Contact Us
News

THE DEAL SHEET

WASHINGTON DC 05.08.2017

MONTGOMERY COUNTY STATE OF THE MARKET

Featuring an Interview of Marriott CEO Arne Sorenson

Arne Sorenson -- Marriott International
Oliver Carr, III -- Carr Properties
Bryant Foulger -- Foulger-Pratt
THE DEAL SHEET
Skanska USA announced last week that its building unit (led in Boston by Paul Hewins, below left) won the $29M contract to provide construction management, preconstruction, and design-build services to rebuild Belmont?s Wellington Elementary School.
THE DEAL SHEET
After demolishing and recycling most of the existing structure, a new two-wing building linked by a central core will rise. Completion is scheduled for July 2011. Jonathan Levi Architects is the lead and Burt Hill the associated architect. The Town intends the school to be certified as a Massachusetts High-Performance Green School.
US Energy - in-text or ri
Sales Holliday Fenoglio Fowler announced on Tuesday that it closed the $13.7M sale of a 108,510-square-foot BJ?s Wholesale Club in Franklin and arranged the acquisition financing. HFF?s Coleman Benedict and Ben Sayles repped the seller, National Development, and procured the 1031 exchange buyer in the off-market transaction. HFF senior managing director Fred Wittmann subsequently secured a $7.5 million, fixed-rate acquisition loan through Flagship Bank. BJ?s is a long-term tenant at the 10-year-old 100 Corporate Drive in Franklin, adjacent to I-495.Leasing

Constant Contact leased 138,377 SF at Reservoir Place, Waltham, its real estate advisor McCall & Almy announced on Thursday. The online marketer expanded from its 85,583 SF existing space. Phased occupancy will allow for a complete renovation of the space it already occupies. The architect is Visnick & Caulfield Associates and construction manager, J. Calnan. McCall & Almy?s Neil Schneider repped the tenant and Boston Properties' Austin Barrett, Jason Fivek, and David Provost were there for the landlord.

***

Proteus Design sub-leased the fifth floor, 14k SF, at 25 Thomson Place in Fort Point Channel from Cengage Learning. John Hennessey and Chris McMahon of GVA Thompson Hennessey represented Cengage and JLL?s Philip DeSimone and Peter Berkarian represented Proteus.

***

Care Everywhere leased 7k SF of office/flex space at 9 Tech Circle,Natick, from Tech 9 RE. New Dover?s Scott Hughes repped the owner and Boston Realty Advisors? Adam Meixner repped the tenant, a healthcare software and services firm.

***

Marley Properties leased 4,500 SF at 204 Second Ave., Waltham to Vantage Builders. GVA Thompson Hennessey?s Doug Adamian and Rick Robinson represented Marley, the landlord and Grubb & Ellis?R. Patrick Carey negotiated for Vantage. A strong draw, said Doug was the owner?s willingness to build out the space.

***

Cooke Clancy & Gruenthal leased 4,276 SF at One Liberty Square, Boston represented by GVA Thompson Hennessey?s John Hennessey.Richards Barry Joyce?s Thomas Ashe represented the landlord, Invesco Real Estate.

New Assignments

Environments at Work, a Haworth office furniture dealer, said it has three new commissions to design, procure, and install furniture: Howland Capital Management, Veson Nautical (with project architect Studio Watt O?Keefe), and General Catalyst Partners.

People

McCall & Almy?s Mary Lentz has been named one of the Top Ten in Real Estate for 2010 by Women's Business Boston. She was nominated by The Davis Companies? Jonathan Davis and Margulies Perruzzi Architects? Marc Margulies for her dynamic leadership. She is an active member of several organizations including: NAIOP, NEWIRE, and CBA. She's been a Platinum member of the CBA Multi-Million Dollar Club every year since 2000. Mary earned her MA in Finance/Planning from MIT?s Sloan School and graduated summa cum laude from Boston College.

***

John McHugh has joined as a VP in the Asset Advisory Group to focus on landlord rep in the metro area. He was previously SVP at JLL Boston.

***

James Bones was named an Associate Principal at Cannon Design. He is New England operations leader responsible for managing firm resources to meet business, quality, and client service objectives. His recent work includes the 33 Harry Agganis Way Residence Hall at BU and the King Faisal Cancer, Research and VIP Complex in Saudi Arabia.

***

Acentech?s Richard Lyon (chief scientist) and Eric Ungar (chief engineering scientist) were designated Fellows by the Institute of Noise Control Engineering of the USA to acknowledge their lifetime achievements.

Honors

CBRE New England announced that 33 Arch St secured LEED Gold certification for Existing Buildings: Operations and Maintenance. The 600k SF, 33-story Class A tower, owned by a JV of AREA Property Partners and SITQ that is managed and leased by CBRE, was recognized for maximum operational efficiency and minimum environmental impact.

***

Nordblom Company and investment affiliate Nordic Properties were named Landlord of the Year by the Mass. chapter of the Commercial Brokers Association.

***

JLL?s client focus was recognized as a key reason it has been able to adapt to changing markets, in the Harvard Business Press book Reorganize for Resilience: Putting Customers at the Center of Your Organization by HBS Prof. Ranjay Gulati