0 Melcher Street Grows into Hub

Offices on Melcher Street in Boston named 'M Block'

Photo Credit: Stuart Cahill for the Boston Herald

The Seaport District continues to evolve with a new micro market on Melcher Street, designated as “M Block.”  This is a combination of residential, office and retail on what was once a cut through.  Now it will be a destination location accommodating todays changing lifestyle that is mirrored Meatpacking District in New York.

Office rents for Class B space have jumped to the low $40’s PSF with very few available options.

According to a report by Donna Goodison of the Boston Herald, “a new campaign branding it as the “M Block” is designed to draw attention to the restaurant, office and residential projects bringing new life to the street of former warehouse buildings probably best known for the old elevated pedestrian bridge that stretches above it.”

Follow the link for more information on the development of Boston’s M Block.

0 Synergy Buying Boston’s 2 Oliver St.; Deal Listed by C&W Tops $50M

Office building at 2 Oliver St boston ma

Photo Credit: New England Real Estate Journal

The trades in the Class B market continue; Synergy Investments add 2 Oliver Street to its portfolio.  2 Oliver is a great opportunity for Class B tenants that are in the 10K – 20K range to capitalize on competitive pricing combined with a great location.  With over 50K square feet available there are plenty of great options.

According to details published on The Real Reporter, “the 11-story, 223,000-sf office building is an exclusive listing of Cushman & Wakefield on behalf of a local partnership between AEW Capital and Saracen Investments. Sources spoken to peg pricing in excess of $50 million, exceeding industry projections made when put up for sale to open the fourth quarter.”

Jump over to therealreporter.com for more information.

0 Financial District Shows Improvement; Seaport Reigns Supreme

Exterior of office building near boston's waterfrontThe office market continues to tighten, but the best value opportunities still exit in the Financial District with Class B Rents in the low to mid $30’s.

Banker and Tradesman reports that “Boston’s Financial District registered a vacancy rate of 11.9 percent at the year’s end, an improvement of four percentage points over the year.”

Additional details are available on the Banker and Tradesman website.

 

0 Boston Building Growth Strong in 2012

office building in downtown bostonYes, our city as we know it is changing and by that, I mean growing. With 22 developments starting in 2012 we can expect to see 2,500 construction workers taking to the streets to build new offices and homes. So, take time to let them in our out of traffic so our city can continue to grow and prosper.

A report in Banker and Tradesman notes that “in 2012, projects broke ground in Allston/Brighton, Charlestown, Chinatown, the Innovation District, Jamaica Plain, the Longwood Medical Area, Mattapan, Roxbury and South Boston. These projects have housing, hotel, athletic, municipal, office and retail uses.”

Related Office Space
Available Commercial Real Estate in Boston

0 MFS Moves Corporate Headquarters to 111 Huntington Avenue

111 Huntington Ave. Office Building

Photo Credit: Wikipedia
111 Huntington Ave.

As the market tightens, companies like MFS have found a new home, moving from 500 Boylston Street to 111 Huntington Avenue. MFS’ new corporate headquarters boasts a LEED Gold certification as well.

The move is part of a larger migration for MFS. A report in Banker & Tradesman notes, “earlier this year, MFS relaunched its corporate brand identity, launched its first-ever global advertising campaign and opened new offices in São Paulo, Hong Kong and Sydney.” Click through to read Banker & Tradesman’s coverage.

0 Arnold Worldwide Considers Relocation To Filene’s Building in Downtown Crossing

Filenes in downtown crossing boston

Photo Credit: Banker & Tradesman

Will they or won’t they? If Arnold Worldwide takes the plunge, it would be great move for the community; bringing a large workforce to the once famed Burnham building that has been vacant for years. With market rents in the Financial District hovering about 15 – 20 percent below Back Bay, this could create an interesting domino effect.

According to an article on Banker & Tradesman, “a marquee anchor tenant like Arnold for the property known as the Burnham building could be the golden ticket project developer Millennium Partners needs to secure financing and start construction of a 625-foot, 600-unit residential skyscraper adjacent to the Burnham.”

0 Battery Ventures Moving to Boston’s Seaport District

Seaport Office BuildingThe word is the Seaport office market is very tight, but not too tight for Battery Ventures.  Companies continue to migrate into the city to capitalize on a vibrant workforce.  Younger employees seem to want to be located within the city so they can take advantage of the many new residential communities and expanding list of restaurants.

According to the Boston Business Journal, Batter Ventures “is negotiating a lease at One Marina Park Drive, a building owned by The Fallon Co. that also houses the MassChallenge startup accelerator. The firm expects to move into the building in late 2013.”

For more information, continue reading the BBJ’s coverage, here.

Related Commercial Real Estate
Seaport Office Space for Lease

0 Boston Innovation Center to Open this Spring

Rendering of Boston Innovation Center

Photo Credit: Hacin & Associates.

Boston’s new Innovation Center is scheduled to open in the Seaport district this Spring.  The one-story, 12,000-square foot structure will primarily consist of meeting rooms. It may include a café, and seating areas where visitors can work for a few hours on a laptop.

0 Zagat Selects Five Best Restaurants in Boston for Business Dinners

Clio restaurant interior

Photo Credit: The Boston Globe
Interior of Clio restaurant, which ranks fifth on Zagat’s list

Looking for a dining experience that you won’t soon forget? Our city is home to some wonderful eateries on all extremes; from food trucks to French infusion.

Zagat’s list of the top five restaurants in Boston for business dinners is sure to impress and leave its mark on your plastic.

Jump over to the Boston Business Journal to view the list of restaurants

0 Boston Address A Strong Lure for Prospective Employees

Boston Office Building for RentTenants continue to migrate downtown from neighboring submarkets as well as the suburbs. Downtown rents offer a great value combined with a strong talent pool and great area amenities. Employers are finding that a Boston address has become what today’s prospective employee values when seeking out  job opportunities.

Available Downtown Office Space
Boston Commercial Real Estate Listings