Our Blog http://naihunnemanblog.com/?p=1618 https://naihunnemanblog.com/2017/12/06/nai-hunnemans-leasing-advisory-services-group-completes-53700-sf-lease-at-45-panas-road/ Company News Press Release NAI Hunneman’s Leasing & Advisory Services Group completes 53,700 SF lease at 45 Panas Road Minnerly, Osvold &#38; Hannigan represent landlord in full-building lease transaction at newly constructed warehouse/office building on Route 1 in Foxboro BOSTON, MA &#8211; NAI Hunneman recently completed a 53,700 SF lease with IDI Distributors at 45 Panas Road in Foxboro, MA. IDI is relocating from 1245 Providence Highway in Sharon to the newly constructed office/warehouse &#8230; <a href="https://naihunnemanblog.com/2017/12/06/nai-hunnemans-leasing-advisory-services-group-completes-53700-sf-lease-at-45-panas-road/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Leasing &#38; Advisory Services Group completes 53,700 SF lease at 45 Panas&#160;Road</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1618&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 06 Dec 2017 17:20:00 Z https://naihunnemanblog.com/2017/12/06/nai-hunnemans-leasing-advisory-services-group-completes-53700-sf-lease-at-45-panas-road/#respond NAI Hunneman <p style="text-align:center;"><img data-attachment-id="1619" data-permalink="https://naihunnemanblog.com/2017/12/06/nai-hunnemans-leasing-advisory-services-group-completes-53700-sf-lease-at-45-panas-road/45-panas/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=616&#038;h=462" data-orig-size="4032,3024" 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;1511962608&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;0.0016129032258065&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="45 Panas" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=616&#038;h=462?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=616&#038;h=462?w=676" class=" wp-image-1619 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=616&#038;h=462" alt="45 Panas" width="616" height="462" srcset="https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=616&amp;h=462 616w, https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=1232&amp;h=924 1232w, https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=150&amp;h=113 150w, https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=300&amp;h=225 300w, https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=768&amp;h=576 768w, https://naihunnemanblog.files.wordpress.com/2017/12/45-panas.jpg?w=1024&amp;h=768 1024w" sizes="(max-width: 616px) 100vw, 616px" /></p> <p style="text-align:center;"><em>Minnerly, Osvold &amp; Hannigan represent landlord in full-building lease transaction at newly constructed warehouse/office building on Route 1 in Foxboro</em></p> <p>BOSTON, MA &#8211; NAI Hunneman recently completed a 53,700 SF lease with IDI Distributors at 45 Panas Road in Foxboro, MA. IDI is relocating from 1245 Providence Highway in Sharon to the newly constructed office/warehouse building located within Panas Park just off Route 1.</p> <p>Executive Vice President Cathy Minnerly, Vice President Ovar Osvold, and Associate Sean Hannigan represented the landlord, Hercules Realty, in the transaction, while IDI was represented by Tim Carlson and Elizabeth Geary of Cresa Partners.</p> <p>“45 Panas Road provides IDI Distributors with a brand new, first-class facility that can address both immediate and long-term needs while maintaining their strategic location along Route 1,” said Minnerly.</p> <p>Situated on the northbound side of Route 1 in Foxboro, 45 Panas Road offers 32’ clear heights, an abundance of loading, ESFR sprinklers and outside storage.</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><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1618/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1618/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1618/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1618/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1618/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1618/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1618/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1618/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1618/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1618/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1618/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1618/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1618&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/12/06/nai-hunnemans-leasing-advisory-services-group-completes-53700-sf-lease-at-45-panas-road/feed/ 0 naihunneman 45 Panas 2017-12-06 17:20 +00:00 2017-12-06 11:20 -06:00 http://naihunnemanblog.com/?p=1615 https://naihunnemanblog.com/2017/12/04/nai-hunnemans-leasing-advisory-services-group-completes-111656-sf-lease-at-800-john-quincy-adams-road/ Company News Press Release NAI Hunneman’s Leasing & Advisory Services Group completes 111,656 SF lease at 800 John Quincy Adams Road South Team represents Landlord in lease transaction within Myles Standish Industrial Park BOSTON, MA &#8211; NAI Hunneman recently completed a 111,656 SF lease with EMS Warehousing at 800 John Quincy Adams Road within Myles Standish Industrial Park in Taunton, MA. EMS is consolidating its operations from 135 Will Drive in Canton and 155 Myles Standish &#8230; <a href="https://naihunnemanblog.com/2017/12/04/nai-hunnemans-leasing-advisory-services-group-completes-111656-sf-lease-at-800-john-quincy-adams-road/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Leasing &#38; Advisory Services Group completes 111,656 SF lease at 800 John Quincy Adams&#160;Road</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1615&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Mon, 04 Dec 2017 16:29:19 Z https://naihunnemanblog.com/2017/12/04/nai-hunnemans-leasing-advisory-services-group-completes-111656-sf-lease-at-800-john-quincy-adams-road/#respond NAI Hunneman <p style="text-align:center;"><img data-attachment-id="1616" data-permalink="https://naihunnemanblog.com/2017/12/04/nai-hunnemans-leasing-advisory-services-group-completes-111656-sf-lease-at-800-john-quincy-adams-road/800-john-quincy-adams-road-taunton/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=609&#038;h=406" data-orig-size="5400,3600" 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="800 John Quincy Adams Road &#8211; Taunton" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=609&#038;h=406?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=609&#038;h=406?w=676" class="alignnone wp-image-1616" src="https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=609&#038;h=406" alt="800 John Quincy Adams Road - Taunton" width="609" height="406" srcset="https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=609&amp;h=406 609w, https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=1218&amp;h=812 1218w, https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2017/12/800-john-quincy-adams-road-taunton.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 609px) 100vw, 609px" /></p> <p style="text-align:center;"><em>South Team represents Landlord in lease transaction within Myles Standish Industrial Park</em></p> <p>BOSTON, MA &#8211; NAI Hunneman recently completed a 111,656 SF lease with EMS Warehousing at 800 John Quincy Adams Road within Myles Standish Industrial Park in Taunton, MA. EMS is consolidating its operations from 135 Will Drive in Canton and 155 Myles Standish Boulevard in the Park.</p> <p>NAI Hunneman’s South Team of Cathy Minnerly, Ovar Osvold, Leeanne Rizzo, Ned Halloran and Sean Hannigan represented the landlord, Exeter Property Group in the transaction, while EMS was represented by Steve Clancy of CBRE.</p> <p>“800 John Quincy Adams checks all the boxes for EMS – generous clear heights, ample loading, and an ideal location in the state’s most sought-after industrial park,” said Minnerly.</p> <p>800 John Quincy Adams Road is a first-class warehouse property totaling over 350,000 SF. The building offers 47 loading docks, ESFR sprinklers, and 30-foot clear heights. 800 John Quincy Adams Road is set within the 7-million square foot Myles Standish Industrial Park which is home to 111 companies employing more than 8,000 people.</p> <p><strong><u>About Exeter Property Group </u></strong></p> <p>Exeter Property Group is a real estate investment manager focused on industrial properties across North America and Europe.  As hands-on operators, the company’s experienced team of real estate experts acquires, develops, and manages big box warehouse, last-mile logistics and select suburban and urban office and multi-family properties from more than 20 regional offices.  Exeter’s combination of local execution and global scope allows the company to construct diversified portfolios to deliver superior real estate solutions to its tenants and to deliver proven returns to investors. For more information, please visit <a href="http://www.exeterpg.com">www.exeterpg.com.</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 <u><a href="http://www.naihunneman.com">naihunneman.com</a>.</u></p> <p style="text-align:center;">###</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1615/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1615/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1615/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1615/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1615/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1615/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1615/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1615/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1615/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1615/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1615/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1615/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1615&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/12/04/nai-hunnemans-leasing-advisory-services-group-completes-111656-sf-lease-at-800-john-quincy-adams-road/feed/ 0 naihunneman 800 John Quincy Adams Road - Taunton 2017-12-04 16:29 +00:00 2017-12-04 10:29 -06:00 http://naihunnemanblog.com/?p=1606 https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/ Company News Research NAI Hunneman Research Director Liz Berthelette Recaps NAIOP/SIOR Market Forecast This morning NAIOP Massachusetts hosted its annual Market Forecast. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. While the organization’s mid-year roundup highlighted somewhat slower market conditions, this time around all of the panelists were resoundingly positive. Below &#8230; <a href="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Research Director Liz Berthelette Recaps NAIOP/SIOR Market&#160;Forecast</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1606&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 30 Nov 2017 15:48:34 Z https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/#respond Liz Berthelette <p>This morning <a href="http://www.naiopma.org/">NAIOP Massachusetts</a> hosted its annual Market Forecast. The expert panel presented to a packed-room of real estate professionals; covering topics related to the economy, local and national property markets as well as capital markets. While the organization’s mid-year roundup highlighted somewhat slower market conditions, this time around all of the panelists were resoundingly positive. Below are just some of the key takeaways from today’s event:</p> <p><img data-attachment-id="1613" data-permalink="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/state-house-ma/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/state-house-ma.jpg?w=635&#038;h=424" data-orig-size="" data-comments-opened="1" data-image-meta="[]" data-image-title="State House &#8211; MA" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/state-house-ma.jpg?w=635&#038;h=424?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/state-house-ma.jpg?w=635&#038;h=424?w=676" class=" wp-image-1613 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/state-house-ma.jpg?w=635&#038;h=424" alt="State House - MA" width="635" height="424" /></p> <p><strong>Economic Overview – </strong><a href="https://www.northeastern.edu/cssh/faculty/barry-bluestone">Barry Bluestone</a></p> <ol> <li>Massachusetts maintains a strong and buoyant economy; outperforming the national average for the majority of the last 8 years. With the addition of more than 355,000 jobs since 2009, the Bay State is nearing full employment. As a result, real wages are beginning to rise.</li> <li>While we are attracting and retaining more young professionals, the housing stock remains limited. Home and condo sales continue to rise but at a slower clip. Median sale prices continue to climb across the board, despite a decline in ownership rates, however, lack of affordability is pushing more people further out into the suburbs. For condo owners, however, the urban core remains the top destination.</li> <li>In the multifamily market, rent growth is starting to stabilize due to new construction. Young people moving in the city are still driving up rents, particularly among the 1-3-unit buildings.</li> <li>In terms of demographics, Boston’s population base is expected to reach 724,000 and the greater metro area is slated to increase to 4.5 million.</li> </ol> <p><img data-attachment-id="1608" data-permalink="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/abp_1599-ed-1-jpg/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=575&#038;h=383" data-orig-size="7200,4800" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;9&quot;,&quot;credit&quot;:&quot;Picasa&quot;,&quot;camera&quot;:&quot;NIKON D800&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1438506896&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.0008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="ABP_1599 ed-1.jpg" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=575&#038;h=383?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=575&#038;h=383?w=676" class=" wp-image-1608 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=575&#038;h=383" alt="ABP_1599 ed-1.jpg" width="575" height="383" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=575&amp;h=383 575w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=1150&amp;h=766 1150w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1599-ed-1.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 575px) 100vw, 575px" /></p> <p><strong>Cambridge Overview – </strong><a href="http://www.us.jll.com/united-states/en-us/people/370/molly-heath">Molly Heath</a></p> <ol> <li>Cambridge remains one of the strongest markets in the country. With companies continuing to move into the market (and pay a premium for space), vacancies are sub-3%. Current asking rents are 18% above any previous peak in the office market and 23% above any previous peak in the lab market. Achieved rents have hit the low-$90s/SF for office and the low-$80/SF NNN for lab!</li> <li>Demand for commercial space in Cambridge remains strong, with 600,000 square feet of lab leases/commitments so far in Q4 in East Cambridge. Over the last five years, 3.3 million square feet of demand has come from outside of the market and 190,000 square feet has come from the growing coworking industry.</li> <li>For new construction in the pipeline, which has grown to 7.5 million square feet, speed to market is critical. Projects like 399 Binney Street and 121 First Street are expected to fully leased (or close to it) by the time they deliver. Redevelopment projects at 100 Massachusetts Ave and 26 Landsdowne are also fully committed.</li> <li>Final thoughts include a prediction for more speculative development, continued demand from coworking operators and Cambridge demand spilling into neighboring markets like Watertown and Somerville.</li> </ol> <p><img data-attachment-id="1609" data-permalink="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/abp_1633-ed/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=616&#038;h=411" data-orig-size="7360,4912" 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;1438508025&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;24&quot;,&quot;iso&quot;:&quot;500&quot;,&quot;shutter_speed&quot;:&quot;0.00125&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="ABP_1633 ed" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=616&#038;h=411?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=616&#038;h=411?w=676" class=" wp-image-1609 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=616&#038;h=411" alt="ABP_1633 ed" width="616" height="411" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=616&amp;h=411 616w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=1232&amp;h=822 1232w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=768&amp;h=513 768w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_1633-ed.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 616px) 100vw, 616px" /></p> <p><strong>Suburban Overview – </strong><a href="http://www.colliers.com/john.carroll3?mkt=/US/Massachusetts/Boston">John Carroll III</a></p> <ol> <li>The suburbs are alive and well! The market continues to see steady rent growth, with the high-water mark in the low-$50’s/SF for new construction in Waltham. Most of the gains have occurred in the Class A market, with growth in Class B properties not as strong.</li> <li>In the Metrowest, demand for big blocks of office has been slow. While there is a 200,000-square-foot commitment out on Technology Drive in Westborough, this lease will be offset by Computer Associates’ relocation to Burlington and Staples may put some space on the market in Framingham.</li> <li>In the South office market, fundamentals remain positive and there is no sublease space available. Reebok’s former campus in Canton is reportedly under agreement with an undisclosed buyer.</li> <li>In the Central markets, demand remains strong. Tesaro is out for 300,000-500,000 square feet and Alkermes is reportedly nearly committed to a 220,000-square-foot build-to-suit in Waltham. Several older buildings are being repositioned into newer office and lab space; including 275 Second Avenue and 1560 Trapelo Road. As office supply continues to decline, landlords will push rents in 2018.</li> </ol> <p><img data-attachment-id="1612" data-permalink="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/abp_6042/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=647&#038;h=431" data-orig-size="1376,917" 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="ABP_6042" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=647&#038;h=431?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=647&#038;h=431?w=676" class=" wp-image-1612 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=647&#038;h=431" alt="ABP_6042" width="647" height="431" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=647&amp;h=431 647w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=1294&amp;h=862 1294w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2017/11/abp_6042.jpg?w=1024&amp;h=682 1024w" sizes="(max-width: 647px) 100vw, 647px" /></p> <p><strong>Downtown Overview – </strong><a href="http://www.avisonyoung.com/en_CA/professionals/-/ayp/view/ronald-k-perry/in/boston">Ron Perry</a></p> <ol> <li>2017 has been a year of evolution for the Downtown market. Amazon, PTC, Alexion, Rapid7, Wayfair, and WeWork have all been expanding here. Of the 4.5 million square feet in office requirements out in the market, 55% are in tech-related industries. Moreover, the tenant migration from outside of Boston has been a major driver of office demand in recent years.</li> <li>On the construction front, there is 11 million square feet in the pipeline, but only 10% is actually under construction. In terms of the where the next tower will likely be built in Downtown Boston, Ron predicted that North Station (Hub on the Causeway, specifically) makes sense.</li> <li>Looking ahead, vacancies will continue to decline through 2020 (reaching sub-7%) and the Downtown market will see 500,000-1,000,000 in net absorption during that time.</li> </ol> <p><img data-attachment-id="1611" data-permalink="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/img_5746/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=611&#038;h=407" data-orig-size="3888,2592" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS DIGITAL REBEL XS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1211231557&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="IMG_5746" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=611&#038;h=407?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=611&#038;h=407?w=676" class=" wp-image-1611 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=611&#038;h=407" alt="IMG_5746" width="611" height="407" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=611&amp;h=407 611w, https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=1222&amp;h=814 1222w, https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2017/11/img_5746.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 611px) 100vw, 611px" /></p> <p><strong>Industrial Overview – </strong><a href="http://www.ngkf.com/home/about-our-firm/global-offices/us-offices/boston/professional-profiles.aspx?d=36959">J.R. McDonald</a></p> <ol> <li>At a macro level, industrial is the big winner in term of annual returns; outstripping all other asset classes. This is due to cap rate compression as well as strong fundamentals. The nation’s 6 largest industrial/distribution markets drove much of this activity.</li> <li>E-commerce is the new industrial demand drive as consumer shopping patterns continue to shift. IN 2016, 52% of Americans used Amazon Prime. In New England, regional retailers used to drive industrial demand, but online shopping has changed this trend.</li> <li>Fundamental statistics point to development. With vacancies in the single-digit range here in Greater Boston, rent growth has been frothy in the industrial market. Boston seems ripe for development. However, infill sites (where industrial users want to be) are also in high-demand from developers that want to go vertical with office or multifamily construction.</li> <li>As a result, infill locations and urban land sites are hot. Rents are being driven well above historical norms.</li> <li>The future remains bright for the industrial market.</li> </ol> <p><img data-attachment-id="1610" data-permalink="https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/bostonskyline-istock_000020650411xxlarge/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=620&#038;h=402" data-orig-size="4995,3237" 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-iStock_000020650411XXLarge" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=620&#038;h=402?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=620&#038;h=402?w=676" class=" wp-image-1610 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=620&#038;h=402" alt="BostonSkyline-iStock_000020650411XXLarge" width="620" height="402" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=620&amp;h=402 620w, https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=1240&amp;h=804 1240w, https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=150&amp;h=97 150w, https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=300&amp;h=194 300w, https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=768&amp;h=498 768w, https://naihunnemanblog.files.wordpress.com/2017/11/bostonskyline-istock_000020650411xxlarge.jpg?w=1024&amp;h=664 1024w" sizes="(max-width: 620px) 100vw, 620px" /></p> <p><strong>Capital Markets Overview – </strong><a href="https://my.hfflp.com/Bios/Sayles_2437.pdf">Ben Sayles</a></p> <ol> <li>The capital markets discussion kicked-off with a look at several macro trends. Overall, investment sales remain abundant but measured, and dry powder is at an all-time high; at $141 Billion. The end of cycle concerns we were hearing about 1-2 years ago have largely abated. However, sellers are worried about how they will redeploy capital if they were to sell in this market. Pricing has been largely flat over the last year. Lastly, financing volume is up while sales volume is down.</li> <li>In terms of foreign capital, the US still looks attractive on a global basis and investment should continue to come flow into the country.</li> <li>Boston is faring well compared to many other US markets, ranking 6<sup>th</sup> in terms of year-to-date transaction volume. In terms of the most desirable product type in this market, industrial is at the top of everyone’s list. Creative office is also a bright spot, while lab space will be a huge focus in the upcoming year. Class B office product in Downtown Boston has had a huge run and still has some legs, while Class A assets remain popular but TI loads could be problematic. Finally, suburban office is the most missed investment opportunity out there, but this isn’t likely to change.</li> <li>Looking ahead, the industrial asset class will remain top dog, Class B office still has a lot of room to run and Boston will continue to be a top-tier market.</li> </ol> <p>The overall consensus was that Boston’s future remains bright!</p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" data-orig-size="88,109" 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="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" class=" size-full wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" alt="Liz_Berthelette" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. You can learn more about here on her <strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong> or follow her on Twitter at <strong><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</strong></em></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1606/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1606/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1606/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1606/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1606/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1606/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1606/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1606/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1606/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1606/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1606/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1606/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1606&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/11/30/nai-hunneman-research-director-liz-berthelette-recaps-naiop-sior-market-forecast/feed/ 0 lberthelette State House - MA ABP_1599 ed-1.jpg ABP_1633 ed ABP_6042 IMG_5746 BostonSkyline-iStock_000020650411XXLarge Liz_Berthelette 2017-11-30 15:48 +00:00 2017-11-30 09:48 -06:00 http://naihunnemanblog.com/?p=1603 https://naihunnemanblog.com/2017/11/16/nai-hunneman-leasing-advisory-service-group-brokers-three-lease-transactions-at-6-fortune-drive/ Company News Press Release NAI Hunneman Leasing & Advisory Service Group Brokers three lease transactions at 6 Fortune Drive North Team of Gilkie, Boudrot, Allen &#38; Sullivan represent landlord in 6,226 SF of transactions at Billerica office building NAI Hunneman recently completed three separate lease transactions totaling 6,226 SF at 6 Fortune Drive in Billerica. The transactions bring the first-class office building owned by Farley White Interests to 90% occupancy. A summary of the &#8230; <a href="https://naihunnemanblog.com/2017/11/16/nai-hunneman-leasing-advisory-service-group-brokers-three-lease-transactions-at-6-fortune-drive/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Leasing &#38; Advisory Service Group Brokers three lease transactions at 6 Fortune&#160;Drive</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1603&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Thu, 16 Nov 2017 15:34:27 Z https://naihunnemanblog.com/2017/11/16/nai-hunneman-leasing-advisory-service-group-brokers-three-lease-transactions-at-6-fortune-drive/#respond NAI Hunneman <p style="text-align:center;"><img data-attachment-id="1604" data-permalink="https://naihunnemanblog.com/2017/11/16/nai-hunneman-leasing-advisory-service-group-brokers-three-lease-transactions-at-6-fortune-drive/6-fortune-drive/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/6-fortune-drive.jpg?w=617&#038;h=395" data-orig-size="4186,2791" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS REBEL T3&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1489403319&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="6 Fortune Drive" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/6-fortune-drive.jpg?w=617&#038;h=395?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/6-fortune-drive.jpg?w=617&#038;h=395?w=676" class="alignnone wp-image-1604" src="https://naihunnemanblog.files.wordpress.com/2017/11/6-fortune-drive.jpg?w=617&#038;h=395" alt="6 Fortune Drive" width="617" height="395" /></p> <p style="text-align:center;"><em>North Team of Gilkie, Boudrot, Allen &amp; Sullivan represent landlord in 6,226 SF of transactions at Billerica office building</em></p> <p>NAI Hunneman recently completed three separate lease transactions totaling 6,226 SF at 6 Fortune Drive in Billerica. The transactions bring the first-class office building owned by Farley White Interests to 90% occupancy. A summary of the deals is listed below:</p> <ul> <li>Diversified Technology Consultants leased 1,026 SF on the third floor, moving its offices from Andover.</li> <li>Hillmann Consulting leased 2,398 SF also on the third floor, relocating from Bedford, MA.</li> <li>ProEx Physical Therapy leased 2,802 SF on the first floor, opening a new location due to significant growth.</li> </ul> <p>The NAI Hunneman team of David Gilkie, Jim Boudrot, Mike Allen, and Cormac Sullivan represented landlord Farley White in all three transactions, and also procured tenant Diversified Technology Consultants. Hillmann Consulting was represented by Kirk Weller from Transwestern, while ProEx was represented by Amanda Snell of The Stevens Group.</p> <p><em> </em>“In each instance, the tenants were drawn to the prime location in the Route 3 market, access to amenities and the first-class management provided by Farley White,” said Gilkie. “Contrary to some opinions, the Route 3 corridor continues to host a variety of new transactions.”</p> <p>Offering a strategic location in the heart of the Route 3 corridor, 6 Fortune Drive is a first-class, 26,500 SF office building set on 1.3 acres of land. The building is just 15 minutes from a wealth of area amenities including the Burlington Mall and Wayside Commons and is uniquely positioned to access well-educated labor pools in suburban Boston and southern New Hampshire.</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 and the NAI Global Network please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1603/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1603/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1603/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1603/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1603/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1603/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1603/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1603/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1603/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1603/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1603/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1603/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1603&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/11/16/nai-hunneman-leasing-advisory-service-group-brokers-three-lease-transactions-at-6-fortune-drive/feed/ 0 naihunneman 6 Fortune Drive 2017-11-16 15:34 +00:00 2017-11-16 09:34 -06:00 http://naihunnemanblog.com/?p=1592 https://naihunnemanblog.com/2017/11/15/nai-hunneman-wins-new-property-management-assignment-at-108-myrtle-street/ Company News Press Release NAI Hunneman Wins New Property Management Assignment at 108 Myrtle Street &#160; Property management division awarded Class-A office assignment totaling 160,912 SF in Quincy, MA BOSTON—NAI Hunneman, a leading provider of commercial real estate services, was recently awarded the property management of 108 Myrtle Street, a 160,912 SF, Class-A office building located within Heritage Landing office park in North Quincy, MA. NAI Hunneman was hired by &#8230; <a href="https://naihunnemanblog.com/2017/11/15/nai-hunneman-wins-new-property-management-assignment-at-108-myrtle-street/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Wins New Property Management Assignment at 108 Myrtle&#160;Street</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1592&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 15 Nov 2017 18:21:01 Z https://naihunnemanblog.com/2017/11/15/nai-hunneman-wins-new-property-management-assignment-at-108-myrtle-street/#respond NAI Hunneman <p>&nbsp;</p> <p><img data-attachment-id="1600" data-permalink="https://naihunnemanblog.com/2017/11/15/nai-hunneman-wins-new-property-management-assignment-at-108-myrtle-street/108-myrtle/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=596&#038;h=397" data-orig-size="3000,2000" 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="108-myrtle" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=596&#038;h=397?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=596&#038;h=397?w=676" class=" wp-image-1600 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=596&#038;h=397" alt="108-myrtle" width="596" height="397" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=596&amp;h=397 596w, https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=1192&amp;h=794 1192w, https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2017/11/108-myrtle.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 596px) 100vw, 596px" /></p> <p style="text-align:center;"><em>Property management division awarded Class-A office assignment totaling 160,912 SF in Quincy, MA</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, was recently awarded the property management of 108 Myrtle Street, a 160,912 SF, Class-A office building located within Heritage Landing office park in North Quincy, MA. NAI Hunneman was hired by the property’s new owner Grander Capital Partners.</p> <p>The new assignment brings NAI Hunneman’s property management portfolio to over 7 million square feet of property located on the East Coast.</p> <p>“We are looking forward to taking on another assignment for such a valued client like Grander Capital, and are committed to meeting the operational needs of the property and providing first-class service,” said NAI Hunneman COO &amp; Director of Property Management Steve Prozinski.</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><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1592/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1592/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1592/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1592/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1592/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1592/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1592/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1592/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1592/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1592/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1592/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1592/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1592&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/11/15/nai-hunneman-wins-new-property-management-assignment-at-108-myrtle-street/feed/ 0 naihunneman 108-myrtle 2017-11-15 18:21 +00:00 2017-11-15 12:21 -06:00 http://naihunnemanblog.com/?p=1582 https://naihunnemanblog.com/2017/11/07/nai-hunnemans-leasing-advisory-service-team-brokers-68373-sf-industrial-lease-at-50-hampden-road/ Company News Press Release NAI Hunneman’s Leasing & Advisory Service Team Brokers 68,373 SF industrial lease at 50 Hampden Road Minnerly &#38; Osvold represent Pental Surfaces in new lease for first eastern U.S. location within Cabot Business Park in Mansfield NAI Hunneman recently completed a 68,373 SF lease transaction with Pental Surfaces at 50 Hampden Road in Mansfield, MA. The transaction is the first Massachusetts/Northeast location for the West Coast-based wholesale stone slab and tile &#8230; <a href="https://naihunnemanblog.com/2017/11/07/nai-hunnemans-leasing-advisory-service-team-brokers-68373-sf-industrial-lease-at-50-hampden-road/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Leasing &#38; Advisory Service Team Brokers 68,373 SF industrial lease at 50 Hampden&#160;Road</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1582&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Tue, 07 Nov 2017 15:46:17 Z https://naihunnemanblog.com/2017/11/07/nai-hunnemans-leasing-advisory-service-team-brokers-68373-sf-industrial-lease-at-50-hampden-road/#respond NAI Hunneman <p style="text-align:center;"><em>Minnerly &amp; Osvold represent Pental Surfaces in new lease for first eastern U.S. location within Cabot Business Park in Mansfield</em></p> <p><img data-attachment-id="1587" data-permalink="https://naihunnemanblog.com/2017/11/07/nai-hunnemans-leasing-advisory-service-team-brokers-68373-sf-industrial-lease-at-50-hampden-road/50_hampden_road/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=608&#038;h=371" data-orig-size="1178,719" 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="50_hampden_road" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=608&#038;h=371?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=608&#038;h=371?w=676" class=" wp-image-1587 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=608&#038;h=371" alt="50_hampden_road" width="608" height="371" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=608&amp;h=371 608w, https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=150&amp;h=92 150w, https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=300&amp;h=183 300w, https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=768&amp;h=469 768w, https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg?w=1024&amp;h=625 1024w, https://naihunnemanblog.files.wordpress.com/2017/11/50_hampden_road.jpeg 1178w" sizes="(max-width: 608px) 100vw, 608px" /></p> <p>NAI Hunneman recently completed a 68,373 SF lease transaction with Pental Surfaces at 50 Hampden Road in Mansfield, MA. The transaction is the first Massachusetts/Northeast location for the West Coast-based wholesale stone slab and tile distributor.</p> <p>NAI Hunneman Executive Vice President Cathy Minnerly and Vice President Ovar Osvold represented Pental Surfaces, while the landlord was represented by Ed Jarosz of JLL.</p> <p><em> </em>“Pental wanted to identify the ideal spot for their first east coast location. One that would accommodate storage and showroom needs and also strategically position the company to access multiple markets within the northeast,” said Minnerly. “Our team conducted an extensive analysis of the market and identified 50 Hampden Rd. It not only provides the space, but outstanding accessibility as it sits at the intersection of Interstates 95 &amp; 495 connecting Pental with major destinations in all directions, including Boston, Providence, and Worcester.”</p> <p><strong><u>About Pental Surfaces:</u></strong></p> <p>Pental Surfaces is the West Coast’s premier source for stone slab and tile. Founded in 1999 with just a few selections of granite slabs, the company has grown to become one of the largest importers and distributors on the West Coast. Pental now carries hundreds of tile and slab options in stock, including their own line of quartz slabs: PentalQuartz. Pental’s buying team attends the largest international tile expositions in search of the latest materials, and owner Peter Pental travels extensively to personally hand select a wide range of exotic natural stones. Pental only sells direct to the trade, but their showrooms in Seattle, Fife, Portland, and Los Angeles are open to the public for selections. Materials are also available through a network of dealers and fabricators that covers the Western United States. Learn more at <a href="http://www.pentalonline.com">www.pentalonline.com</a></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 and the NAI Global network please visit <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1582/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1582/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1582/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1582/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1582/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1582/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1582/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1582/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1582/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1582/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1582/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1582/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1582&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/11/07/nai-hunnemans-leasing-advisory-service-team-brokers-68373-sf-industrial-lease-at-50-hampden-road/feed/ 0 naihunneman 50_hampden_road 2017-11-07 15:46 +00:00 2017-11-07 09:46 -06:00 http://naihunnemanblog.com/?p=1574 https://naihunnemanblog.com/2017/11/01/new-from-nai-hunnemans-research-department-q3-multifamily-report/ Company News Press Release New from NAI Hunneman’s Research Department: Q3 Multifamily Report This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. The unemployment rate turned a corner in September after remaining elevated above 4% for several months, and expansions in the education, tech, and life science &#8230; <a href="https://naihunnemanblog.com/2017/11/01/new-from-nai-hunnemans-research-department-q3-multifamily-report/" class="more-link">Continue reading <span class="screen-reader-text">New from NAI Hunneman’s Research Department: Q3 Multifamily&#160;Report</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1574&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 01 Nov 2017 13:33:47 Z https://naihunnemanblog.com/2017/11/01/new-from-nai-hunnemans-research-department-q3-multifamily-report/#respond Liz Berthelette <p><img data-attachment-id="1577" data-permalink="https://naihunnemanblog.com/2017/11/01/new-from-nai-hunnemans-research-department-q3-multifamily-report/multifamily-q3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=565&#038;h=323" data-orig-size="2917,1667" 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="Multifamily-Q3" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=565&#038;h=323?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=565&#038;h=323?w=676" class=" wp-image-1577 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=565&#038;h=323" alt="Multifamily-Q3" width="565" height="323" srcset="https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=565&amp;h=323 565w, https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=1130&amp;h=646 1130w, https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=150&amp;h=86 150w, https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=300&amp;h=171 300w, https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=768&amp;h=439 768w, https://naihunnemanblog.files.wordpress.com/2017/11/multifamily-q3.jpg?w=1024&amp;h=585 1024w" sizes="(max-width: 565px) 100vw, 565px" /></p> <p>This year, demand drivers impressed as both population and employment trends remained positive throughout New England’s largest metro areas. Greater Boston outperformed with the metro’s population base surpassing 4.8 million. The unemployment rate turned a corner in September after remaining elevated above 4% for several months, and expansions in the education, tech, and life science industries continue to drive the Boston metro area’s economy. Steady job growth and continued migration toward urban and infill locations bode well for household formation in this market. Vacancies in the Boston metro’s Class A+/A asset class declined to 4% in the third quarter while the Class A-/B+ and Class B/B- asset classes posted vacancy rates of 3.8% and 3.6%, respectively.</p> <p>Despite some upward pressure on vacancies due to new construction, rent trends remain positive here. As of the third quarter, Greater Boston asking rents increased by 1.9% compared to year-ago levels. At close to $2.40 per square foot, average effective asking rents in Greater Boston command an almost $0.90 per square foot premium over rents in Providence and the Springfield/Worcester metro areas. Despite starting at a lower basis, lease rates in these tertiary markets continued to climb throughout the year as well.</p> <p>Nationally, multifamily has become a favored asset class among investors. With that said, preliminary third-quarter data from Real Capital Analytics shows that apartment investment crept up by 4% year-over-year, but has declined by 9% year-to-date. While overall transaction volume remains depressed at a macro level, activity in Greater Boston’s multifamily market continued to surge during the third quarter, with roughly $1.5B in assets changing hands metrowide.</p> <p>You can access the full Multifamily Report <strong><em><a href="http://bit.ly/2iktqZ3">here</a> </em></strong></p> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=85&#038;h=95" data-orig-size="88,109" 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="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=85&#038;h=95?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=85&#038;h=95?w=88" class=" wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=85&#038;h=95" alt="Liz_Berthelette" width="85" height="95" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. You can learn more about here on her <strong><a href="http://www.naihunneman.com/agents/liz-berthelette" target="_blank" rel="noopener">bio</a></strong> or follow her on Twitter at <strong><a href="https://twitter.com/liz_berthelette" target="_blank" rel="noopener">@liz_berthelette</a>.</strong></em></p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1574/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1574/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1574/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1574/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1574/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1574/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1574/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1574/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1574/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1574/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1574/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1574/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1574&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/11/01/new-from-nai-hunnemans-research-department-q3-multifamily-report/feed/ 0 lberthelette Multifamily-Q3 Liz_Berthelette 2017-11-01 13:33 +00:00 2017-11-01 08:33 -05:00 http://naihunnemanblog.com/?p=1566 https://naihunnemanblog.com/2017/10/25/nai-hunnemans-capital-markets-group-brokers-8-050-million-multifamily-sale/ Company News Investment Multifamily Press Release NAI Hunneman’s Capital Markets Group Brokers $8.050 Million Multifamily Sale Christie &#38; McGee Represent the seller &#38; procured the buyer in the disposition of a 24-unit apartment complex in Belmont BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $8,050,000 sale of 61-63 Moraine Street, a 24-unit apartment community located in Belmont, MA Executive Vice President Carl Christie and Assistant Vice &#8230; <a href="https://naihunnemanblog.com/2017/10/25/nai-hunnemans-capital-markets-group-brokers-8-050-million-multifamily-sale/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman’s Capital Markets Group Brokers $8.050 Million Multifamily&#160;Sale</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1566&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Wed, 25 Oct 2017 17:45:33 Z https://naihunnemanblog.com/2017/10/25/nai-hunnemans-capital-markets-group-brokers-8-050-million-multifamily-sale/#respond NAI Hunneman <p><img data-attachment-id="1570" data-permalink="https://naihunnemanblog.com/2017/10/25/nai-hunnemans-capital-markets-group-brokers-8-050-million-multifamily-sale/moraine-street-photo/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/10/moraine-street-photo.jpg?w=623&#038;h=450" data-orig-size="1632,1224" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 6 Plus&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1494933539&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.15&quot;,&quot;iso&quot;:&quot;32&quot;,&quot;shutter_speed&quot;:&quot;0.00080906148867314&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Moraine Street Photo" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/10/moraine-street-photo.jpg?w=623&#038;h=450?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/10/moraine-street-photo.jpg?w=623&#038;h=450?w=676" class=" wp-image-1570 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/10/moraine-street-photo.jpg?w=623&#038;h=450" alt="Moraine Street Photo" width="623" height="450" /></p> <p style="text-align:center;"><em>Christie &amp; McGee Represent the seller &amp; procured the buyer in the disposition of a 24-unit apartment complex in Belmont</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently brokered the $8,050,000 sale of 61-63 Moraine Street, a 24-unit apartment community located in Belmont, MA</p> <p>Executive Vice President Carl Christie and Assistant Vice President Dan McGee represented the seller CMS Moraine, LLC and procured the buyer.</p> <p>“We are pleased that our marketing efforts produced such a tremendous response from the investor community,” said Christie.  “We completed 59 tours and received 21 offers on our bid date. There are very few apartment buildings in Belmont, and this rare opportunity was heavily pursued by the market.”</p> <p>Constructed in 1970, 61-63 Moraine Street is a brick, garden-style apartment complex consisting of 24 units with an even mix of one and two-bedrooms. The property also included off-street parking for 40 ± vehicles.  The buildings are well located in Waverley Square within walking distance to area amenities including a supermarket, banks, drug store, coffee shops, restaurants, parks, and public transportation providing easy access to downtown Boston.</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><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1566/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1566/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1566/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1566/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1566/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1566/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1566/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1566/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1566/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1566/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1566/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1566/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1566&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/10/25/nai-hunnemans-capital-markets-group-brokers-8-050-million-multifamily-sale/feed/ 0 naihunneman Moraine Street Photo 2017-10-25 17:45 +00:00 2017-10-25 12:45 -05:00 http://naihunnemanblog.com/?p=1548 https://naihunnemanblog.com/2017/10/16/staying-active-during-the-workday-is-not-a-concern-at-waverley-oaks-park/ Suburban Leasing Staying active during the workday is not a concern at Waverley Oaks Park Waverley Oaks Park in Waltham offers a wealth of onsite amenities, but one of the most appealing features for companies trying to attract talent is the broad range of fitness options that employees can take advantage of throughout the day. From the traditional gym environment, to hot yoga, to the latest craze of CrossFit, Waverley Oaks &#8230; <a href="https://naihunnemanblog.com/2017/10/16/staying-active-during-the-workday-is-not-a-concern-at-waverley-oaks-park/" class="more-link">Continue reading <span class="screen-reader-text">Staying active during the workday is not a concern at Waverley Oaks&#160;Park</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1548&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Mon, 16 Oct 2017 14:43:04 Z https://naihunnemanblog.com/2017/10/16/staying-active-during-the-workday-is-not-a-concern-at-waverley-oaks-park/#respond NAI Hunneman <p>Waverley Oaks Park in Waltham offers a wealth of onsite amenities, but one of the most appealing features for companies trying to attract talent is the broad range of fitness options that employees can take advantage of throughout the day. From the traditional gym environment, to hot yoga, to the latest craze of CrossFit, Waverley Oaks Park has options for every fitness level and inclination.</p> <p>&nbsp;</p> <p><img data-attachment-id="1564" data-permalink="https://naihunnemanblog.com/2017/10/16/staying-active-during-the-workday-is-not-a-concern-at-waverley-oaks-park/wop-fitness_blog/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=682&#038;h=441" data-orig-size="5100,3300" 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="WOP Fitness_blog" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=682&#038;h=441?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=682&#038;h=441?w=676" class=" wp-image-1564 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=682&#038;h=441" alt="WOP Fitness_blog" width="682" height="441" srcset="https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=682&amp;h=441 682w, https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=1364&amp;h=882 1364w, https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=150&amp;h=97 150w, https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=300&amp;h=194 300w, https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=768&amp;h=497 768w, https://naihunnemanblog.files.wordpress.com/2017/10/wop-fitness_blog.jpg?w=1024&amp;h=663 1024w" sizes="(max-width: 682px) 100vw, 682px" /></p> <p>Here are some of the choices Waverley Oaks Park tenants have to stay active within (or just adjacent to) the Park:</p> <ul> <li><a href="http://www.waverleyoaks.com/">Waverley Oaks Athletic Club</a>: The gym recently completed a $1,000,000 renovation. It offers a pool, racquetball courts, group fitness studios with classes, a spinning studio, a huge strength training room, and cardio room. The club also has an onsite nursery.</li> <li><a href="http://bikramyogawaverley.com/">Bikram Yoga Waverley</a>: Invigorating yoga classes suitable for beginners and advanced yogis alike.</li> <li><a href="http://crossfitwatchcity.com/">CrossFit Watch City</a>: Kick your fitness up to another level! Instructor-led, constantly varied, functional movements executed at high intensity.</li> <li><a href="http://www.truemartialartsacademy.com/">True Martial Arts Academy</a>: Develop your mind and body with martial arts education. Classes for kids, adults, and families.</li> <li><a href="https://www.bostonbasketball.com/">Boston Basketball</a>: Energize your company&#8217;s competitive spirit at this 15,000 SF basketball facility with two new courts. Offers camps, clinics, leagues, and membership.</li> <li><a href="https://pilot.mass.gov/locations/beaver-brook-reservation">Beaver Brook Reservation</a>: Waverley Oaks Park is directly adjacent to beautiful Beaver Brook Reservation. Walk, jog, or bike through 59 acres of open fields, wetlands, and woodlands.</li> </ul> <p>If you’re interested in learning more about the office, lab, and flex space availabilities at Waverley Oaks Park, contact NAI Hunneman’s leasing team of <a href="mailto:sjames@naihunneman.com?subject=Leasing%20Opportunities%20at%20Waverley%20Oaks%20Park">Steve James</a>, <a href="mailto:lrizzo@naihunneman.com?subject=Leasing%20Opportunities%20at%20Waverley%20Oaks%20Park">Leeanne Rizzo</a> or <a href="mailto:pgrady@naihunneman.com?subject=Leasing%20Opportunities%20at%20Waverley%20Oaks%20Park">Patrick Grady</a> for more information or visit the park website <a class="" href="https://www.waverleyoakspark.com/">www.waverleyoakspark.com</a>.</p><br /> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godelicious/naihunnemanblog.wordpress.com/1548/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/delicious/naihunnemanblog.wordpress.com/1548/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gofacebook/naihunnemanblog.wordpress.com/1548/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/facebook/naihunnemanblog.wordpress.com/1548/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gotwitter/naihunnemanblog.wordpress.com/1548/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/twitter/naihunnemanblog.wordpress.com/1548/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/gostumble/naihunnemanblog.wordpress.com/1548/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/stumble/naihunnemanblog.wordpress.com/1548/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/godigg/naihunnemanblog.wordpress.com/1548/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/digg/naihunnemanblog.wordpress.com/1548/" /></a> <a rel="nofollow" href="http://feeds.wordpress.com/1.0/goreddit/naihunnemanblog.wordpress.com/1548/"><img alt="" border="0" src="http://feeds.wordpress.com/1.0/reddit/naihunnemanblog.wordpress.com/1548/" /></a> <img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1548&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> https://naihunnemanblog.com/2017/10/16/staying-active-during-the-workday-is-not-a-concern-at-waverley-oaks-park/feed/ 0 naihunneman WOP Fitness_blog 2017-10-16 14:43 +00:00 2017-10-16 09:43 -05:00 http://naihunnemanblog.com/?p=1531 https://naihunnemanblog.com/2017/10/02/new-from-nai-hunnemans-research-department-q3-metro-boston-market-report/ Company News Research New From NAI Hunneman’s Research Department: Q3 Metro Boston Market Report &#160; While results were mixed in both the office and industrial markets, overall net absorption remained positive in the third quarter of 2017. Optimism continues to grow amidst corporate expansions, and Greater Boston is likely near the top of Amazon’s HQ2 shortlist. Vacancy in the industrial market remains near record lows and growing interest from &#8230; <a href="https://naihunnemanblog.com/2017/10/02/new-from-nai-hunnemans-research-department-q3-metro-boston-market-report/" class="more-link">Continue reading <span class="screen-reader-text">New From NAI Hunneman’s Research Department: Q3 Metro Boston Market&#160;Report</span></a><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=naihunnemanblog.com&#038;blog=49244689&#038;post=1531&#038;subd=naihunnemanblog&#038;ref=&#038;feed=1" width="1" height="1" /> Mon, 02 Oct 2017 20:12:35 Z https://naihunnemanblog.com/2017/10/02/new-from-nai-hunnemans-research-department-q3-metro-boston-market-report/#respond Liz Berthelette <p>&nbsp;</p> <div data-shortcode="caption" id="attachment_1534" style="max-width: 634px" class="wp-caption aligncenter"><img data-attachment-id="1534" data-permalink="https://naihunnemanblog.com/2017/10/02/new-from-nai-hunnemans-research-department-q3-metro-boston-market-report/fullreport-q3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=624&#038;h=357" data-orig-size="700,400" 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="FullReport-Q3" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=624&#038;h=357?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=624&#038;h=357?w=676" class=" wp-image-1534 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=624&#038;h=357" alt="FullReport-Q3" width="624" height="357" srcset="https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=624&amp;h=357 624w, https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=150&amp;h=86 150w, https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg?w=300&amp;h=171 300w, https://naihunnemanblog.files.wordpress.com/2017/10/fullreport-q3.jpg 700w" sizes="(max-width: 624px) 100vw, 624px" /><p class="wp-caption-text"><em><strong>Our third quarter office and industrial report is now available. You can access the full report <a href="https://user-169168.cld.bz/Q3-Market-Report-2017" target="_blank" rel="noopener">here</a>, and some highlights from the third quarter are listed below.</strong></em></p></div> <p style="text-align:left;">While results were mixed in both the office and industrial markets, overall net absorption remained positive in the third quarter of 2017. Optimism continues to grow amidst corporate expansions, and Greater Boston is likely near the top of Amazon’s HQ2 shortlist. Vacancy in the industrial market remains near record lows and growing interest from new entrants to the market point to the area’s greater national appeal. Below are some highlights from our Q3 2017 Market Report:</p> <ol> <li>With the groundbreaking of a handful of projects, office construction ticked up to almost 3.9 million SF in the third quarter. athenahealth recently broke ground on a 350,000-square-foot expansion at Arsenal Yards in Watertown and DivcoWest is moving forward with the first 450,000-square-foot office building at its NorthPoint development in Cambridge. The Abbey Group also recently filed plans for its redevelopment of the Flower Exchange site in the South End. The project will include more than 600,000 square feet of office space.</li> <li>Last-mile distribution has become the darling of the industrial market. The advent of 1-hour delivery and consumers’ need for convenience are driving demand for older, industrial product in infill locations throughout Boston. Moreover, industry experts suspect Amazon’s acquisition of Whole Foods is a logistics play, giving the e-commerce giant direct access to some of the nation’s wealthiest and densest zip codes. Look for more growth in Boston’s urban industrial markets from Amazon and its competitors as consumer spending patterns continue to evolve.</li> <li>At a macro level, transaction volume continues to slide from its 2015 peak — declining by 28% year-over-year as of July. While falling deal volume may seem concerning, pricing remains stable. Real Capital Analytics’ CPPI expanded by 1.1% from July to August, while CoStar Group’s CCRSI increased by 1.2% in the month of July. The growing bid-ask spread, modest economic growth and interest rate stability are key components driving these trends. Despite the recent slowdown, investment sales in US commercial real estate should remain positive with buyers focusing more on the multifamily and industrial asset classes.</li> </ol> <p><em><img data-attachment-id="1283" data-permalink="https://naihunnemanblog.com/2017/06/08/a-breakdown-of-naiops-mid-year-market-roundup/liz_berthelette-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" data-orig-size="88,109" 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="Liz_Berthelette" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" data-large-file="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676?w=88" class=" size-full wp-image-1283 alignleft" src="https://naihunnemanblog.files.wordpress.com/2017/06/liz_berthelette1.jpg?w=676" alt="Liz_Berthelette" /></em></p> <p>&nbsp;</p> <p><em>Liz Berthelette is NAI Hunneman’s Director of Research. 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