Dan Sullivan, Adam Subber, Rick Lowe, and Brandon Leitner of Cresa Boston recently represented ORT Patent Law, a local law firm specializing in intellectual property, in a 10,600 s/f class A office lease relocation at 321 Summer St. in the city's Seaport district.
The landlord, Normandy Real Estate Partners, was represented by Bill Crean of CBRE New England.
ORT, previously located at 10 Fawcett St. in Cambridge, relocated to the Seaport District to take advantage of the area's more favorable rents and innovative culture. According to Subber, this move is representative of an increasing trend, with many Cambridge companies considering relocation to Boston and the suburbs.
as a result of very tight vacancy and rising rental rates in East Cambridge.
Cresa, the nation's largest corporate real estate advisory firm exclusively representing tenants, is headquartered in Boston.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain, and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.