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Google has signed a 15-year 362,000-square-foot lease at the ground-up redevelopment of Boston Properties' 325 Main St. office building in Kendall Square.
Several people called Amazon's turnaround on its Long Island City, Queens HQ2 “a sad day” but some recognize deals often require buy-in from people with different views.
The agreement also calls for GE to reimburse MassDevelopment $87 million, which include the purchase the two brick buildings and land as well as construction and other financing costs.
The 661,741-square-foot building, to be delivered in Newark before year-end, will provide modern bulk warehouse space with superior proximity, accessibility, flexibility and visibility.
Amanuel Mekonen, left, of Greystone & Co. sees investment money coming to Philadelphia from New York, while Christophe Terlizzi of KeyBank says the bank likes value-add multifamily projects.