Weber and McMahon of Newmark Knight Frank broker 11,500 s/f lease
Ryan Weber and Christopher McMahon, senior managing directors at Newmark Knight Frank, represented the landlord in two recent transactions at 85 Bolton St. The landlord, Bolton Street, LLC, recently converted the former Wyeth Research Center to Walden Square Science Center, attracting tenants by its ability to provide laboratory facilities for below-market rental rates.
"The building is a great solution for growing life science companies that need functional laboratory space in a timely manner at affordable rates," said Weber.
Tetragenetics Inc., an early state biotechnology company focusing on the production of genetically engineered proteins, has leased 9,000 s/f on the second floor of Walden Square Science Center. Cushman & Wakefield represented Tetragenetics Inc. in this transaction.
Ligon Discovery, Inc., a biotechnology company that discovers and develops innovative human medicines targeting therapeutic needs, has leased 2,500 s/f on the first floor of Walden Square Science Center. Newmark Knight Frank represented Ligon Discovery, Inc. as well as the landlord in this transaction.
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary