Chelmsford, MA O’Brien Commercial Properties leased 6,392 s/f of medical space at 321 Billerica Rd. Senior associate, Rob McGarry, represented the landlord, Vanderbilt Norwood LLC, and procured the tenant, Clover Behavioral Health.
Boston, MA CREW Boston (Commercial Real Estate Women) and the Asian Real Estate Professional Association (AREPA) hosted “Cocktails & Conversations: Women Leading the Way in Commercial Real Estate
Ayer, MA According to Cushman & Wakefield, CELLTREAT Scientific Products has signed a 113,382 s/f headquarters lease at 3 Nemco Way. CELLTREAT Scientific Products is a laboratory equipment supplier dedicated to manufacturing unique, high-quality laboratory plastic consumables at significant savings.
Woburn, MA Dowd Medical Pediatrics has leased 5,600 s/f in Cummings Properties’ medical cluster. The practice will relocate this winter, traveling a mile and a half from its current office in Reading to 444 Washington St.
Methuen, MA There is an exciting opportunity to lease or purchase a modern newly constructed 147,840 s/f industrial project in Methuen, Massachusetts. Patriot Holdings and Circle G Construction have developed a state-of-the-art warehouse strategically positioned at the intersection of I-495 and Highway 213, with nearby access to both Highway 113 and I-93.
Watertown, MA The Davis Companies (Davis) and Boston Development Group (BDG) have entered into lease agreements with life sciences firms LifeMine Therapeutics and a new stealth mode biotech (NewCo) at 66 Galen St., a purpose-built class A life science building owned in a joint venture between Davis and BDG. The new tenants will occupy more than half of the leasable space at 66 Galen.
Easton, MA North Easton Savings Bank has been the #1 partner of the Massachusetts Capital Access Program (Mass CAP) since joining the program in 2010. The Mass CAP program helps fill the funding gap between traditional small business lending and the SBA’s 7A small business lending program, allowing participating banks more flexibility in assuming some additional risk without a lot of red tape.
Boston, MA Freudenheim Partners has completed two lease transactions on behalf of MASSPIRG and Green Century Capital Management in downtown. Freudenheim Partners’ Chris Rogers and Ellie Cullinan represented both tenants.
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Independent real estate investors seem to be taking it from all sides these days. Not only are interest rates, property taxes, and construction costs up significantly from just a few years ago, but also more and more legislation continues to be introduced, making the management of real estate (especially single family rentals and apartment buildings) more difficult, expensive, and heavily regulated.
