Amenities Included in Our Commercial Space

Amenities Included in Our Commercial Space

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Not all commercial spaces are created equal. Spaces can be outfitted in any number of ways. Luckily, Cummings Properties offers a diverse range of design options and amenities to meet your needs, typically at half of the cost of leasing in Cambridge or Boston. Cummings offers all different types of offices suites. The three most common categories are laboratory space, office space, and flex space, each outfitted for any number of intentions. Laboratory Suites Laboratory suites are a common choice for tech firms, medical offices, and other businesses needing a lab facility. Leasing a laboratory suite often includes a custom buildout, but Cummings Properties has an incredibly helpful, fully integrated leasing system that makes the construction process clear and simple. Laboratory space offerings include incubator labs, wet rooms, clean rooms,…
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Understanding the Process of Leasing a Commercial Space

Understanding the Process of Leasing a Commercial Space

blog, commercial offices
Leasing commercial space is a different process than leasing residential real estate. There are different factors to take into account that not everyone would think of. Especially if it is your first time leasing commercial office space, the process likely seems very daunting. Here is a short guide to understanding the process of leasing a commercial space. As always, Cummings Properties’ offers a fully integrated leasing system with advice on and services related to construction, financing, design, and more. Whether it's your first or tenth time, Cummings Properties can make the process easy. Location is important to the health of a business. You need to consider your customer base, access to other parts of the city, and your desired size. Once you’ve decided on a location that fits your needs,…
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Leasing vs. Owning a Commercial Space

Leasing vs. Owning a Commercial Space

blog, commercial offices
Investing in a commercial space can be an overwhelming task, especially for someone looking into commercial real estate for the first time. Terminology is thrown around and not always explained. One of the most common questions regarding commercial real estate is, “What is the difference between leasing and owning?” The basic differences between the two is very simple; the complexity lies in the details of the two. Leasing an Office Space Leasing a space is essentially like renting a residential property. Each month, the tenant pays the landlord a certain predetermined amount of money for rent. In exchange, the landlord carries many of the responsibilities of property management such as maintenance and purchasing building insurance. Additionally, in the short-term, leasing is much more cost-effective than owning for many companies, especially…
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Middlesex Superior Court

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Approximately 150,000 square feet of office space at Trade Center Park will be leased to Middlesex Superior Court. This is expected to be a temporary location for the Court for three to five years, while the state completely renovates Edward J. Sullivan Courthouse in Cambridge. Any community in any state is typically delighted when presented with the opportunity to host a courthouse or other significant government entity. In addition to the prestige and community pride, a large operating courthouse like this will inject many hundreds of thousands of dollars each year into the local economy. This economic gain will come not only through the creation of new local jobs, but also through significant added revenue for area hotels, restaurants and other local services. One very unusual difference in this situation…
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Boston Business Journal Visionary Award

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Introduction of Bill CummingsGiven by George Donnelly, Executive Editor, Boston Business Journal Now we will conclude today’s awards with the presentation of the 2014 Visionary Award - honoring an outstanding leader within the real estate community. Bill Cummings created his empire the old-fashioned way: slowly, surely, debt free. Strategic and disciplined. Buy and hold. In Bill's case, buy, build and hold. Given Bill's remarkable 44-year run at Cummings Properties, having amassed near 10 million square feet of space in 10 communities that ring Boston, his track record alone in real estate development and property management would easily earn him this award. But how many people amass considerable wealth, as Bill did, and then devise a thoughtful plan to give it away — all of it — to charity? This was…
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Cummings Foundation announces $10 million in local grants

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WOBURN, June 26, 2013 — One hundred greater Boston nonprofits have been selected to receive grants of $100,000 each through Cummings Foundation's new $100K for 100 program. These charities were chosen from about 301 selected and approved applicants during a competitive review process by the Woburn-based foundation. More than 300 people, including staff and board members from nearly all 100 recipient organizations, gathered at the Foundation's first annual Grantee Reception on June 19 at TradeCenter 128 in Woburn. The elated attendees accepted their official award letters, posed for photos with Foundation representatives, networked with their peers, and celebrated the $10 million infusion of funding into greater Boston's nonprofit sector. All of the selected charities serve local communities, with 50 percent of the grants being awarded in Middlesex County, 30 percent in…
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Beacon Grille to become a Strega restaurant

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WOBURN, March 8, 2013 – Cummings Properties has announced the pending sale of Beacon Grille to veteran Boston restaurant company The Varano Group. It is expected that the Woburn eatery will become a Strega restaurant by late summer. The Varano Group, owned by well known restaurant entrepreneur Nick Varano (on left with Bill Cummings), operates several highly respected local establishments, including Strega, Strega Waterfront, and Nico Ristorante. The new location at the landmark TradeCenter 128 office park, directly fronting I-95, will be the firm's first suburban property. Cummings Properties opened Beacon Grille in January 2010 as a major amenity for the commercial real estate firm's recently built TradeCenter 128 complex. According to President and CEO Dennis Clarke, Cummings Properties had promised client firms a first-class dining establishment, but was unable to find a restaurant operator willing to take a chance…
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Honoring Woburn’s rich history

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New display at TradeCenter 128 remembers Middlesex Canal A new display in the recently upgraded lobby of 100 TradeCenter pays tribute to a piece of Woburn history. Built before the advent of the railroad, Middlesex Canal was once the principal route along which goods and materials were transported north from Boston. Reaching from Boston Harbor to Lowell, the Canal passed directly in front of what is now the site of TradeCenter 128. Completed in 1803, the Middlesex Canal was the first canal built for commercial use in the United States. Construction of this engineering marvel included aqueducts, locks, a "floating bridge" and extensive granite engineering works, all constructed well before the advent of steam power. The Canal ran 27 miles from Charlestown to Lowell, Massachusetts, and provided the first economical…
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