$16.7M Office Building Ready in Braintree
$16.7M Office Building Ready in Braintree
Pro Con of Manchester, N.H., has completed a $16.7 million Class A office building within Braintree Hill Office Park. The 160,000-square-foot office facility is located on the Braintree/Quincy line on a 40-acre campus near Interstate 93.
The 4-story building has a structural steel shell with natural stone masonry veneer and glazed aluminum curtain wall exterior. The building's front and rear entrances feature glazed curtain walls which flood the building's central atrium with natural light and take advantage of the panoramic hill-top views. The atrium lobby features two radius-curved stainless-steel-and-glass staircases, and polished granite tiles on the floors.
Trident Acquires North Andover Property
Trident Management has purchased 90 Sutton St. in North Andover for $2.45 million.
The 23,856-square-foot, mixed-use building is comprised of four commercial suites and 30 residential studios. NAI Hunneman Commercial brokered the deal.
UBS Triples Its Size in Rockland Move
UBS Financial Services has leased 21,208 square feet of office space at 1099 Hingham St. in Rockland. With its move from Braintree to Rockland, UBS triples its size.
The building is a 3-story, Class A office building at the junctions of Routes 3, 53 and 228 at the Hingham line. The building is less than 20 miles from Boston and Logan International Airport. Cushman & Wakefield represented the tenant.
Brighton Gas Station to Become Homes
Charles River Realty has filed plans with the city of Boston to replace a Sunoco Gas Station at 332 Chestnut St. in Brighton with a 58-unit residential project. The 5-story building will include 50 market rate units and 8 affordable dwellings.
TradeCenter 128 to Welcome Law Firm
One of New Hampshire's largest law firms, McLane, Graf, Raulerson & Middleton, is scheduled to open at Woburn's TradeCenter 128 next month. The firm selected the campus for it's first-ever office in Massachusetts.
The property is on the Woburn/Burlington line facing Route 128.
Patrick Lays Out Life Sciences Initiative
Gov. Deval Patrick has signed legislation that could secure Massachusetts' position as a global leader in life sciences, unveiling for the first time the comprehensive, innovative Massachusetts Life Sciences Law.
The new law includes $500 million in capital funding to be spent over a 10-year period, $25 million each year for 10 years for the Life Sciences Investment Fund and $25 million annually for 10 years in tax incentives to be awarded to certified life-sciences projects.
Economic Council OKs Job-Creating Plans
The Economic Assistance Coordinating Council has approved certified tax incremental financed projects in Boylston, Lowell, Quincy and Westwood that are expected to create 76 new jobs, retain more than 250 existing jobs and bring $68.5 million in private investment to Massachusetts.
The projects were certified under the Economic Development Incentive Program, a state and local tax incentive program that can significantly reduce the cost of doing business for companies expanding or locating in the state.
Certified projects may receive state tax incentives, including a five-percent investment tax credit for qualifying assets. There also is a 10 percent abandoned-building tax deduction for costs associated with the renovation of buildings that have been more than 75-percent vacant for at least the previous two years. In addition, such businesses qualify for municipal tax incentives, including tax increment financing or special tax assessments.
"The EDIP program is yet another tool the Patrick administration has to enhance the conditions for business expansion and job growth in the Commonwealth," said Gregory Bialecki, undersecretary for business development, in a prepared statement.
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