News: Front Section
Posted: February 26, 2009
Varholak, McCauley and Smith of Richard Barry Joyce & Partners handle 20,000 s/f lease for Makoto
Richards Barry Joyce & Partners, LLC (RBJ), a full-service commercial real estate advisory firm, represented Makoto Life Sciences, Inc. in the company's new headquarters lease at 15 DeAngelo Dr.
Makoto, which specializes in small molecule target identification, is relocating to from Cambridge, following a growing trend of life sciences companies that are moving to Boston's suburbs. Makoto has leased the entire, single floor laboratory and office building, which consists of 20,000 s/f. The space is being subleased from Applied Biosystems. Â
"RBJ helped us conduct a thorough real estate search to determine our best options in the region," said Dr. Terry Russell, CEO of Makoto Life Sciences. "The decision to move was based on accessibility of the building to employees' homes, future growth opportunities and economics." Â
Makoto was represented in the lease by Jonathan Varholak, Chris McCauley and Eric Smith of RBJ. Applied Biosystems, the sublandlord, was represented by Cushman & Wakefield. Â
According to research by RBJ, Greater Boston's suburbs have 4.42 million s/f of laboratory space, which was 9.4% vacant, as of the quarter ended December 31st, 2008.
Tags:
Front Section
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,
Columns and Thought Leadership
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.
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:
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
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.