News: Front Section

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

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 Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

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!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

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 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

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