News: Owners Developers & Managers

Brown of SVN | Parsons Commercial Group | Boston handles 7,200 s/f lease for Walgreens

Marlborough, MA SVN | Parsons Commercial Group | Boston’s senior advisor, Arlon Brown, SIOR, represented Walgreens New England regional headquarters in their relocation to Lake Williams Center. The space at Lake Williams Center is a class A suburban office space and is part of a 210,000 s/f business park. Walgreens signed a 10-year lease at the building, occupying 7,200 s/f of space. 

Arlon Brown, SVN |
Parsons Commercial Group

The landlord in this transaction was Washington Capital Management, who was represented by vice president Rob Mahoney of JLL. The New England Regional headquarters for Walgreens wanted a location that had access to many interstate routes; Lake Williams Center, located at 62 Forest St., was the perfect fit, being close to both I-495 and I-90/Mass Pike.

“I was pleased to have the opportunity to work with such a sophisticated world-wide company with extensive in-house resources and whose employees were so very helpful and cooperative,” said Brown.

SVN | Parsons Commercial Group |Boston is a commercial real estate firm based in Framingham, Massachusetts. The company is a leading provider of commercial real estate services including, leasing (tenant and landlord representation), investment sales, property management, development and construction management services.

 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains