Boston MA – Congratulations to our clients on their new locations, expansions and lease extensions. These lease transactions totaling over 140,000 sf, secures space for our clients over the next seven to ten years.
In the suburbs Artisan Healthcare, MediaMate and TraceLink’s expansions occurred as we start to see the lease rates increasing and vacancies decreasing out in the Route 128 areas. In the Route 495 markets we had one Fortune 100 client who renewed five of their leases to capture the favorable market rate. Closer to the city, we assisted Harvard University, Forced Exposure, Kelly Services, adi Print, Silverman & Trykowski, and Xcentium ~ all securing new leases in the third quarter showing the vibrancy of the market and concern for rising lease rates. These were all new leases and relocations to different markets, plus flights to quality.
Amanda Snell & Debra Stevens, CCIM were pleased to provide tenant representation services to these clients and facilitate these transactions on their behalf. We know our clients chose wisely, and we will continue watching their success and vibrancy working in one of the hottest markets in the country: Boston! It should also be noted that five of our clients are currently working with us in several cities for expansion including London, New York City, Los Angeles, and S. California.
The Stevens Group is a commercial real estate advisory firm located in Boston, MA, specializing in exclusively representing corporate clients in the leasing, acquisition and disposition of commercial real estate. The Stevens Group is the Boston affiliate of ITRA Global, an organization of real estate professionals specializing in representing tenants, buyers and entrepreneurial startups in the leasing, acquisition and disposition of office, industrial and retail facilities. With coverage in major markets around the world, ITRA Global is one of the largest organizations dedicated to representing tenants and occupiers of commercial real estate