THE DEAL SHEET
|Where there's spec development, there's a strong market. And so it is with the Cambridge life science market where Skanska USA broke ground yesterday on a lab sans tenant.|
|Photo by Erik Jacobs/Jacobs Photography|
|Yesterday Skanska USA Commercial Development broke ground on on a 120k SF spec lab building at 150 Second Ave, its firstcommercial investment in metro Boston. With shovels ready: JLL's John Osten, property owner Doug Cohen, Skanska's Shawn Hurley, Elkus Manfredi's David Manfredi, Cambridge Mayor David Maher, City Council member Tim Toomey and School Committeeman Fred Fantini.*** Historic Boston, which invests in and redevelops historically significant buildings in the city, has just completed a job for itself. This morning it officially opened its new HQ in the restored Eustis Street fire house in Dudley Square. Built in 1859, it's Boston'soldest remaining fire house. Among its earliest occupants was a steam pumper pulled by firefighters of the Roxbury Fire Departments? Torrent Six team. The building, a national historic landmark, had been vacant since the ?50s.|
Ever wonder how ship pilots learn to steer giant commercial vessels? Part of their education involves practicing on ship bridge simulators like the one recently built into a new Mass MaritimeAcademy facility. The development team for the new 42k SF American Bureau of Shipping Information Common included: RDK Engineers, Perry Dean Rogers Architects, W.T. Rich Construction, and DCAM. The building aims for LEED platinum.
UMass Lowell recently completed the $4M MassachusettsMedical Device Development Center in a renovated textile mill. The UMass Building Authority managed the development of the facility known as M2D2 that will serve as an incubator for entrepreneurs and medical device startups. The center features wet labs, state of the art equipment, and offices. It is one of a few such centers throughout the UMass system aimed at keepingentrepreneurs and new businesses in the state.
America?s Growth Capital, a national emerging growth focused IB, leased 14k SF at 99 High St on the 22nd floor for its US HQ. Jones Lang LaSalle is the construction manager, property manager, and exclusive leasing agent for TIAA-CREF, owner of the 730k SF office tower just completing a major renovation. JLL?s Bill Barrack andBen Heller repped the landlord and UGL?s Robert Cleary andDerek Losi repped the tenant.
|EC Boston Language Center signed a 12-year lease for 22k SF atOne Faneuil Hall Square taking all of the building's office space, which had been vacant for almost three years. NAI Hunneman?sJeffrey Becker and Bonny Doorakian repped the landlord, Faneuil Hall Square LLC. CRESA Partners' Rick Low andBrendan Leitner repped the tenant.|
|Epsilon, an IT marketing firm, leased an additional 65k SF at 601 and 701 Edgewater Dr in Wakefield. It will now occupy 184k SF in Edgewater Office Park and hire about 200 more people, bringing its roster up to 800 employees. FHO Partners' John Boyle repped the tenant, and Wyman Street Advisors? Chip Batchelder repped landlord Hobbs Brook Management.***PANalytical and Malvern Instruments negotiated early renewals on their 35k SF of leases at KS Partners' 117 Flanders Rd in Westborough. The landlord?s Chris Devaux repped for the owner on the leases of 21k SF for PANalytical and 14k SF for Malvern in the Metrowest Business Park.|
|The Davis Cos named Corey Griffin president. He comes from The Boston Company Asset Management, a subsidiary of theBank of New York Mellon, where he was CEO. He grew the company from $20B to $75B in assets under management and from 110 to about 300 employees. At Davis he will focus on expanding the company's asset management and development platforms.***UMass has hired Kathryn Craven to run its Building Authority, which plans $3.1B in expansions. Craven, 38, comes from seven years as head of the Massachusetts School Building Authority.|