News: Owners Developers & Managers

Hines and Romano of Cassidy Turley represent Mimecast in 33,669 s/f lease

Cassidy Turley recently completed a 33,669 s/f lease on behalf of Mimecast at 480 Pleasant St. Mimecast, which uses a cloud-computing platform to manage corporate email accounts, is relocating from its 17,300 s/f office at the Waltham Watch Factory site to the former Boston Scientific complex. The new location will serve as Mimecast's North American headquarters. With the move, the company's footprint will increase by nearly 95%. "After a thorough evaluation of the market, Mimecast felt the original brick-and-beam architecture of this new space matches the originality of our business, which was the first of its kind to offer a complete email management package," said Mark Bilbe, general manager of Mimecast. "This new location will enable us to continue to recruit Boston's top talent and grow our company for many years to come. Located on the Charles River, Mimecast's new site, known as the Riverworks, was purchased in 2010 by Farley White. The converted mill buildings were recently renovated to include features such as a cafeteria, a fitness center and a courtyard with outdoor seating. Senior managing director, principal Brian Hines and associate Ryan Romano of Cassidy Turley represented Mimecast. Vice president Daniel Kollar of Jones Lang LaSalle represented the landlord, Farley White. "We were pleased to help Mimecast find a new space where its employees can develop new ideas and reach their potential," said Hines. "The site's Watertown location, which boasts close proximity to Boston, Cambridge and the Route 128 corridor, is a perfect fit for technology companies like Mimecast." About Mimecast Mimecast (www.mimecast.com) delivers cloud-based email management for Microsoft Exchange, including archiving, continuity and security. By unifying disparate and fragmented email environments into one holistic solution that is always available from the cloud, Mimecast minimizes risk and reduces cost and complexity, while providing total end-to-end control of email. Founded in the United Kingdom in 2003, Mimecast serves more than 6,000 customers worldwide and has offices in Europe, North America, Africa and the Channel Islands. About Cassidy Turley Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
MORE FROM Owners Developers & Managers

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
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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.
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.