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.
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Crescent Village Shopping Center trades to new owner for $1.75 million

Monroe, CT Crescent Village Shopping Center located at 115 Main St. has been sold to new owners. The multi-building retail center sold for $1.75 million or just under $142.00 per ft. The three buildings total 12,340 s/f on 1.54 acres
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