Our Blog http://naihunnemanblog.com/?p=1737 https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/ Uncategorized Suburbs Dominate Recent Office Sales As discussed in our Q1 2018 office market report, transaction volume failed to make headway in Boston’s office market during the first quarter of 2018. With that said, Boston remains a highly-desirable destination for capital among all investor types, and the limited inventory of available properties for sale continues to drive up pricing. Similar to national &#8230; <a href="https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/" class="more-link">Continue reading <span class="screen-reader-text">Suburbs Dominate Recent Office&#160;Sales</span></a> Tue, 05 Jun 2018 15:46:43 Z https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/#respond Liz Berthelette <p>As discussed in our <a href="https://user-169168.cld.bz/Q1-2018-OfficeReport">Q1 2018 office market report</a>, transaction volume failed to make headway in Boston’s office market during the first quarter of 2018. With that said, Boston remains a highly-desirable destination for capital among all investor types, and the limited inventory of available properties for sale continues to drive up pricing.</p> <p><img data-attachment-id="1740" data-permalink="https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/abp_7513_edited/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=676" data-orig-size="4723,2128" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;NIKON D800&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1503665444&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;640&quot;,&quot;shutter_speed&quot;:&quot;0.00025&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="ABP_7513_edited" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=676?w=676" class="alignnone size-full wp-image-1740" src="https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=676" alt="ABP_7513_edited" srcset="https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/06/abp_7513_edited.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" /></p> <p>Similar to national office trends, suburban investment is on an upswing. Investors seeking higher yields and greater opportunities are driving this expanded activity. In fact, more than $1.3 billion in suburban assets have changed hands in the last two quarters. In Boston’s urban markets, which encompasses Cambridge, less than $500 million transacted during the same time frame. Three out of the top four largest first-quarter office transactions took place in the ‘burbs, with CrossHarbor Capital Partners’ $277 million purchase of Cross Point in Lowell representing the top deal. Spear Street Capital’s $88 million acquisition of the former Reebok campus in Canton was another major sale that closed in early 2018.</p> <p><img data-attachment-id="1738" data-permalink="https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/sales-data_quarterly-volume-002_edited/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=676" data-orig-size="1692,800" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Sales Data_Quarterly Volume (002)_edited" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=676?w=676" class="alignnone size-full wp-image-1738" src="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=676" alt="Sales Data_Quarterly Volume (002)_edited" srcset="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_quarterly-volume-002_edited.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" />As a result, pricing growth has finally started to gain some momentum in Greater Boston’s suburbs; expanding by 30% from Q1 2017 to Q1 2018. Barring this recent surge, suburban sale prices have remained relatively stable. It wasn’t until very recently that pricing had reached the previous cycle’s peak. While growth has slowed in the urban markets, pricing remains elevated near peak levels and the delta between urban/suburban pricing is as wide as ever.</p> <p><img data-attachment-id="1739" data-permalink="https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/sales-data_median-price-002_edited/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=676" data-orig-size="1700,857" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Sales Data_Median Price (002)_edited" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=676?w=676" class="alignnone size-full wp-image-1739" src="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=676" alt="Sales Data_Median Price (002)_edited" srcset="https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/06/sales-data_median-price-002_edited.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" />As a result, when Downtown assets do change hands, buyers will pay a premium. Exan Capital recently purchased 40 Court Street, a 109,705-square-foot Class B asset in the Financial District for $54 million or $492 per square foot at a 4% cap rate. Stars Investment paid just $31 million for the building in 2014. The sale of 28 State Street is reportedly nearing completion, with an estimated price tag of $430 million or $745 per square foot. This would represent a 25% price increase from the asset’s 2014 sale. Finally, Tishman Speyer’s yet-to-be-delivered Pier 4 office building could fetch $420 million or a whopping $1,100 per square foot.</p> <p>Given these pricing trends and the lack of available product for sale in urban Boston, investors will continue to seek value in suburban assets.</p> https://naihunnemanblog.com/2018/06/05/suburbs-dominate-recent-office-sales/feed/ 0 lberthelette ABP_7513_edited Sales Data_Quarterly Volume (002)_edited Sales Data_Median Price (002)_edited 2018-06-05 15:46 +00:00 2018-06-05 10:46 -05:00 http://naihunnemanblog.com/?p=1732 https://naihunnemanblog.com/2018/05/02/nai-hunnemans-urban-advisory-group-brokers-5044-sf-lease-at-133-federal-street/ Company News Dowtown Boston Press Release Boston commercial real estate Financial District office NAI Hunneman’s Urban Advisory Group Brokers 5,044 SF Lease at 133 Federal Street Roth &#38; Evans represent Accu-Time Systems in relocation and expansion within Boston’s Financial District NAI Hunneman recently completed a 5,044 SF long-term lease transaction with Accu-Time Systems. The Connecticut based time and attendance technology company will be relocating from 175 Federal Street to the ninth floor of 133 Federal Street this Summer. NAI Hunneman Urban &#8230; <a href="https://naihunnemanblog.com/2018/05/02/nai-hunnemans-urban-advisory-group-brokers-5044-sf-lease-at-133-federal-street/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Urban Advisory Group Brokers 5,044 SF Lease at 133 Federal&#160;Street</span></a> Wed, 02 May 2018 14:04:08 Z https://naihunnemanblog.com/2018/05/02/nai-hunnemans-urban-advisory-group-brokers-5044-sf-lease-at-133-federal-street/#respond NAI Hunneman <p><img data-attachment-id="1733" data-permalink="https://naihunnemanblog.com/2018/05/02/nai-hunnemans-urban-advisory-group-brokers-5044-sf-lease-at-133-federal-street/133-federal/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=641&#038;h=438" data-orig-size="982,672" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="133 Federal" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=641&#038;h=438?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=641&#038;h=438?w=676" class=" wp-image-1733 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=641&#038;h=438" alt="133 Federal" width="641" height="438" srcset="https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=641&amp;h=438 641w, https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=150&amp;h=103 150w, https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=300&amp;h=205 300w, https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg?w=768&amp;h=526 768w, https://naihunnemanblog.files.wordpress.com/2018/05/133-federal.jpg 982w" sizes="(max-width: 641px) 100vw, 641px" /></p> <p style="text-align:center;"><em>Roth &amp; Evans represent Accu-Time Systems in relocation and expansion within Boston’s Financial District</em></p> <p>NAI Hunneman recently completed a 5,044 SF long-term lease transaction with Accu-Time Systems. The Connecticut based time and attendance technology company will be relocating from 175 Federal Street to the ninth floor of 133 Federal Street this Summer.</p> <p>NAI Hunneman Urban Advisory Group members Jason Roth &amp; Peter Evans represented Accu-Time in the transaction, while Gilbert Dailey and Tim Bianchi of Newmark Knight Frank represented the landlord, Transnational.</p> <p>“Accu-Time thoroughly examined the market but, in the end, 133 Federal Street offered the firm exactly what it was looking for, a centrally located, Class A building, along with a customized-buildout that allows them to accommodate growth without dramatically increasing their footprint,” said Roth.</p> <p>Accu-Time CFO Lisa Gladysz said, “NAI Hunneman’s Urban Advisory Group left no stone unturned, giving us an abundance of information on the market, guiding our evaluation process, and leading our lease negotiations. 133 Federal Street checked all the boxes; new space that will allow us to accommodate growth without significantly expanding our footprint, and a central downtown location that allows us to retain our existing employees and recruit additional talent.”</p> <p><strong><u>NAI Hunneman’s Urban Advisory Group</u></strong></p> <p>NAI Hunneman’s Urban Advisory Group provides landlords and tenants with the highest level of innovative real estate solutions focused on Boston’s core urban markets as well as its immediate inner suburban ring. The Urban Advisory Group consists of Peter Evans, Jason Roth, Colin Gordon, and Matthew Davis.</p> <p><strong><u>NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/05/02/nai-hunnemans-urban-advisory-group-brokers-5044-sf-lease-at-133-federal-street/feed/ 0 naihunneman 133 Federal 2018-05-02 14:04 +00:00 2018-05-02 09:04 -05:00 http://naihunnemanblog.com/?p=1729 https://naihunnemanblog.com/2018/04/24/from-the-research-desk-takeaways-from-the-new-england-real-estate-journals-south-of-boston-summit/ Company News Research South Market From The Research Desk – Takeaways from the New England Real Estate Journal’s South of Boston Summit Two weeks ago, the New England Real Estate Journal hosted the 2018 South of Boston Summit, where people working in industries ranging from construction to politics congregated to discuss the current state of the South Shore market. Discussions included the continued growth of the multifamily sector, historically low-interest rates and their impact on select commercial &#8230; <a href="https://naihunnemanblog.com/2018/04/24/from-the-research-desk-takeaways-from-the-new-england-real-estate-journals-south-of-boston-summit/" class="more-link">Continue reading <span class="screen-reader-text">From The Research Desk &#8211; Takeaways from the New England Real Estate Journal&#8217;s South of Boston&#160;Summit</span></a> Tue, 24 Apr 2018 20:16:04 Z https://naihunnemanblog.com/2018/04/24/from-the-research-desk-takeaways-from-the-new-england-real-estate-journals-south-of-boston-summit/#respond NAI Hunneman <p><img data-attachment-id="1730" data-permalink="https://naihunnemanblog.com/2018/04/24/from-the-research-desk-takeaways-from-the-new-england-real-estate-journals-south-of-boston-summit/nerej-summit/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=676" data-orig-size="1000,500" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="NEREJ summit" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=676?w=676" class=" size-full wp-image-1730 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=676" alt="NEREJ summit" srcset="https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/04/nerej-summit.jpg 1000w" sizes="(max-width: 676px) 100vw, 676px" /></p> <p>Two weeks ago, the New England Real Estate Journal hosted the 2018 South of Boston Summit, where people working in industries ranging from construction to politics congregated to discuss the current state of the South Shore market. Discussions included the continued growth of the multifamily sector, historically low-interest rates and their impact on select commercial markets, and current and future development projects. While every panel was full of pertinent and relevant information, the projected real estate trends and their potential impacts on the Massachusetts market, discussed by one of the panelists, provided a virtuous overview of what trends we can expect to continue going forward. Below are three central takeaways:</p> <ol> <li><strong>The Rise</strong><strong> of Coworking: </strong>Coworking space in Boston has been a hot trend over the past 12 months. In the greater metro area alone, coworking assets account for nearly 2.5 million square feet. This has been bolstered by the booms of such companies as WeWork and Workbar, who continue to eat up office space, most recently in the Back Bay. This trend has also led landlords to change the basis of their rental rates from per/sf to per/person, something worth monitoring as this industry continues to grow.</li> <li><strong>Live, Work, Play!: </strong>The heightened awareness of a healthy work-life balance has played a significant role in commercial real estate over the past few years. While traditional occupations such as banks and law firms provide little wiggle room for such an agenda, we’ve seen several start-ups and tech-based companies incorporate this into their brand. Such firms as Mimecast, an email security software company headquartered in Lexington, have built campuses to resemble forward-thinking companies like Google, where their workplace provides several amenities that have proven to increase the quality of their employee’s production. Such comforts include on-campus study/nap rooms, game rooms, fitness centers and so on. This trend has and will continue to grow as more and more industries begin to realize the many benefits of a healthy work-lifestyle equilibrium.</li> <li><strong>The Suburban Price Relief Valve: </strong>The city of Boston is unique in the fact that rental rates drop significantly merely an hour outside of the metro area. This attribute, known as the suburban price relief valve, has allowed several industries to headquarter all facets of their company in the Greater Boston area. For example, a pharmaceutical company can strategically position their research &amp; development department in the heart of the city, while paying a significantly lower rental rate for their manufacturing &amp; distribution facility only an hour away.</li> </ol> <p>The 2018 South of Boston Summit provided a very detailed overview of what is expected to transpire over the next couple of years in the real estate market. Included in this panel were central real estate trends projected to continue throughout the upcoming year. We believe that some of these trends, especially the ones outlined above, will play a substantial role in the landscape of Massachusetts real estate market for years to come.</p> https://naihunnemanblog.com/2018/04/24/from-the-research-desk-takeaways-from-the-new-england-real-estate-journals-south-of-boston-summit/feed/ 0 naihunneman NEREJ summit 2018-04-24 20:16 +00:00 2018-04-24 15:16 -05:00 http://naihunnemanblog.com/?p=1726 https://naihunnemanblog.com/2018/04/23/nai-hunnemans-leasing-advisory-services-group-completes-32995-sf-lease-at-1245-providence-highway-in-sharon/ Company News Industrial South Market Press Release commercial real estate industrial suburban NAI Hunneman’s Leasing & Advisory Services Group completes 32,995 SF lease at 1245 Providence Highway in Sharon Minnerly, Osvold &#38; Hannigan represent Landlord &#38; Taryn Wilson of NKF represents Tenant in transaction at Route 1 warehouse building BOSTON, MA &#8211; NAI Hunneman recently completed a 32,995 SF lease with Reiser at 1245 Providence Highway in Sharon, MA, bringing the building to 100% occupancy. The transaction will serve as an additional location for &#8230; <a href="https://naihunnemanblog.com/2018/04/23/nai-hunnemans-leasing-advisory-services-group-completes-32995-sf-lease-at-1245-providence-highway-in-sharon/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Leasing &#38; Advisory Services Group completes 32,995 SF lease at 1245 Providence Highway in&#160;Sharon</span></a> Mon, 23 Apr 2018 15:00:44 Z https://naihunnemanblog.com/2018/04/23/nai-hunnemans-leasing-advisory-services-group-completes-32995-sf-lease-at-1245-providence-highway-in-sharon/#respond NAI Hunneman <p><img data-attachment-id="1727" data-permalink="https://naihunnemanblog.com/2018/04/23/nai-hunnemans-leasing-advisory-services-group-completes-32995-sf-lease-at-1245-providence-highway-in-sharon/01_22_17-1254_option-3_image1/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/04/01_22_17-1254_option-3_image1.jpg?w=644&#038;h=304" data-orig-size="1844,903" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="01_22_17 &#8211; 1254_Option 3_Image1" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/04/01_22_17-1254_option-3_image1.jpg?w=644&#038;h=304?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/04/01_22_17-1254_option-3_image1.jpg?w=644&#038;h=304?w=676" class=" wp-image-1727 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/04/01_22_17-1254_option-3_image1.jpg?w=644&#038;h=304" alt="01_22_17 - 1254_Option 3_Image1" width="644" height="304" /></p> <p style="text-align:center;"><em>Minnerly, Osvold &amp; Hannigan represent Landlord &amp; Taryn Wilson of NKF represents Tenant in transaction at Route 1 warehouse building</em></p> <p>BOSTON, MA &#8211; NAI Hunneman recently completed a 32,995 SF lease with Reiser at 1245 Providence Highway in Sharon, MA, bringing the building to 100% occupancy. The transaction will serve as an additional location for the leading supplier of food processing and packaging equipment currently headquartered at 725 Dedham Street in Canton.</p> <p>The NAI Hunneman South team of Cathy Minnerly, Ovar Osvold, and Sean Hannigan represented the Landlord, J.D. Murphy Real Estate, in the transaction, while Reiser was represented by Taryn Wilson of Newmark Knight Frank.</p> <p>“1245 Providence Highway, located right on Route 1 and just off I-95, offers great access and visibility,” said Minnerly. “The building, which is undergoing significant capital improvements including a new façade, new windows, and pavement striping, will provide Reiser with an ideal second location to complement their Canton headquarters.”</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <u>naihunneman.com.</u></p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/04/23/nai-hunnemans-leasing-advisory-services-group-completes-32995-sf-lease-at-1245-providence-highway-in-sharon/feed/ 0 naihunneman 01_22_17 - 1254_Option 3_Image1 2018-04-23 15:00 +00:00 2018-04-23 10:00 -05:00 http://naihunnemanblog.com/?p=1724 https://naihunnemanblog.com/2018/04/09/nai-hunneman-partners-with-nai-norwood-group-on-35191-sf-lease-for-altitude-trampoline-park-at-steeplegate-mall/ Company News Press Release NAI Hunneman Partners with NAI Norwood Group on 35,191 SF Lease for Altitude Trampoline Park at Steeplegate Mall NAI Affiliates combine resources to complete lease transaction for a new location at Steeplegate Mall minutes from downtown Concord, NH NAI Hunneman &#38; NAI Norwood recently completed a 35,191 SF lease transaction with Altitude Trampoline Park for a new location within the former Circuit City space at the Steeplegate Mall in Concord, NH. The new &#8230; <a href="https://naihunnemanblog.com/2018/04/09/nai-hunneman-partners-with-nai-norwood-group-on-35191-sf-lease-for-altitude-trampoline-park-at-steeplegate-mall/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Partners with NAI Norwood Group on 35,191 SF Lease for Altitude Trampoline Park at Steeplegate&#160;Mall</span></a> Mon, 09 Apr 2018 17:45:21 Z https://naihunnemanblog.com/2018/04/09/nai-hunneman-partners-with-nai-norwood-group-on-35191-sf-lease-for-altitude-trampoline-park-at-steeplegate-mall/#respond NAI Hunneman <p style="text-align:center;"><em>NAI Affiliates combine resources to complete lease transaction for a new location at Steeplegate Mall minutes from downtown Concord, NH</em></p> <p>NAI Hunneman &amp; NAI Norwood recently completed a 35,191 SF lease transaction with Altitude Trampoline Park for a new location within the former Circuit City space at the Steeplegate Mall in Concord, NH. The new location which is currently under construction is the third New Hampshire location for Altitude.</p> <p>Deana Arden from NAI Norwood, along with the NAI Hunneman team of Cathy Minnerly, Sean Hannigan and Glenne Bachman represented Altitude Trampoline Park while Mason Asset Management served landlord’s representative in the transaction.</p> <p>“Our team provided Altitude with an extensive analysis of the market and determined that the Steeplegate Mall offered a strong location, minutes from the downtown area with easy access to highways and other major thoroughfares,” said Deana Arden of NAI Norwood. “The trampoline park business has become an attractive and sought-after amenity; and the addition of Altitude to the mall (the first of its kind in the region) is the catalyst for an aggressive marketing campaign we are undertaking to fill and revitalize the property, as well as Concord.”</p> <p>Slated for opening in the late summer of 2018 the new Steeplegate Mall location will include over 20,000 SF for attractions such as the Main Trampoline Court, Wipeout, Trapeze, Tumble Track, Bouldering Wall, Battle Beam, Reaction Wall, Kids Court and other attractions. Altitude specializes in group events such as Birthday Parties, Corporate Team-building and Camp and School outings. Steve Payne, of Salem, NH, is the Co-owner and Operating Partner of Altitude Trampoline Park of Concord LLC and said: “We are very pleased to bring Altitude’s emphasis on active entertainment to the Concord area. The Steeplegate location is very accessible to people from all over the region and will serve us well for decades into the future.”</p> <p>The Hunneman/Norwood team has also completed lease transactions for new Altitude Trampoline Park locations in Merrimack &amp; Pelham, NH. For more information on Altitude you, please visit their website at <a href="http://www.altitudetrampolinepark.com/concord">www.altitudetrampolinepark.com/concord</a>.</p> <p><strong><u>NAI Hunneman/NAI Norwood Group:</u></strong></p> <p>NAI Hunneman &amp; NAI Norwood Group are leading providers of commercial real estate services to corporations, institutions and the private market in Boston and New Hampshire. Both firms are members of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a> and <a href="http://www.nainorwoodgroup.com">www.nainorwoodgroup.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/04/09/nai-hunneman-partners-with-nai-norwood-group-on-35191-sf-lease-for-altitude-trampoline-park-at-steeplegate-mall/feed/ 0 naihunneman 2018-04-09 17:45 +00:00 2018-04-09 12:45 -05:00 http://naihunnemanblog.com/?p=1718 https://naihunnemanblog.com/2018/03/21/nai-hunneman-completes-lease-with-mighty-squirrel-brewing-co-for-new-location-at-waverley-oaks-park/ Company News Press Release Suburban Leasing NAI Hunneman Completes Lease with Mighty Squirrel Brewing Co. for New Location at Waverley Oaks Park Urban and Suburban teams combine efforts for a new 23,000 SF location at Waltham Park for the popular microbrewery BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently represented Duffy Properties as well as tenant Mighty Squirrel Brewing Co. for a new 23,000 SF, 15-year lease at 411 Waverley Oaks Road (Building 1) &#8230; <a href="https://naihunnemanblog.com/2018/03/21/nai-hunneman-completes-lease-with-mighty-squirrel-brewing-co-for-new-location-at-waverley-oaks-park/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Completes Lease with Mighty Squirrel Brewing Co. for New Location at Waverley Oaks&#160;Park</span></a> Wed, 21 Mar 2018 19:19:54 Z https://naihunnemanblog.com/2018/03/21/nai-hunneman-completes-lease-with-mighty-squirrel-brewing-co-for-new-location-at-waverley-oaks-park/#respond NAI Hunneman <p><img data-attachment-id="1719" data-permalink="https://naihunnemanblog.com/2018/03/21/nai-hunneman-completes-lease-with-mighty-squirrel-brewing-co-for-new-location-at-waverley-oaks-park/mighty-squirrel-at-waverley-oaks-park/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=676" data-orig-size="2042,860" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 6s&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1500393624&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.15&quot;,&quot;iso&quot;:&quot;25&quot;,&quot;shutter_speed&quot;:&quot;0.0014306151645207&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Mighty Squirrel at Waverley Oaks Park" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=676?w=676" class=" size-full wp-image-1719 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=676" alt="Mighty Squirrel at Waverley Oaks Park" srcset="https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/03/mighty-squirrel-at-waverley-oaks-park.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" /></p> <p style="text-align:center;"><em>Urban and Suburban teams combine efforts for a new 23,000 SF location at Waltham Park for the popular microbrewery</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently represented Duffy Properties as well as tenant Mighty Squirrel Brewing Co. for a new 23,000 SF, 15-year lease at 411 Waverley Oaks Road (Building 1) in Waltham. The space will be home to Mighty Squirrel’s new full production brewery and tap room.</p> <p>NAI Hunneman Urban Advisory Group team members Peter Evans and Colin Gordon represented Mighty Squirrel, while the suburban team of Steve James, Leeanne Rizzo, and Patrick Grady represented Waverley Oaks owner Duffy Properties.</p> <p>“We are over the moon excited to be opening our first brick and mortar in Waltham with its diverse population and rich manufacturing history,” Mighty Squirrel Co-Founders Naveen Pawar and Henry Manice said. “The Duffy’s business park is top notch and there is a stunning 300-acre park literally steps from the brewery with beautiful walking and biking trails that people can explore before stopping by Mighty Squirrel for a pint of fresh beer.”</p> <p>“Our goal is to make the tap room a fun and vibrant hangout for Waltham residents and many others,” Naveen and Henry added. “We have been distributing our beers over the past three years in bars, restaurants, and stores across the state and can’t wait to finally have a chance to welcome everyone to our tap room.”</p> <p>Waverly Oaks Park was chosen for the brewery after an “extensive review of the market, examining options in the city as well as the suburbs,” Evans said.</p> <p>“Waverley Oaks Park provides Mighty Squirrel with a first-class, high visibility space within an active suburban park, and allows the company to expand its operations, all while working with great ownership in Duffy Properties,” Evans added.</p> <p>“We are thrilled to welcome such a fantastic and innovative company like Mighty Squirrel to Waverley Oaks Park,” said Duffy Properties Principal Bob Duffy. “This is part of our continued commitment to providing our tenants with a variety of exciting amenities just steps from their office doors.”</p> <p>Located just minutes from Rt 128, Waverley Oaks Park is a 1.2 million-square-foot office park that includes a corporate headquarters environment, excellent expansion opportunities, established local ownership, efficient floor plans, amazing on-site amenities, and abundant parking. Learn more at <a href="http://www.waverleyoakspark.com">www.waverleyoakspark.com</a>.</p> <p>The space was a perfect fit for Mighty Squirrel, as the brewery will be a cultural and social hub for the park as well as the surrounding community in Waltham.</p> <p>“We are going to engage the community with all kinds of cool events in addition to offering regular tap room hours,” Naveen and Henry said. “We really want to provide an exceptional and memorable experience for people. For starters, all of our customers will be able to see the whole beer making process from start to finish while they are standing in the tap room. People can come to Mighty Squirrel to catch up with friends and family, fit in some work on a Saturday afternoon at a table using our Wi-Fi, or celebrate their latest adventures and mighty moments, big or small.”</p> <p><strong><u>About Mighty Squirrel Brewing Co.</u></strong></p> <p>Mighty Squirrel Brewing Co. was founded by friends and homebrewers Naveen Pawar and Henry Manice in 2013 and has since expanded distribution of its beers, including its New England style IPA “Cloud Candy”, Kiwi White, and Mocha Stout, across Massachusetts through its partner Atlantic Beverage and across Rhode Island through its partner McLaughlin &amp; Moran. The company is always looking to find fun ways to interact with the community through creative events and innovative partnerships. Learn more at <a href="http://www.mightysquirrel.com">www.mightysquirrel.com</a>  and  <a href="http://www.instagram.com/mightysqrl">www.instagram.com/mightysqrl</a></p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/03/21/nai-hunneman-completes-lease-with-mighty-squirrel-brewing-co-for-new-location-at-waverley-oaks-park/feed/ 0 naihunneman Mighty Squirrel at Waverley Oaks Park 2018-03-21 19:19 +00:00 2018-03-21 14:19 -05:00 http://naihunnemanblog.com/?p=1713 https://naihunnemanblog.com/2018/03/21/from-the-research-department-costar-2018-u-s-multifamily-outlook/ Company News Research local Multifamily national transactions From The Research Department – CoStar 2018 U.S. Multifamily Outlook &#160; CoStar recently held an event in which some of their top real estate experts presented a detailed overlook of the current and projected state of the Multifamily market, both locally and nationally. Below are a few central takeaways: The Golden Age of Multifamily continues to evolve: Due to the increase in the “top of &#8230; <a href="https://naihunnemanblog.com/2018/03/21/from-the-research-department-costar-2018-u-s-multifamily-outlook/" class="more-link">Continue reading <span class="screen-reader-text">From The Research Department &#8211; CoStar 2018 U.S. Multifamily&#160;Outlook</span></a> Wed, 21 Mar 2018 17:41:57 Z https://naihunnemanblog.com/2018/03/21/from-the-research-department-costar-2018-u-s-multifamily-outlook/#respond NAI Hunneman <p><img data-attachment-id="860" data-permalink="https://naihunnemanblog.com/2017/02/16/from-the-research-desk-costar-state-of-the-office-market-recap/bostonskyline-night-croped/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=676" data-orig-size="4995,1974" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="bostonskyline-night-croped" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=676?w=676" class=" size-full wp-image-860 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=676" alt="bostonskyline-night-croped" srcset="https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=1352 1352w, https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2017/02/bostonskyline-night-croped.jpg?w=1024 1024w" sizes="(max-width: 676px) 100vw, 676px" /></p> <p>&nbsp;</p> <p><a href="http://www.costar.com/">CoStar</a> recently held an event in which some of their top real estate experts presented a detailed overlook of the current and projected state of the Multifamily market, both locally and nationally. Below are a few central takeaways:</p> <ol> <li><strong>The <em>Golden Age of Multifamily</em> continues to evolve: </strong>Due to the increase in the “top of the market” construction, pressure continues to mound on luxury markets. With multifamily properties offering a mixed-use, a notable rent premium can be applied, in turn allowing high rents in typically low rent locations. In addition to this, the housing supply is normalizing, leading to higher demand for multifamily assets.</li> <li><strong>At the highest levels, commercial real estate density places a small role in total rent growth: </strong>The keys to projecting rent growth in high density commercial real estate locations are simply the location’s amenities. Desired areas with high traffic are often coupled with amenities such as coffee shops, fitness centers, grocery stores, shopping centers, and nightlife, thus increasing the demand and overall rent of these properties.</li> <li><strong>Drop in homeownership = more renter households: </strong>This takeaway may appear to be intuitive, but it is vital knowledge for millennials. The only two generations that are expected to experience renter growth are people that fall in the middle-aged and 65 and older demographic. Due to the drop-in homeownership, there is a significant lack of starter and low price point homes on the market. This is forcing the middle-class population to continue renting opposed to purchasing.</li> <li><strong>Affordability = percentage of people within a market who can actually afford housing within that market:</strong> This statistic varies greatly on a national level, with Boston coming in at 54%. While this is due in part to the earnings ceiling issue, rent growth has shrunk in the higher income markets but has increased in the suburbs and lower income submarkets. Again, this is a direct correlation to all of the new construction taking place in Boston.</li> <li><strong>Multifamily transaction volume is up from 2015: </strong>Though office and retail transaction has decreased 17% since 2015, the multifamily sector continues to remain strong. While this has proven to be lucrative for several multifamily owners and landlords, ability to perform smaller deals at higher price points, is causing concerns of overpricing in the B markets.</li> </ol> <p>Overall, Multifamily assets will remain to be a hot commodity for years to come. With continuous construction and the looming possibility of Amazon’s second headquarters, multifamily properties should expect to sustain high levels of demand and interest.</p> https://naihunnemanblog.com/2018/03/21/from-the-research-department-costar-2018-u-s-multifamily-outlook/feed/ 0 naihunneman bostonskyline-night-croped 2018-03-21 17:41 +00:00 2018-03-21 12:41 -05:00 http://naihunnemanblog.com/?p=1709 https://naihunnemanblog.com/2018/03/20/nai-hunneman-research-director-launches-new-podcast/ Company News Market News Research Boston capital markets economy industrial Investment lab Multifamily office real estate retail suburban NAI Hunneman Research Director Launches New Podcast RealTalk CRE to focus on industry trends, economic data, forecasts and more NAI Hunneman is pleased to announce that Director of Research Liz Berthelette will be debuting a new podcast this week. Real Talk CRE is a 30-minute show where Liz will be taking her more than 12 years as a research director and economist &#8230; <a href="https://naihunnemanblog.com/2018/03/20/nai-hunneman-research-director-launches-new-podcast/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Research Director Launches New&#160;Podcast</span></a> Tue, 20 Mar 2018 13:46:15 Z https://naihunnemanblog.com/2018/03/20/nai-hunneman-research-director-launches-new-podcast/#respond NAI Hunneman <p><img data-attachment-id="1710" data-permalink="https://naihunnemanblog.com/2018/03/20/nai-hunneman-research-director-launches-new-podcast/real-talk-podcast-logo/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/03/real-talk-podcast-logo.jpg?w=452&#038;h=490" data-orig-size="2550,2550" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="Real-Talk-Podcast-Logo" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/03/real-talk-podcast-logo.jpg?w=452&#038;h=490?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/03/real-talk-podcast-logo.jpg?w=452&#038;h=490?w=676" class=" wp-image-1710 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/03/real-talk-podcast-logo.jpg?w=452&#038;h=490" alt="Real-Talk-Podcast-Logo" width="452" height="490" /></p> <p style="text-align:center;"><em>RealTalk CRE to focus on industry trends, economic data, forecasts and more</em></p> <p>NAI Hunneman is pleased to announce that Director of Research Liz Berthelette will be debuting a new podcast this week. <strong>Real Talk CRE</strong> is a 30-minute show where Liz will be taking her more than 12 years as a research director and economist and provide the industry with thought-provoking, cutting-edge content through fresh insights and candid conversations.</p> <p>“We’ll be taking a deeper dive into the economy, research in the media, biotech in Boston, the supposed retail apocalypse, and much more,” said Berthelette. “And our guest list includes some of the most influential minds in commercial real estate today.”</p> <p>The first episode will air this Wednesday and new episodes are currently in the works. To get the schedule of upcoming episodes and guest profiles you can follow RealTalk on Twitter at <a href="https://twitter.com/RealTalkCRE?lang=en">@RealTalkCRE</a>. You can also follow Liz at @liz_berthelette and find more of her expert commentary on <a href="https://naihunnemanblog.com/">the Hunneman blog</a>. Liz is a frequent commentator on the Boston real estate market who has been featured in <em>Bisnow Boston, Banker &amp; Tradesman </em>and <em>New England Real Estate Journal</em>, among other publications. You can find a teaser for the podcast <a href="https://soundcloud.com/realtalkcre/real-talk-cre-teaser">here</a>.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/03/20/nai-hunneman-research-director-launches-new-podcast/feed/ 0 naihunneman Real-Talk-Podcast-Logo 2018-03-20 13:46 +00:00 2018-03-20 08:46 -05:00 http://naihunnemanblog.com/?p=1706 https://naihunnemanblog.com/2018/03/15/nai-hunneman-partners-with-nai-puget-sound-on-14-8-million-class-a-office-sale/ Company News Investment Press Release NAI Hunneman Partners with NAI Puget Sound on $14.8 Million Class A Office Sale NAI Hunneman’s Robert Tito &#38; NAI Puget Sound’s Wyk Parker represented the seller of a 41,405 SF office building in Kirkland Washington BOSTON—NAI Hunneman, a leading provider of commercial real estate services, in conjunction with NAI Puget Sound Properties completed the $14.8 Million sale of Building A of Kirkland 405 Corporate Center; a premier fully-occupied &#8230; <a href="https://naihunnemanblog.com/2018/03/15/nai-hunneman-partners-with-nai-puget-sound-on-14-8-million-class-a-office-sale/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Partners with NAI Puget Sound on $14.8 Million Class A Office&#160;Sale</span></a> Thu, 15 Mar 2018 15:01:41 Z https://naihunnemanblog.com/2018/03/15/nai-hunneman-partners-with-nai-puget-sound-on-14-8-million-class-a-office-sale/#respond NAI Hunneman <p><img data-attachment-id="1707" data-permalink="https://naihunnemanblog.com/2018/03/15/nai-hunneman-partners-with-nai-puget-sound-on-14-8-million-class-a-office-sale/1141-ne-124th-street/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=402&#038;h=336" data-orig-size="406,339" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="1141 NE 124th Street" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=402&#038;h=336?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=402&#038;h=336?w=406" class=" wp-image-1707 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=402&#038;h=336" alt="1141 NE 124th Street" width="402" height="336" srcset="https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=402&amp;h=336 402w, https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=150&amp;h=125 150w, https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg?w=300&amp;h=250 300w, https://naihunnemanblog.files.wordpress.com/2018/03/1141-ne-124th-street.jpg 406w" sizes="(max-width: 402px) 100vw, 402px" /></p> <p style="text-align:center;"><em>NAI Hunneman’s Robert Tito &amp; NAI Puget Sound’s Wyk Parker represented the seller of a 41,405 SF office building in Kirkland Washington</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, in conjunction with NAI Puget Sound Properties completed the $14.8 Million sale of Building A of Kirkland 405 Corporate Center; a premier fully-occupied Class A office property located at 11411 NE 124<sup>th</sup> Street in Kirkland, WA.</p> <p>NAI Hunneman Executive Vice President Robert Tito along with NAI Puget Sound Partner Wyk Parker represented the seller Claddagh Ventures, LLC; while buyer PJP Group LLC was represented by Zac Snedeker of CBRE.</p> <p>“The property was very desirable, as it was stabilized high-quality office asset set within one of Seattle’s most dominant office markets. Using the power of our NAI network, we were able to work together garnering maximum exposure and were able to achieve a record price per square in the Greater Seattle office submarket. While there was an abundance of interest, we were able to identify a 1031 exchange buyer who pre-empted the marketing process by submitting an aggressive offer in terms of price and terms.”</p> <p>“Through our NAI affiliation of 400+ local offices, I’ve been able to complete investment sales throughout the United States.  No matter the location, we are fortunate to have very qualified, real estate professionals, where we can combine our skills and work off of each other synergies in closing deals.  It was a pleasure working with Wyk, his dedication was essential in getting this transaction closed”, said Tito.</p> <p>Kirkland 405 Corporate Center, Building A, is a 100% leased multi-tenant, class A office building located in North Kirkland/Eastside submarket within one of Washington’s wealthiest zip codes.  The building has two stories of office space over one level of covered parking.  Onsite amenities include fitness center, building conference room, and storage rooms.  The property has been well maintained with new HVAC system and controls.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/03/15/nai-hunneman-partners-with-nai-puget-sound-on-14-8-million-class-a-office-sale/feed/ 0 naihunneman 1141 NE 124th Street 2018-03-15 15:01 +00:00 2018-03-15 10:01 -05:00 http://naihunnemanblog.com/?p=1703 https://naihunnemanblog.com/2018/03/14/nai-hunnemans-capital-markets-group-brokers-4-3-million-multifamily-sale/ Company News Dowtown Boston Investment Multifamily Press Release Boston capital markets South End NAI Hunneman’s Capital Markets Group Brokers $4.3 Million Multifamily Sale Christie &#38; McGee Represent the seller &#38; procure the buyer in the disposition of a 10-unit brownstone in Boston. BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $4,375,000 sale of 665-667 Massachusetts Avenue, a 10-unit, brownstone apartment building located in Boston’s South End. Executive Vice President Carl Christie and Assistant &#8230; <a href="https://naihunnemanblog.com/2018/03/14/nai-hunnemans-capital-markets-group-brokers-4-3-million-multifamily-sale/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Capital Markets Group Brokers $4.3 Million Multifamily&#160;Sale</span></a> Wed, 14 Mar 2018 17:13:12 Z https://naihunnemanblog.com/2018/03/14/nai-hunnemans-capital-markets-group-brokers-4-3-million-multifamily-sale/#respond NAI Hunneman <p><img data-attachment-id="1704" data-permalink="https://naihunnemanblog.com/2018/03/14/nai-hunnemans-capital-markets-group-brokers-4-3-million-multifamily-sale/665-667-mass-ave/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=386&#038;h=580" data-orig-size="682,1024" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="665-667 Mass Ave" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=386&#038;h=580?w=200" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=386&#038;h=580?w=676" class=" wp-image-1704 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=386&#038;h=580" alt="665-667 Mass Ave" width="386" height="580" srcset="https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=386&amp;h=580 386w, https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=100&amp;h=150 100w, https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg?w=200&amp;h=300 200w, https://naihunnemanblog.files.wordpress.com/2018/03/665-667-mass-ave.jpg 682w" sizes="(max-width: 386px) 100vw, 386px" /></p> <p style="text-align:center;"><em>Christie &amp; McGee Represent the seller &amp; procure the buyer in the disposition of a 10-unit brownstone in Boston.</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $4,375,000 sale of 665-667 Massachusetts Avenue, a 10-unit, brownstone apartment building located in Boston’s South End.</p> <p>Executive Vice President Carl Christie and Assistant Vice President Dan McGee represented the seller 665-667 Mass Ave, LLC and procured the buyer High Street Properties, LLC.</p> <p>“The property was very well-received by the market and went under agreement fast,” said Christie.  “There are a limited number of large brownstone buildings available in the city and buyer demand remains high.”</p> <p>665-667 Massachusetts Avenue is comprised of 10 units, five (5) one-bedroom units, and five (2) two-bedroom units.  The property is well-located in the South End neighborhood of Boston with convenient access to public transportation via the Silver Line stop on Washington Street.</p> <p><strong><u>About NAI Hunneman:</u></strong></p> <p>Headquartered in Boston, NAI Hunneman is a leading provider of commercial real estate services to corporations, institutions and the private market. NAI Hunneman is a member of NAI Global, the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 7,000 professionals and 400 offices throughout the world. NAI professionals work together with its global management team to help clients strategically optimize their real estate assets. To learn more about NAI Hunneman and the NAI Global Network, please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/03/14/nai-hunnemans-capital-markets-group-brokers-4-3-million-multifamily-sale/feed/ 0 naihunneman 665-667 Mass Ave 2018-03-14 17:13 +00:00 2018-03-14 12:13 -05:00