Boston Commercial Real Estate Succes Stories - Recent Transactions
McPherson Corporation has represented clients in over 800 transactions ranging from start up spaces of 1,000 square feet to office R&D centers of 500,000 square feet. Our expertise as problem solvers has been utilized by Fortune 500 firms, as well as venture funded startups.
Our services have saved our clients consistently 10-20% or more on annual occupancy costs based on landlord value. Our experience and expertise in negotiation of the lease document creates additional value in the terms of the lease that we pursue on behalf of our clients, saving time, money over the lease term, and expenditure of effort of our clients.
The Boston Spine Group, LLC One Newton Place, Newton, MA
The Boston Spine Group (www.bostonspinegroup.org) 7,532 SF New space 1 Newton Place, Newton Corner, MA
required built-out medical office space within extremely short timeframe because of upcoming lease expiration
identified site which had existing infrastructure as medical space in a very desirable location for tenant, vacant for over 2 years with a motivated landlord
negotiated for additional $70 PSF of tenant improvement allowance including free rent as compared to approx. $25 allowance in other transactions in the property, based on strength of tenant and uniqueness of the space. Negotiated rent levels allowed expansion of space by 70% as compared to old space at just slightly more annual cost
advised on contractors and architects that allowed space to be completed on time, on budget
Sterling Corporation 20 Industrial Drive, Chelmsford, MA
Sterling Corporation/Sterling North American
121,600 SF Purchase, Class A Office and Warehouse 20 Industrial Avenue, Chelmsford, MA
located an off market (not for sale) site which was part of a larger site that met buyer's requirements with extremely difficult parameters, including a very small market area, physical parameters, pricing, etc.
inquired with landlord/owner as to whether they would sell, then negotiated an agreement that allowed owner to rid themselves of non-performing asset while retaining a high performing asset, and buyer to purchase site 10% below appraised value with an existing tenant which would allow future expansion of the owner’s business while generating cash flow
supplied contacts for financing, helped arrange inspections and fulfill requirements of seller and lender