News: Spotlight Content

Richardson of Jones Lang LaSalle negotiates 3 leases totaling 21,851 s/f

Jones Lang LaSalle has completed three lease transactions over the last 12 months for a combined 21,851 s/f of first class medical office space at One Blackburn Dr. The leases signed at this health and wellness center serving the Cape Ann area are: Cape Ann Medical Center Inc. for 16,161 s/f; Shaughnessy-Kaplan Rehabilitation Hospital, Inc. leasing 4,890 s/f; and Hearing Services of Cape Ann, Inc. for 800 s/f. Senior vice president Peter Richardson of Jones Lang LaSalle negotiated on behalf of the owner Charles T. Matses Nominee Trust. Richardson also represented Hearing Services. McCall & Almy executive vice president James Canfield represented Cape Ann Medical Center and Shaughnessy-Kaplan Rehab. "The lease with Cape Ann Medical started a wave of activity at the building from other health care providers," said Charles Matses, principal of Charles T. Matses Nominee Trust. "We are extremely pleased with Jones Lang LaSalle's strategy and execution that brought us to this point." According to Richardson, "We are confident that these tenants will benefit from the quality medical environment here. This recent success underscores the ownership's commitment to creating a foundation for long term business relationships." One Blackburn Dr. is a two-story 33,367 s/f medical office facility in Blackburn Industrial Park. The building was formerly occupied by the National Oceanic and Atmospheric Administration. NOAA has moved within the park.
MORE FROM Spotlight Content

NEREJ’s 2026 Mid Year Review Spotlight

NEREJ’s 2026 Mid Year Review Spotlight is underway. This special section will feature perspectives from across commercial real estate as firms reflect on the first half of the year and discuss the trends, challenges, and opportunities shaping the months ahead.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How do we manage our businesses in a climate of uncertainty? - by David O'Sullivan

How do we manage our businesses in a climate of uncertainty? - by David O'Sullivan

These are uncertain times for the home building industry. We have the threat of tariffs mixed with high interest rates and lenders nervous about the market. Every professional, whether builder, broker, or architect, asks themselves, how do we manage our business in today’s climate? We all strive not just to succeed, but
Limited supply fuels landlord‑friendly conditions in Rhode Island’s industrial market - by Julie Freshman and George Paskalis

Limited supply fuels landlord‑friendly conditions in Rhode Island’s industrial market - by Julie Freshman and George Paskalis

As we enter the spring of 2026, the Rhode Island industrial real estate market stands on stable footing, following several years of resilience fueled by constrained supply, steady demand, and dynamic economic conditions.

As legacy names recalibrate, new entrants are moving in with fresh capital, new technologies, and business models tailored to today’s supply-chain needs - by Michael Harrington

As legacy names recalibrate, new entrants are moving in with fresh capital, new technologies, and business models tailored to today’s supply-chain needs - by Michael Harrington

Southern New Hampshire’s industrial market has always punched above its weight. For decades, the region has attracted a mix of advanced manufacturing, beverage and food producers, logistics operators, and specialty
Shallow-bay wins on 495/128:  A renewal-driven market with a thin pipeline - by Nate Nickerson

Shallow-bay wins on 495/128: A renewal-driven market with a thin pipeline - by Nate Nickerson

The Boston industrial market entered mid-2025 in a bifurcated state. Large-block vacancy remains elevated, while shallow-bay along the 495/128 corridor continues to prove resilient. Fieldstone’s focus on this geography positions us squarely in the middle of a renewal-driven, supply-constrained