News: Owners Developers & Managers

McKenzie, Lipscomb and Wilson of Transwestern | RBJ arranges 44,365 s/f lease for Northstone LLC

Transwestern | RBJ brokered a 44,365 s/f lease renewal on behalf of Northstone LLC with Paychex Inc. at 100 Riverpark Dr. Partners Brian McKenzie, James Lipscomb and John Wilson represented building ownership. Paychex was represented in the transaction by Todd Smith, managing partner of The Acclaim Group LLC. "We are glad to retain such a quality tenant at 100 Riverpark Dr.," said McKenzie. "The building's central location within Greater Boston's Rte. 128 North submarket suits the needs of the human resources company well." Paychex, a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, renewed its lease for office space on the building's first floor. The location serves as a branch office for the company. 100 Riverpark Dr. consists of 86,566 s/f of class A office space on two floors. Situated at the entrance of a master-planned park, the building features a high-quality lobby entrance, landscaping and modern finishes. With access to Boston and markets to the north, 100 Riverpark Dr. is an ideal solution for tenants that require access to the northern New England market. Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate.
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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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The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
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
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

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Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant