News: Owners Developers & Managers

Delaney, Subber, McDonough and Orpik of Cresa Boston arrange 17,500 s/f office relocation

Paul Delaney, Adam Subber, Shawn McDonough, and Andrew Orpik of Cresa Boston recently represented the Massachusetts Eye Research and Surgery Institution (MERSI) in a 17,500 s/f office relocation of its headquarters to 1440 Main St., a three-story, 67,000 s/f building. Currently occupying 13,000 s/f at 5 Cambridge Center in Cambridge, MERSI needed to expand its operations and upgrade to a larger space. In June, the company plans to occupy a portion of the second floor of the two-building Main Street Corporate Center office complex. "MERSI has been well served by its original home at 5 Cambridge. However, as this world renowned institution continues to grow, it made sense for us to seriously consider alternatives along Rte. 128. Main Street Corporate Center offers MERSI's employees and patients convenient access is a suburban office setting combined with the unique synergies of other tenants within the park. We look forward to seeing their new facility, as they continue to deliver world class care," said Scott Evans, chief operating officer at MERSI. The landlord, Crosspoint Associates, was represented by Transwestern | RBJ. Cresa LLC, one of the nation's largest corporate real estate advisory firms exclusively representing tenants, is headquartered in Boston. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: transaction management, project management, strategic planning, corporate solutions, site selection, lease administration, capital markets, mission critical solutions, relocation management, and facilities management.
MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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