GW & Wade LLC, an independent, fee-based financial advisory firm, signed a direct lease for 20,000 s/f after having previously subleased space in the building. The firm was represented by Cassidy Turley.
"Securing long-term leases with companies of such high caliber is a testament to the quality of Wellesley Gateway," said Friedman. "The building's quality of construction and first-class amenities coupled with its superior location at the intersection of Routes 9 and 128 are truly unique to the marketplace."
Wellesley Gateway, located at 93 Worcester St., is the premier office building in the Rte. 128 West submarket, 10 miles west of Boston. Constructed in 2000 and designed by Elkus Manfredi, the 272,550 s/f office building boasts unique architectural features while maintaining a traditional New England look and feel on a 16 acre park-like setting. The project features on-site amenities including a cafeteria, structured parking, sundry shop and a full-service fitness center along with prominent highway visibility.
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,
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.
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.
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: