News: Owners Developers & Managers

McKenzie and Byrne of Richards Barry Joyce & Partners, LLC rep. KBS Realty Advisors in two leases

Richards Barry Joyce & Partners, LLC (RBJ) represented KBS Realty Advisors in two new leases with Applied Materials, Inc. and Sohn & Associates at 80 Central St. Brian McKenzie, partner, and Robert Byrne, assistant vice president, of RBJ represented KBS Realty Advisors in the transactions. RBJ is the exclusive leasing agent for 80 Central St. Details of the leases include: Applied Materials, Inc. signed a new lease for 6,109 s/f of office space on the second floor. Applied Materials, the global leader in Nanomanufacturing Technology solutions, is moving to 80 Central St. from Chelmsford. The company was represented in the transaction by Brian Tisbert of Colliers Meredith & Grew. Sohn & Associates, a financial advisory practice of Ameriprise Financial Services, Inc., signed a new lease for 3,082 s/f of office space on the first floor. The firm is relocating from Concord. John Coakley of Grubb & Ellis represented Sohn & Associates. "The I-495 North market has been active during the beginning of 2010," said McKenzie. "In particular, it has been Class A buildings such as 80 Central Street that have garnered the bulk of the attention. Tenants are gravitating towards buildings with a high level of amenities and good location, with either recent renovations or new construction that were made with tenants' interest in mind." 80 Central Street is a 149,528 s/f office building, located in the heart of one of the country's most concentrated high technology corridors. Built in 1988 and fully renovated by 3Com Corporation in 1995, the building offers a high level of amenities, attractive design elements and robust building infrastructure, designed for high tech tenants. 80 Central Street has a distinctive three-story atrium, a 125-seat cafeteria and on-site fitness room with showers and lockers. The building is situated off Rte. 2 and only minutes from I-495.
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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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