News: Owners Developers & Managers

KS Partners leases 8,407 s/f - O'Brien of Colliers M&G handles transaction

KS Partners, LLC has leased 8,407 s/f of administration and classroom space at its 333 Turnpike St. property. Tim O'Brien of Colliers Meredith and Grew represented the landlord, KS Partners. Connor Barnes and Jim Bartholomew of GVA Thompson Hennessey & Partners represented the tenant, Clark University. Glenn Roberts KS Partners' leasing representative worked closely with Colliers Meredith and Grew and GVA Thompson Hennessey to bring the deal together, said, "We are pleased that Clark University has selected 333 Turnpike St. for its new home. We look forward to a long and successful relationship. This is a significant lease deal in the Boston Metro-West market." Donna Gallo of Clark University said, "We were originally attracted to the building due to its location and visibility for our students. Not to mention the feedback that we received from the existing tenants, they were very pleased with the management of the building. Given the competition in the metro-west area, the building gives Clark University a better overall presentation. I must say that it was a smooth transaction and it is a great fit for Clark University" Clark University entered into a five year lease with KS Partners. An early January 2010 move in date is anticipated. KS Partners LLC is a commercial real estate owner and property management company which owns and manages income producing real estate assets in the northeast. The KS Partners portfolio strives for value appreciation through the capitalization of improved leasing, repositioning or redevelopment opportunities. For more information, please visit www.kspartnersllc.com.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

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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