Charles River Realty Investors and National Development have teamed up to purchase New England Executive Park for $216 million. NEEP is a campus comprised of 10 office buildings, located in Burlington, Massahusetts right next to the Burlington Mall off Route 128. The portfolio on these properties currently show a 14 percent vacancy rate, and investors […]
Dozens of startup companies have found a new destination for affordable office space: Downtown Crossing. The more popular destinations, such as Boston’s Seaport/Innovation District and Kendall Square in Cambridge, have proven too expensive for these emerging companies. The 1.4 million square foot Downtown Crossing submarket is better known as the hub of department store shopping […]
Commercial real estate firm Cassidy Turley recently relocated its Minneapolis headquarters to the IDS Center in downtown Minneapolis. Prior to this move, Cassidy Turley engaged its younger employees – known as millennials – in the office space conversation to gain an idea of what they had in mind for the future of the company. Millennials […]
Boston-based real estate investment and development firm Synergy Investments is continuing its spending spree, partnering with DivcoWest to buy a pair of office buildings and a parking garage in Boston’s Seaport District. Synergy is paying The Archon Group $53 million for the sale of these three properties. The properties include 319 A Street, a 48,000-square-foot […]
Multi-Employer Property Trust, a pension-backed fund based in Washington D.C. recently announced that Burlington Centre, a 620,000 square foot office park in Burlington, is officially on the market. MEPT first bought the property in 1991 for $21.3 million, and the property’s sale could net as much as $100 million. With the continuous expansion of the […]
In less than a week from now, the massive redevelopment project of NorthPoint will take a major step forward. The ceremonial groundbreaking of one of the project’s apartment towers is scheduled for Wednesday May 29th. Located on a 45-acre parcel of land in Cambridge at the edge of the Charles River, the property is expected […]
Millennium Partners announced it has signed a lead tenant for the Burnham Building redevelopment at the former Filene’s department store, this will help fill in a piece of the puzzle for Boston’s Downtown Crossing redevelopment. Arnold Worldwide will take occupancy of 125,000 square feet of office space at the Burnham Building in September 2014. The Burnham Building […]
Today at 400 Technology Square in Cambridge leases totaling 162,000 square feet have been signed. The involved companies were as follows: The Massachusetts Institute of Technology (MIT), The Ragon Institute Harvard University Epizyme Warp Drive Bio Aramco Services Co. Alexandria Real Estate Equities (NYSE: ARE), an owner, operator, and developer of life science office and […]
ABG Realty presents 20,000 square-feet of office space in Cambridge’s Twin City Plaza. This new property offers an open floor plan and available spaces range from 2,200 square-feet to 15,000 square-feet. Some amenities include: Common Break Room Build Out Possibility Plenty of Onsite Parking Perfect for any Start Up or Professional The property’s ideal uses […]
The Atlantic Wharf tower, built in 2011, along the Rose Fitzgerald Kennedy Greenway has no more available space. McKinsey and Co., a global consulting firm bought 35,000 square feet of office space in the tower. Above, Boston’s $550 million Atlantic Wharf Tower This was all of the tower’s remaining space; McKinsey and Co. will be […]
