News: Owners Developers & Managers

Grubb & Ellis Co. completes five lease transactions totalling 98,910 s/f

Grubb & Ellis Co. (G&E) recently completed the following transactions: *Thermo Fisher Scientific extended and expanded its lease of 45,205 s/f at 200 Research Dr. from Wakefield Investment, Inc. Steve Cook, Jack Kerrigan and Hank Amabile of G&E represented the lessee in the transaction. Matt Adams of Cushman & Wakefield represented the lessor. *PCE Technology, Inc. subleased 18,365 s/f of industrial/R&D/flex space at 450 Fortune Blvd. in Milford from Thermo Fisher Scientific. Amabile, John Coakley, Kerrigan and Cook of G&E represented the lessor in the transaction. Hossein Mobtaker of Centre Realty Group represented the lessee. *Continuum subleased 18,037 s/f of office space at 1210 Washington St. in Newton from Euro-Pro. Dan Krysiak and Kerrigan of G&E represented the lessee in the transaction. Eric Solem of Landmark Real Estate Advisors represented the lessor. *M+W Zander U.S. leased 10,573 s/f of office space at 24 St. Martin Dr. in Marlborough from Contos Management Corp. George Nugent and Phil Giunta of G&E represented the lessee in the transaction. Wayne Spiegel of Colliers Meredith & Grew represented the lessor. *Boston Sand & Gravel Company renewed its lease of 6,730 s/f of office space at 100 N. Washington St. from Synergy Real Estate Investment & Development. Karyn McFarland of Grubb & Ellis facilitated the transaction on behalf of both parties. About Grubb & Ellis Named to The Global Outsourcing 100â„¢ in 2009 by the International Association of Outsourcing Professionalsâ„¢, Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 6,000 professionals in more than 130 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including public non-traded real estate investment trusts (REITs), tenant-in-common (TIC) investments suitable for tax-deferred 1031 exchanges, mutual funds and other real estate investment funds.
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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
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