News: Front Section

Weber of Newmark Knight Frank represents Bolton Street Partners, LLC in 6 leases totaling 11,447 s/f

Ryan Weber and Christopher McMahon, senior managing directors at Newmark Knight Frank, represented Bolton Street Partners LLC, an affiliate of Triad Alpha Partners, in six recent transactions totaling 11,447 s/f at 85 Bolton St. The owner recently converted the former Wyeth Research Center to Walden Square Science Center, after noting the growing demand for turn-key laboratory space at affordable rates in the city. Venture capital firms have taken note of the trend of large pharmaceutical companies acquiring R&D instead of having their entire R&D in-house. "These startups need space quickly, and Walden Square Science Center has capitalized on the demand by delivering functional laboratory space in a timely manner," said Weber. The newest residents of Walden Square Science Center are Aura Biosciences; SiEnergy Systems, LLC; Novogy, Inc.; Polyjoule, Inc.; The Water Initiative, LLC and Eton Bioscience, Inc. After welcoming these new tenants, Walden Square Science Center is now at close to 70% occupancy and has approximately 10,000 square feet of available laboratory space. The remaining space can accommodate tenants from 1,000 SF up to 10,000 SF. Newmark Knight Frank is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.
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,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
Columns and Thought Leadership
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

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.
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.