News: Owners Developers & Managers

Costa represents Cummings Properties in 7,500 s/f lease renewal with Concentra Health

With 317 medical centers and 258 workplace clinics in 40 states, Concentra Health Services, Inc., a national health services provider, knows a great location when it has one. Concentra recently renewed its 7,500 s/f lease at 50 Concord St. with Cummings Properties. According to company officials, Concentra, based in Addison, Tex., provides occupational health services to municipalities and workplaces. The company offers pre-employment services, including physical examinations and substance abuse and monitoring services; and injury care services, such as primary injury care, physical therapy, pharmacy services and urgent care. Concentra reportedly looked at other spaces, but decided to stay at its location for the affordable price as well as the stability of the nearly 40-year-old commercial real estate firm they have leased from for the last nine years. Searcy Ferguson of CBRE, a national brokerage firm, represented Concentra in the search for space and lease negotiations, while Steve Costa, a leasing/property manager, represented Cummings Properties. Costa pointed out that there are numerous medical facilities in the 4-building complex at 50 Concord St. including a branch of the Lahey Clinic. Costa also noted that the location, directly off I-93 near the Shriner's Auditorium, is 15 miles north of Boston. Numerous restaurants and retail stores are located within minutes of the building just over the North Reading line.
MORE FROM Owners Developers & Managers

Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch

On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
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

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
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