Our Blog 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 http://naihunnemanblog.com/?p=1695 https://naihunnemanblog.com/2018/03/12/nai-hunneman-represents-waverley-oaks-park-in-transaction-with-veo-robotics/ Company News Press Release Suburban Leasing commercial real estate industrial office suburban waltham NAI Hunneman Represents Waverley Oaks Park in Transaction with Veo Robotics Steve James, Leeanne Rizzo &#38; Patrick Grady represent Landlord Duffy Properties in 12,000 SF lease at Waltham Mixed-Use Park. BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently represented Waverley Oaks Park and its owner Duffy Properties in a 12,000 SF lease transaction with Veo Robotics. The industrial automation company is moving its &#8230; <a href="https://naihunnemanblog.com/2018/03/12/nai-hunneman-represents-waverley-oaks-park-in-transaction-with-veo-robotics/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman Represents Waverley Oaks Park in Transaction with Veo&#160;Robotics</span></a> Mon, 12 Mar 2018 15:17:00 Z https://naihunnemanblog.com/2018/03/12/nai-hunneman-represents-waverley-oaks-park-in-transaction-with-veo-robotics/#respond NAI Hunneman <p><img data-attachment-id="1696" data-permalink="https://naihunnemanblog.com/2018/03/12/nai-hunneman-represents-waverley-oaks-park-in-transaction-with-veo-robotics/waverley-oaks-park/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=614&#038;h=409" data-orig-size="5472,3648" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;10&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 70D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;946684841&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}" data-image-title="Waverley Oaks Park" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=614&#038;h=409?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=614&#038;h=409?w=676" class=" wp-image-1696 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=614&#038;h=409" alt="Waverley Oaks Park" width="614" height="409" srcset="https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=614&amp;h=409 614w, https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=1228&amp;h=818 1228w, https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2018/03/waverley-oaks-park.jpg?w=1024&amp;h=683 1024w" sizes="(max-width: 614px) 100vw, 614px" /></p> <p style="text-align:center;"><strong><em>Steve James, Leeanne Rizzo &amp; Patrick Grady represent Landlord Duffy Properties in 12,000 SF lease at Waltham Mixed-Use Park.</em></strong></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently represented Waverley Oaks Park and its owner Duffy Properties in a 12,000 SF lease transaction with Veo Robotics. The industrial automation company is moving its offices from Cambridge to 12,000 SF at 411 Waverley Oaks Road, Building 1.</p> <p>The NAI Hunneman team of Steve James, Leeanne Rizzo, and Patrick Grady represented landlord Duffy Properties, while Veo Robotics was represented by Keith Coulter of McPherson Corporation.</p> <p>“Waverley Oaks Park connected all the dots for Veo&#8217;s relocation from Cambridge,” said James. “It provides the company and its employees an amenity-rich location, connectivity to the urban core and room for expansion.”</p> <p>“We are excited to welcome Veo Robotics to Waverley Oaks Park, and with additional flex space available, we are ready to assist Veo with expansion opportunities when they need to grow,” said Duffy Properties Principal Robert Duffy Jr.</p> <p>Located just minutes from Rt 128, Waverley Oaks Park is a 1,200,000-square foot mixed-use park that includes a corporate headquarters environment, excellent expansion opportunities, established local ownership, efficient floor plans, amazing on-site amenities, and abundant parking. For more information, please visit <a href="http://www.waverleyoakspark.com">www.waverleyoakspark.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 <a href="http://www.naihunneman.com">www.naihunneman.com</a>.</p> <p style="text-align:center;">###</p> https://naihunnemanblog.com/2018/03/12/nai-hunneman-represents-waverley-oaks-park-in-transaction-with-veo-robotics/feed/ 0 naihunneman Waverley Oaks Park 2018-03-12 15:17 +00:00 2018-03-12 10:17 -05:00 http://naihunnemanblog.com/?p=1692 https://naihunnemanblog.com/2018/03/08/hunnemancares-nai-hunneman-broker-takes-on-boston-marathon-in-support-of-greater-lawrence-youth/ Company News Hunneman Cares Uncategorized HunnemanCares: NAI Hunneman Broker Takes on Boston Marathon in Support of Greater Lawrence Youth On Monday, April 16th NAI Hunneman broker Mike Allen will be participating in his second Boston Marathon. This time Mike is running in support of The Boys &#38; Girls Club of Greater Lawrence and the wonderful work they do to provide constructive recreational &#38; educational activities for more than 4,000 area boys &#38; girls. We &#8230; <a href="https://naihunnemanblog.com/2018/03/08/hunnemancares-nai-hunneman-broker-takes-on-boston-marathon-in-support-of-greater-lawrence-youth/" class="more-link">Continue reading <span class="screen-reader-text">HunnemanCares: NAI Hunneman Broker Takes on Boston Marathon in Support of Greater Lawrence&#160;Youth</span></a> Thu, 08 Mar 2018 19:56:06 Z https://naihunnemanblog.com/2018/03/08/hunnemancares-nai-hunneman-broker-takes-on-boston-marathon-in-support-of-greater-lawrence-youth/#respond NAI Hunneman <p><img data-attachment-id="1693" data-permalink="https://naihunnemanblog.com/2018/03/08/hunnemancares-nai-hunneman-broker-takes-on-boston-marathon-in-support-of-greater-lawrence-youth/allen-marathon/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=558&#038;h=372" data-orig-size="900,600" 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="Allen Marathon" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=558&#038;h=372?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=558&#038;h=372?w=676" class=" wp-image-1693 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=558&#038;h=372" alt="Allen Marathon" width="558" height="372" srcset="https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=558&amp;h=372 558w, https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=150&amp;h=100 150w, https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=300&amp;h=200 300w, https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg?w=768&amp;h=512 768w, https://naihunnemanblog.files.wordpress.com/2018/03/allen-marathon.jpg 900w" sizes="(max-width: 558px) 100vw, 558px" /></p> <p>On Monday, April 16<sup>th</sup> NAI Hunneman broker Mike Allen will be participating in his second Boston Marathon. This time Mike is running in support of <a href="http://www.lawrencebgc.com/index.php?/whoweare/who_we_are/">The Boys &amp; Girls Club of Greater Lawrence</a> and the wonderful work they do to provide constructive recreational &amp; educational activities for more than 4,000 area boys &amp; girls. We sat down with Mike to learn more about what motivated him to take on Boston and why he is supporting the club.</p> <p><strong><em>HC: The Boston Marathon is a daunting task to do once; what motivated you to take on the challenge again?</em></strong></p> <p>Daunting is a great word for it, but there is no other race like Boston.  I have run marathons in other cities, and nothing compares to the excitement and energy of the Boston Marathon.  I regret every year when I am not participating so this year I jumped at the opportunity.</p> <p><strong><em>HC: How do you balance the busy life of a commercial real estate broker and training to run 26.2 miles?</em></strong></p> <p>Great question.  It is not easy to balance work and training, and it requires a ton of sacrifice.  You have to manage your schedule wisely and make sure that you can get those miles in somehow. Some days I am booked for morning meetings and evening events, so I am forced to run at lunchtime.  It has to get done somehow.</p> <p><strong><em>HC: Tell us a bit more about your charity. What makes it so special?</em></strong></p> <p>The number of participants in the Boston Marathon has surged over the years, and this is largely due to charity involvement.  There are numerous causes for runners to support and all of them are great.  My decision to support the Boys &amp; Girls Club of Lawrence was at the recommendation of a colleague who is on the Board.  I visited the center in Lawrence and realized that there is a vast population of children and young adults that are not afforded the same resources and support that many of us take for granted.  The club is vital for the city and has helped shape the lives of thousands of children.  With a lack of public funding, the Boys &amp; Girls club relies largely on private donors and I am happy to be part of this effort.</p> <p><strong><em>HC:  What piece of advice would you give to someone looking to try and run a marathon?</em></strong></p> <p>Most people that ask me about running a marathon say the same thing: “I could never run a marathon.”  This is not true.  Last Saturday I ran up Heartbreak Hill alongside a girl with a prosthetic leg.  I was complaining about soreness in my legs before the run, and I was quick to change my attitude once I saw her.  It’s all about determination, and nearly anyone can do it.  And once you do it, it will change your life and perspective for the better.</p> <p>If you would like to contribute to Mike’s fundraising efforts or learn more about the tremendous work that is done by the Greater Lawrence Boys &amp; Girls Club, please visit the following <a href="http://bit.ly/2oNAGAG">link</a>:</p> https://naihunnemanblog.com/2018/03/08/hunnemancares-nai-hunneman-broker-takes-on-boston-marathon-in-support-of-greater-lawrence-youth/feed/ 0 naihunneman Allen Marathon 2018-03-08 19:56 +00:00 2018-03-08 13:56 -06:00 http://naihunnemanblog.com/?p=1686 https://naihunnemanblog.com/2018/02/28/nai-hunneman-brokers-2-6-million-sale-of-120-n-main-street-in-brockton/ Company News Press Release NAI Hunneman brokers $2.6 Million sale of 120 N. Main Street in Brockton The NAI Hunneman South Team represents the seller and procures the buyer for 65,000 SF industrial building; and also represents the seller in their relocation to Holbrook, MA. BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently completed the $2.6 Million sale of 120 North Main Street in Brockton, MA to Brockton &#38; &#8230; <a href="https://naihunnemanblog.com/2018/02/28/nai-hunneman-brokers-2-6-million-sale-of-120-n-main-street-in-brockton/" class="more-link">Continue reading <span class="screen-reader-text">NAI Hunneman brokers $2.6 Million sale of 120 N. Main Street in&#160;Brockton</span></a> Wed, 28 Feb 2018 16:13:55 Z https://naihunnemanblog.com/2018/02/28/nai-hunneman-brokers-2-6-million-sale-of-120-n-main-street-in-brockton/#respond NAI Hunneman <p style="text-align:center;"><em><img data-attachment-id="1690" data-permalink="https://naihunnemanblog.com/2018/02/28/nai-hunneman-brokers-2-6-million-sale-of-120-n-main-street-in-brockton/120-north-main-street/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=676" data-orig-size="1137,528" 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="120 North Main Street" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=676?w=676" class="alignnone size-full wp-image-1690" src="https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=676" alt="120-north-main-street.jpg" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg?w=1024 1024w, https://naihunnemanblog.files.wordpress.com/2018/02/120-north-main-street-e1519844389295.jpg 1137w" sizes="(max-width: 676px) 100vw, 676px" />The NAI Hunneman South</em><em> Team represents the seller and procures the buyer for 65,000 SF industrial building; and also represents the seller in their relocation to Holbrook, MA.</em></p> <p>BOSTON—NAI Hunneman, a leading provider of commercial real estate services, recently completed the $2.6 Million sale of 120 North Main Street in Brockton, MA to Brockton &amp; Main, LLC who plan to convert the property into a 75,000 SF fully climate-controlled self-storage facility.</p> <p>NAI Hunneman South Team member Ovar Osvold along with Cathy Minnerly and Sean Hannigan successfully represented the seller Micro Wire Products Inc. and procured the buyer. In a separate transaction, the NAI Hunneman team represented Micro Wire in identifying a new, 18,000 SF sublease at 5 Mear Road in Holbrook, MA.</p> <p>“120 North Main Street had its challenges with finding a generic manufacturing buyer. So through extensive market due diligence, we were able to identify the optimal redevelopment for the site, and that turned out to be a brand new fully climate-controlled self-storage facility. The location’s demographics, traffic counts, and overall market demand was the perfect match.  Micro Wire Products Inc. had recently shifted their manufacturing operations creating the need for a smaller footprint, so we were able to identify the perfect relocation space in Holbrook, MA. The efficiency of the new spaces layout is ideal,” said Osvold. “It was a true win-win all around.”</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/2018/02/28/nai-hunneman-brokers-2-6-million-sale-of-120-n-main-street-in-brockton/feed/ 0 naihunneman 120-north-main-street.jpg 2018-02-28 16:13 +00:00 2018-02-28 10:13 -06:00 http://naihunnemanblog.com/?p=1676 https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/ Company News Dowtown Boston Research Back Bay Boston Massachusetts office office space Seaport suburban Urban Office Markets Dominate In Boston As you can see in our Q4 2017 Submarket reports not all office markets are created equal; particularly during this most recent expansion cycle. While fundamentals in the Greater Boston office market are arguably the strongest they’ve been in some time, we’re certainly seeing some bifurcation. Looking at office vacancies, in the chart below, urban &#8230; <a href="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/" class="more-link">Continue reading <span class="screen-reader-text">Urban Office Markets Dominate In&#160;Boston</span></a> Tue, 20 Feb 2018 21:55:55 Z https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/#respond Liz Berthelette <p>As you can see in our Q4 2017 Submarket reports not all office markets are created equal; particularly during this most recent expansion cycle.</p> <p><a href="http://www.naihunneman.com/research/submarket-report" target="_blank" rel="noopener"><img data-attachment-id="1677" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-post-1/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466" data-orig-size="1157,902" 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="Submarket Post 1" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466?w=676" class=" wp-image-1677 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-1.jpg?w=607&#038;h=466" alt="Submarket Post 1" width="607" height="466" /></a></p> <p>While fundamentals in the Greater Boston office market are arguably the strongest they’ve been in some time, we’re certainly seeing some bifurcation. Looking at office vacancies, in the chart below, urban locales topped the list of submarkets with the lowest vacancy rates in the fourth quarter of 2017. Given the exodus of suburban office users (by tenants like Reebok, Bose, and PTC) to Downtown Boston, it’s not surprising that many of the same markets have had above average vacancy declines when compared to 2010-2012’s peak rates.</p> <p style="padding-left:30px;"><em><strong>Office Vacancies by Submarket</strong></em></p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png" target="_blank" rel="noopener"><img data-attachment-id="1678" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-2/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676" data-orig-size="1205,751" 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="Submarket 2" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676?w=676" class="alignnone size-full wp-image-1678" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676" alt="Submarket 2" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=676 676w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=150 150w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=300 300w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=768 768w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png?w=1024 1024w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-2.png 1205w" sizes="(max-width: 676px) 100vw, 676px" /></a></p> <p>&nbsp;</p> <p>Route 495 West represents one of the few exceptions, as leasing and expansions have been brisk in this market over the past few years. Despite sitting more than 500 basis points above the metrowide average, vacancies in this submarket have plummeted since peaking in 2012.</p> <p>Turning our attention to rental rates a similar trend emerges. The urban markets maintain some of the highest rents in the metro area <em>and </em>most have posted outsized rent gains from 2014–17. Again, there are some exceptions. In the Fenway submarket, for instance, the delivery of 1325 Boylston Street brought new product, and above-market rents, to a tertiary office market. Once the building leased up, asking rents fell back in line with the area’s historical averages.</p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png" target="_blank" rel="noopener"><img data-attachment-id="1679" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-3/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424" data-orig-size="2504,1621" 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="Submarket 3" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424?w=676" class=" wp-image-1679 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&#038;h=424" alt="Submarket 3" width="655" height="424" srcset="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=655&amp;h=424 655w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=1310&amp;h=848 1310w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=150&amp;h=97 150w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=300&amp;h=194 300w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=768&amp;h=497 768w, https://naihunnemanblog.files.wordpress.com/2018/02/submarket-3.png?w=1024&amp;h=663 1024w" sizes="(max-width: 655px) 100vw, 655px" /></a></p> <p>Urban landlords have clearly benefitted from shifting tenant demand. As companies follow young talent into the city, demand for office space and subsequently lease rates have risen. Many of these users have been willing to pay top dollar in order to attract the right employee base. Given these fundamentals, one would expect developers to have ramped up construction in Boston’s urban markets. Outside of the Seaport, however, most of this cycle’s office development has been focused in the metro’s suburbs. As seen in the following chart, the Seaport, Inner Suburbs, and Route 128 West accounted for the lion’s share of new deliveries on a square-foot basis.</p> <p><a href="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png" target="_blank" rel="noopener"><img data-attachment-id="1680" data-permalink="https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/submarket-post-4/" data-orig-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415" data-orig-size="1571,1060" 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="Submarket Post 4" data-image-description="" data-medium-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415?w=300" data-large-file="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415?w=676" class=" wp-image-1680 aligncenter" src="https://naihunnemanblog.files.wordpress.com/2018/02/submarket-post-4.png?w=622&#038;h=415" alt="Submarket Post 4" width="622" height="415" /></a></p> <p>While it seems like Greater Boston’s urban market have dominated this past cycle, close-in suburbs like Somerville, Brookline, Waltham, etc. have fared well too. As the war for talent continues to rage on, look for continued growth in more urban areas of the metro.</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. To learn more about Liz, check out 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> https://naihunnemanblog.com/2018/02/20/urban-locales-still-dominate-the-submarkets/feed/ 0 lberthelette Submarket Post 1 Submarket 2 Submarket 3 Submarket Post 4 Liz_Berthelette 2018-02-20 21:55 +00:00 2018-02-20 15:55 -06:00