NAI Hunneman brokers 1,356 s/f, five year lease for Luna Boston
NAI Hunneman has brokered a 1,356 s/f, five-year office lease at 56 Roland St. to Luna Boston, one of the leading retail and online shops for handbags and accessories from top emerging and harder-to-find designers in the U.S. and beyond.
David Cooney, NAI Hunneman senior associate, and Jonathan Gifford, senior vice president, represented the landlord, Essex River Ventures LLC. Bonny Doorakian, NAI Hunneman senior associate, procured the tenant, Luna Boston.
"We're very pleased to have attracted this fine tenant to this property," said Cooney. "With incredible access to all major highways and routes as well as a working environment that is ideal for technology, lab, and office tenants, Washington Crossing continues to attract quality tenants."
The property is located at Washington Crossing, an office/lab/R&D complex located on the Boston/Charlestown/Somerville border, owned and managed by Essex River Ventures. The complex offers a variety of access and transportation options.
"Easy access to highways and public transportation, supportive on-site management, and chic lofty look made this an ideal spot for our growing company," said Sarah Johnson, CEO of Luna Boston. "Doorakian at NAI Hunneman was again great to work with, as she listened to our company's needs, found a perfect fit, and helped us work through all stages of the lease negotiation and signing. We are thrilled to have secured this location for our offices and online support center."
NAI Hunneman serves as the exclusive leasing agent for the property.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.