News: Front Section

Weller and Gates of Avison Young handle 14,000 s/f lease to GreenSight

Schrafft Center, 529 Main Street - Charlestown, MA

 

Charlestown, MA Avison Young has arranged a new lease at The Schrafft Center, located at 529 Main St., on behalf of GreenSight, an artificial intelligence platform provider. GreenSight will be relocating to a 14,000 s/f office space, upgrading from their current 10,000 s/f location at 12 Channel St. in Boston’s Seaport neighborhood. This strategic move aligns with GreenSight’s rapid growth trajectory and their aspiration for superior space within an amenity-rich environment.

Kirk Weller and Jeffrey Gates, both located in Avison Young’s Boston office, represented GreenSight.

“GreenSight’s primary objective was to secure a more spacious and efficient space in an amenity-rich building,” said Weller. “We are thrilled that The Schrafft Center emerged as the optimal choice, enabling GreenSight to attract new employees, while also ensuring an attractive experience for visiting clients.”

The property is formerly the site of Schrafft’s Candy Factory and was renovated by The Flatley Company in 1984. Amenities include access to shuttle services, a gym, cafeteria, coffee bars, childcare, and is centrally-located for commuters – among other amenities. Trophy properties continue to post the highest average lease term, according to Avison Young’s Q3 2023 Boston Office Market report.

“The space radically improved how we operate and work together as a team while also enhancing and impressing our partners and customers,” said Joel Pedlikin, COO and co-founder, GreenSight.

 

MORE FROM Front Section
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
Columns and Thought Leadership
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.

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:
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.
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.