Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The assets totaling 26,923 square feet were sold for approximately $7.46 million, which afforded the company to pay down $4.5 million of property-level debt and $1.6 million of its Revere loan.
Brick & Timber Collective is one developer that has identified the influx of venture capitalists into the North Waterfront and is renovating the iconic 1800s warehouses native to the area for the VC crowd.
“Leasing activity in both the office and industrial markets remain robust, pointing to a strong close for 2018.” says Dennis Waggner of Colliers International.