News: Owners Developers & Managers

McFarland and Twombly of Avison Young broker 3,351 s/f lease at 239 Causeway

Avison Young has brokered a 3,351 s/f lease at 239Causeway St. Avison Young brokers Karyn McFarland and Matt Twombly represented the landlord, Beverly-Boston, LP. Carolyn Molloy, associate at Lincoln Property Co., represented the tenant, Prometric Inc. 239 Causeway St. is a 5-story 79,850 s/f building located in the Bulfinch Triangle/North Station submarket of the city. "Companies are finding that their young tech-savvy workers are interested in living near their work and all of the amenities a city like Boston provides. Bulfinch Triangle is a special intersection of those interests and because of that, more tech companies are moving into the area." said McFarland. "The 13,650 s/f lease we brokered on behalf of 129 Portland St. with CrunchTime! Information Systems, Inc. is another example of this continuing trend." said Twombly. "The 239 Causeway building provides our test center candidates the ability to test in a professional environment, highly visible and easily accessible." said a representative of Prometric. Prometric is a trusted test development and delivery provider to more than 400 organizations worldwide. Prometric Inc.'s move to the Bulfinch Triangle continues the trend of hot young tech companies moving into this revitalized "Live Work Play" neighborhood.
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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.
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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
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