News: Front Section
Posted: January 9, 2014
Zais and Kent of Jones Lang LaSalle represent Invensys Systems, Inc. in 252,000 s/f office and flex lease
Invensys Systems, Inc., a subsidiary of Invensys PLC, has renewed its lease for 252,000 s/f of office and flex space at 70 Mechanic St. The lease encompasses the entire two-story building, and contains landlord funded improvement allowances to completely renovate the structure.
Jones Lang LaSalle vice president Greg Zais and executive vice president Tom Kent negotiated the transaction on behalf of Invensys.
Andy Zhong, vice president of asset management for Lexington Realty Trust, represented the owner Lexington Foxboro I, LLC.
Located two miles from the interchange of I-95, exit 8 and South Main St., 70 Mechanic St. was originally design, constructed and occupied by Invensys for their own use. The building is adjacent to an Invensys owned corporate campus.
70 Mechanic St. is a two-story glass and steel framed building situated on 31 acres. Invensys is planning extensive base building and interior renovations to include a new building envelope, mechanical & electrical improvements.
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.
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.
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:
