Funding is a key driver of economic growth as well as an important indicator for commercial space needs. This is particularly true within the life science industry as initial public offerings and other key funding rounds generally preface expansions in the marketplace.
While other U.S. cities have demonstrated volatile economic markets, Boston has sustained a strong, healthy economy for more than 40 years. This economic health coupled with the city’s diversity of industries has had a lasting, positive impact and increased demand for commercial space.
Boston, MA Newmark Knight Frank (NKF) has completed the $123.25 million sale of Serenity, located at 101 S. Huntington Ave., to Oxford Properties Group. On behalf of Longwood Group, executive managing director Michael Byrne, managing director Thomas Greeley, associate Casey Griffin, director Devlin Man and senior financial analyst Andrew Herald of NKF’s Boston Capital Markets team oversaw the transaction of the 195-unit apartment building.
Nashua, NH Fulcrum Associates has completed the construction of a new Day’s Jewelers store. The 5,900 s/f store is the first freestanding location of Day’s Jewelers’ eight stores throughout N.H. and Maine. The store including a lounge area and the latest technology for repairs and interactive shopping, creates a superior shopping experience for all guests.
Beverly, MA When Cummings Properties purchased 50 Dunham Rd. in December 2011, the 54-acre site included just one building that was 90% vacant. Undeterred by the market’s disinterest and by others’ perception of a property with significant limitations, Cummings saw potential.
Wakefield, MA Eastport Real Estate Services has facilitated the acquisition of 107 Audubon Dr. on behalf of one of its clients. Known as the Audubon Commerce Center, this 155,409 s/f park consists of one three-story office building and two single story flex buildings.
Auburn, MA The F.W. Webb Co., a wholesale distributor of plumbing, heating, cooling and industrial products, purchased 33 Sword St., a 75,000 s/f facility situated on 3.04 acres for $4.45 million. David Skinner, David Stubblebine, and James Stubblebine from The Stubblebine Co. represented the seller in the transaction.
After decades of corporate real estate location strategies designed to consolidate user groups under one roof, today more companies are using ‘multi-hub’ or ‘hub and spoke’ strategies, which offer a distinct advantage in today’s hyper-competitive labor market.
South Boston, MA Marcus & Millichap completed the sales of 323 W Fourth St. and 560 E Broadway. The assets sold for an aggregate value of $4.365 million. Evan Griffith, first vice president investments, and Tony Pepdjonovic, vice president investments in Marcus & Millichap’s Boston office, had the exclusive listings to market the properties on behalf of both sellers.
Watertown, MA According to real estate developer Boylston Properties, cell therapy company SQZ Biotech has signed a 63,477 s/f lease at Arse...
