News: Owners Developers & Managers

McKinnon of The Grossman Cos. negotiates 25,500 s/f lease for landlord

One of this year's largest air/freight leases near Logan Airport has been signed. Agility Global Integrated Logistics has expanded its local presence with its recent lease of 25,500 s/f at 290 McClellan Highway (Rte. 1A). The location is one of the closest air/freight facilities to Logan International Airport and is minutes from downtown and major highways. Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., negotiated the lease, and is the exclusive broker for the landlord, 310 McClellan Highway LLC. The tenant was represented by Paul Delaney of Grubb & Ellis. The company had leased space for several years at the adjacent 310 McClellan Highway. The new home offers 5,000 s/f of office space, 27 cross-docks and 16' clear height. Agility with $6.8 billion in annual revenue with offices in 120 countries and operates an 8,000 vehicle fleet. The company has been chosen to handle logistics for the Commonwealth Games in Delhi later this year and the London Olympic Games in 2012. Agility's former space at 310 McClellan Highway, 16,175 s/f, is now available and is also represented by McKinnon. The property includes 4,000 s/f of office space, 13 tailboards, a drive-in ramp and 18' clear height. The Grossman Companies, Inc., offers a full range of brokerage services, with a focus on sales and leasing of commercial property throughout New England.
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Atlantic Property Management expands facilities maintenance platform: Assigned two new facility management contracts in RI

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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.
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
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.