News: Owners Developers & Managers

O'Brien of Greater Boston Commercial Properties represents Accelrys, Inc. in new 19,556 s/f lease

Bret O'Brien of Greater Boston Commercial Properties (GBCP) recently represented Accelrys, Inc. in leasing 19,556 s/f at 9 Industrial Rd. O'Brien acted as the companies tenant representative in this relocation of the companies operations from 10,000 s/f at 25 South St. in Hopkinton. After a comprehensive search of the market it became apparent that despite a tremendous amount of office vacancy along Rte. 495, 9 Industrial Rd. was the only building in the Milford market that could offer 20,000 s/f of contiguous first class office space. Although the space has been vacant for several years the transaction included a sublease from Lehigh Consumer Products who master leases the entire building through 2015. The balance of the term is a direct lease through the landlord Brookwood Milford, LLC. Accelrys plans to take occupancy October 1st, provided that all of the tenant improvements have been completed prior to that date.
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BGO and Seyon complete acquisition of a 134,413 s/f industrial portfolio

Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
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Columns and Thought Leadership
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
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

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

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
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