Triple Net/NNN vs. Full-Service/Gross Leasing

Triple Net/NNN vs. Full-Service/Gross Leasing

Uncategorized
So you've found the perfect office space for your business. While locating the ideal space is important, understanding and negotiating the terms of your lease may ultimately have a larger impact on the profitability of your business. The two primary types of commercial real estate leases are triple net (NNN) and full-service (sometimes referred to as gross). (more…)
Read More
4 Ways to Search for Office Space

4 Ways to Search for Office Space

Uncategorized
There are many ways to search for a new office space to lease. Whether you are new to leasing commercial property or a veteran, explore your options thoroughly to get the best possible space for your business. (more…)
Read More
How Many Square Feet Do I Need for My Office?

How Many Square Feet Do I Need for My Office?

Uncategorized
When leasing or renting commercial real estate for an office, one of most exciting parts is planning the space. Every business has specific needs, and it is important to know what one's office space requirements are before signing a lease. If you rent too little office space, employees will be cramped and inefficient, and there will not be room to grow. Rent too much, and you will be tying up resources that could be better allocated. Ask yourself some simple questions to help decide how much office space is right for you. Try using this space planning worksheet to figure out how many square feet your office needs. (more…)
Read More

Middlesex Superior Court

Uncategorized
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…
Read More

Boston Business Journal Visionary Award

Uncategorized
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…
Read More

Cummings Foundation announces $10 million in local grants

Uncategorized
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…
Read More

Beacon Grille to become a Strega restaurant

Uncategorized
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…
Read More

Honoring Woburn’s rich history

Uncategorized
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…
Read More