Window of Opportunity? We Can Bring the Best Options Into View
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Back Cover April 23-29, 2021 New England Real Estate Journal nerej.com Window of Opportunity? We Can Bring the Best Options Into View. Uncertainty brings its own set of prospects. It takes a certain vision to see all the possibilities, and to anticipate any quandaries. At Fletcher Tilton, our experience and expertise provide the clarity you need so you’ll be ready when that next window of opportunity opens up. Mark L. Donahue, Esq. Todd E. Brodeur, Esq. 508.459.8029 508.459.8038 COMMERCIAL REAL ESTATE | ACQUISITION | SALE | FINANCING | LEASING PERMITTING | ZONING | LITIGATION | CONTRACTS Real Knowledge in Real Life WORCESTER | FRAMINGHAM | BOSTON | CAPE COD FletcherTilton.com | 508-459-8000 April 23-29, 2021 USA $3.95 October 18-24, 2019 USA $4.95 IQHQ and Meredith Management begin construction on $1billion Fenway Center ProjectThe Davis of the Companies Month securesCDE PAGES 75,118 13-15B s/f in leases at two properties Project of the Month Urban Spaces and Diamond Sinacori NE PAGES 8-9A break ground on $20m downtown Pugliese Contracting Salem condominium complex - BRIX completes 25,000NE COVER A s/f NE PAGE 8A CT COVER C Feature of the Month manufacturing facility in NE LOWER COVER A CDENE PAGEPAGES 6A 10-11B Billerica for Markforged JLL Capital Markets represents PGA Realty in Dacon to create $44.25 million sale a 121,800 s/f NE PAGE 9A new facility for Stubblebine Company Edwards Vacuum sells six industrial buildings in BillericaCDE COVER B Cuzzocreo of Pearce Real Science of play – meet forPipefitters $11.935 million Local 537 honored for Estate closes $5m sale the new 130,000 s/f fostering diversity and inclusion of three properties Boston Sports Institute nerej.com nerej.com ThisThis Week’s Week’s Sections Sections ComingSpotlight May 28! ComingSpotlight April 30! FrontFront Section Section Sign up for Daily RE Cap! Construction, Design Ones to Watch New England Visit nerej.com/newsletter Billboard/Auctions& Engineering ColumnistColumnist AppraisalCommercial Real Expo Estate Connecticut NobleNoble Allen Allen Volume 6058 • Issue 4216 Billboard/Auctions SpotlightCDE PAGES 7-18B Semi-AnnualSECTION DGuide Paving Concrete Work Seal Coating Pulverization/Milling Crack Sealing Parking Lot Reconstruction Asphalt Repairs Tennis Court Line Striping Asphalt Contractors • 508-898-9293 • www.rlgpaving.com Recreation Surfaces Inside Front Cover April 23-29, 2021 New England Real Estate Journal nerej.com OFFICE SPACE FOR LEASE 1 Innovation Way, Merrimack, NH LEASING OPPORTUNITIES AVAILABLE: +/-15,000 SF AND UP This newly renovated building masterfully pairs a prestigious corporate image with a campus styled setting. A stunning glass entrance segues to the modern grand stairway, featuring cathedral ceilings, oversized windows, open concept floor spaces, and executive offices, as well as conference and board rooms. With plenty of parking - it is perfect for your company headquarters! FEATURES CONTACT US Convenient access to major highways FOR A TOUR TODAY! Abundant parking CHARLES PANASIS Minutes from world-class shopping (603) 799-6926 Virtual tours available [email protected] JAMES TOBIN PROPERTY INFORMATION (603) 315-4668 Building Size: ±105,000 SF [email protected] Land Area: ±11.50 acres Year Built: 2004 DEREK LAWTON Number of Stories: 3 (978) 319-2508 [email protected] Elevator(s): 2 Parking: 359 JAMISON BIBAUD (603) 716-6652 [email protected] bradysullivan.com nerej.com New England Real Estate Journal April 23-29, 2021 Inside Back Cover CONSTRUCTION. MANAGED. FULCRUM PRE-CON® CONSTRUCTION MANAGEMENT DESIGN - BUILD CONNECT WITH US! 5 Tech Circle | Amherst, NH 03031 | 603.673.3200 | fulcrum-nh.com DOES YOUR COMPANY OFFER SERVICES RELATED TO COMMERCIAL REAL ESTATE? GET CONNECTED! CLAIM YOUR LISTING IN THE NEW ENGLAND REAL ESTATE JOURNAL CONNECT DIRECTORY NEREJ Connect Directory is the go-to resource for those in the CRE space to find professional services. This is your opportunity to get connected! Reach 33,000+ Targeted Monthly Web Visitors Looking for Your Services Get a Full Custom Listing for Your Company or Business Get a Full On-Page Archive of Your NEREJ News Stories GET YOUR Get Direct Links to Your Company Website and Social Channels COMPLETE CUSTOM LISTING FOR ONLY: Get Inbound Links to Your Website in Your NEREJ News Stories $ 95 /mo GET UP AND RUNNING WITHIN 24 HOURS. email: [email protected] April 23 - 29, 2021 Volume 60 • Issue 16 Quick Read JLL Capital Markets reps PGA Realty in $44.25 million sale A LIFE SCIENCE CAMPUS TO BE BUILT OVER THE MASS. PIKE IQHQ and Meredith Mgmt. begin construction on $1b Fenway Center SEE PAGE 6A BOSTON, MA IQHQ, Inc., a premier Fenway Center project is directly The Davis Cos. life sciences real estate development adjacent to the Lansdowne Commuter company and local co-developer Rail Station, as well as the Kenmore secures 75,118 s/f Meredith Management, began con- Sq. and Fenway Green Line Stations, struction on the $1 billion Fenway which will provide future lab and in leases at two Center development, a life science office workers with easy access to properties campus that will anchor a growing public transportation. life science district between Kenmore Fenway Center will also feature Sq. and the Longwood Medical and 1.6 acres of landscaped green space Academic Area. The project will be that will be called Life Science Park: situated on an air rights deck over the A Monument to Life Sciences and Mass. Pike connecting the Beacon Public Health. The Park will connect St. and Brookline Ave. bridges at Brookline Ave., Lansdowne Station the western gateway to the city, and and Beacon St., and it will feature it will improve pedestrian connections art and exhibition spaces dedicated between the Longwood Medical Area to the history, achievements, heroes and the historic Audubon Circle, Fen- and consequential impacts of the life way, Kenmore Sq., Boston University sciences and public health sectors. and Back Bay neighborhoods. For full story visit nerej.com Once completed, Fenway Center will include a new two-tower, inter- connected life science campus with LOCATED IN BROADWAY BUSINESS PARK ON CREEK BROOK DR. access to public transportation and SEE PAGE 5A amenities. It is adjacent to BOWER, a new 312-unit luxury apartment complex that contains 38,000 s/f of Dacon to create a 121,800 s/f Griffin Electric amenity-oriented retail, the Lans- downe MBTA Commuter Rail Sta- new facility for Edwards Vacuum celebrates tion, Fenway Park and the Lansdowne inaugural Entertainment District. HAVERHILL, MA Dacon Corp. is cre- The project design, which was ating a 121,800 s/f new facility for graduating class approved by the city last year, features Edwards Vacuum, a developer and more than 960,000 s/f of life-science manufacturer of sophisticated vac- of Wentworth buildings with 10,000 s/f of ground uum products, exhaust management associate’s degree floor retail along Brookline Ave. and systems and related services. This Beacon St., along with an automated building is in response to Edwards’ program garage that will be accessible from acquisition of Brooks Automa- both buildings. tion, thereby expanding the firm’s “Fenway Center creates a direct technology offerings within the connection between premier life sci- semiconductor and general vacuum ence, research, academic and medical industries. districts at the gateway to Boston. It Located in the Broadway Busi- also reunites several of Boston’s icon- ness Park on Creek Brook Dr., the ic neighborhoods after more than 100 facility’s anticipated completion is years of separation caused by railroad in the second quarter of 2022 and tracks and the Mass Pike,” said John is expected to bring 200 jobs to Bonanno, chief investment officer of the area. Cummings Props. appoints Halsey as leasing manager IQHQ. “Fenway Center will be the The design of this two-story WOBURN, MA Full-service commercial 160 client firms and recently set a gateway to the Longwood Medical LEED facility centers on four func- real estate firm Cummings Properties departmental record for the most new Center and act as a prominent catalyst tional domains – manufacturing, has appointed John Halsey as its leases signed in a single year. SEE PAGE 10A for Boston’s rapidly growing life sci- labs, offices and warehousing. The leasing manager. Halsey will oversee “John has demonstrated impressive Editorial Page .......................... 4A ence sector that will serve the needs largest portion of the first floor – the company’s business development business acumen,” said Cummings of future tenants with collaborative 70,000 s/f – centers on manufactur- efforts across 10 of the 11 suburban president Eric Anderson. “His con- N. Allen ..................................... 4A workspaces teaming with top talent, ing, alongside warehouse/storage, communities in which it operates. scientious, strategic approach to Referral Network ................... 9A and access to world-class entertain- R&D labs, a training room, cafe- Halsey joined Cummings in 2016. sales and relationship management Thru the Lens ........................10A ment, amenities, residential space and teria, fitness area and bike storage. As an account manager, he developed will help us tap new markets as well Billboard/Auctions .........12-17A public transportation.” Offices, conference rooms and an relationships with existing leasing as expand the significant business, Considered a model transit and observation room will be situated clients and cultivated new client pros- science, technology, and medical nerej.com sustainable energy-oriented devel- in the mezzanine area. pects. Initially assigned 10 accounts, clusters present throughout our opment, the Gold LEED certified For full story visit nerej.com he steadily amassed a portfolio of portfolio.” Inside Cover A April 23 - 29, 2021 New England Real Estate Journal nerej.com Peabody Works! Centennial Park | Peabody, MA | www.PeabodyWorks.com In the heart of the North Shore at the junction of Route 128 & I-95, with easy access to Boston & Logan International Airport Centennial Park | Peabody, MA 17 Miles to Boston 1 95 128 Exit 28 First-Class Medical, Office, R&D, & Manufacturing Spaces Available! 1 Corporation Way 2 Corporation Way 2 Technology Dr.