Richards Barry Joyce & Partners, LLC leases 15,000 s/f to BodyScapes Fitness
Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, represented Harvard Medical School in a 15,000 s/f lease with BodyScapes Fitness at The New Research Building, located at 77 Ave. Louis Pasteur.
BodyScapes, a locally owned fitness center, has taken management of the fitness center formerly occupied by Fitcorp. The fitness center is located on the second floor of the 525,000 s/f building.
Robert Richards, president, and Chris McCauley, senior vice president, of Richards Barry Joyce & Partners represented Harvard Medical School in the transaction. BodyScapes was represented by Matt Curtin of The Dartmouth Company.
This shift from transaction-driven to release-driven regulation is already influencing how buyers, sellers, and developers evaluate environmental risk. Under the CPTP framework, environmental obligations were often triggered solely because a qualifying property changed ownership. The result was that many transactions became bogged down by environmental compliance requirements that had little relationship to current environmental risks.
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.