News: Owners Developers & Managers

Nahigian of Auburndale Realty completes 2 leases totaling 26,481 s/f

Rob Nahigian, FRICS, SIOR, CRE of Auburndale Realty Co., recently completed an office lease transaction representing OMICRON electronics USA, an Austrian based company. OMICRON leased 5,600 s/f of office space at 230 CityPoint. The landlord is BP Prospect Place LLC. Nahigian was engaged as its exclusive broker on this assignment from May until the lease consummation during September. OMICRON leased its first Boston area location and is headquartered in the U.S. out of Houston, Texas. Approximately 15 employees will be working in the Boston office. OMICRON electronics is an international company providing innovative solutions for primary and secondary testing. Combining innovation, leading edge technology, and creative software solutions, OMICRON's sales have world leader status for this niche market today. Customers in more than 130 countries rely on the company's ability to supply leading edge technology of excellent quality. Broad application knowledge and extraordinary customer support provided by offices in North America, Europe, South and East Asia and the Middle East, together with a worldwide network of distributors and representatives, make the company a market leader in its sector. Nahigian also completed a second lease transaction representing Health Management Systems in its expansion and renewal of 20,881 s/f of office space at the Hood Business Park, 510 Rutherford Ave., Charlestown, Mass. Cushman &Wakefield represented the landlord, Hood Business Park LLC. Health Management Systems (HMS) is the strategic source for innovative revenue recovery and cost containment solutions that benefit public healthcare. Its clients include state and county programs, as well as Medicaid managed care plans. Using state-of-the-art information management and processing technology, HMS offers scalable services—from supplemental to full outsourcing—to help clients make efficient, appropriate use of public healthcare funds. HMS is part of HMS Holding Corporation headquartered in New York City.
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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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Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

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