News: Owners Developers & Managers

Hawkins of CBRE New England represents MARIC, Inc. in 23,359 s/f lease to TASC, Inc.

On behalf of MARIC, Inc., a Needham-based owner, manager and developer of real estate in the Greater Boston area, CBRE/New England completed a new lease at New England Business Center. TASC, Inc., a private defense contractor based in Chantilly, VA, will occupy 23,359 s/f at 35 New England Business Center in July 2014. CBRE/NE's Kerry Olson Hawkins, first vice president, represented the landlord. DTZ's Chethan Rao of the Washington, D.C. office represented TASC, Inc. CBRE/NE also represented Blackberry, Inc., whose sublease was terminated in order to accommodate TASC's space requirements. "Situated just 25 miles north of Boston, New England Business Center is a distinctive office park with terrific accessibility and a number of on-site amenities," said CBRE/NE's Hawkins. "We are confident that TASC's operations are well-suited for this environment." New England Business Center is a four-building, 237,000 s/f master-planned office park. The park encompasses 42 acres and features views of the Merrimack River and a natural wooded surrounding. MARIC has owned and managed the park since December 2012. Amenities include an on-site Little Sprouts Daycare, a cafeteria and fitness room with showers and lockers; a full-service Marriott Courtyard Hotel and Wyndham Hotel are adjacent to the office park. The park is situated at the junction of I-93 and River Rd. and is close to I-495 and Rte. 128. New England Business Center offers proximity to southern New Hampshire and convenient access from Boston.
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Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

Boston, MA Atlantic Property Management (APM) has expanded its internal facilities maintenance and operations platform and has been assigned two new facility management contracts in Rhode Island. The properties will undergo redevelopment and repositioning
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Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

Tenant Estoppel certificates: Navigating risks, responses and leverage - by Laura Kaplan

When it comes to the sale or financing of real property, tenant estoppel certificates are not just formalities – they are crucial documents that confirm the status of existing leases. Tenant estoppel certificates offer prospective buyers and lenders necessary assurance regarding the property’s financials and any
Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

Unlocking value for commercial real estate: Solar solutions for a changing market - by Claire Broido Johnson

As the commercial real estate market continues to navigate the disruptive forces of rising vacancy rates and increasing operating costs, landlords are under pressure to find new levers to protect income and strengthen asset performance. Amid these challenges, onsite solar and battery storage – particularly when financed through third-party ownership models – are emerging not just as environmental upgrades, but as powerful financial strategies.
New Quonset pier supports small businesses and economic growth - by Steven J. King

New Quonset pier supports small businesses and economic growth - by Steven J. King

Quonset recently celebrated a milestone nearly 70 years in the making when federal, state, and local leaders joined us for the ribbon cutting of the new Terminal 5 Pier and Blue Economy Support Docks at the Port of Davisville.
Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

Connecticut’s Transfer Act will expire in 2026. What should property owners do now? - by Samuel Haydock

A major shift in Connecticut’s environmental law is on the horizon: the state’s Transfer Act will expire next year, ushering in a new cleanup program with broader applicability and new triggers.