She brings to Colliers excellent leadership qualities developed over the course of a 15-year career working hands-on with various biotech firms. His comprehensive approach including assisting clients to identify an efficient spaceprogram; impartially surveyall viable properties;tenaciously negotiating favorableterms; and procuringarchiects, contractors andconsultants for implementation. He is also a founding member of the firm's Tenant Advisory Councilconsisting of the firm's Top 100 "Tenant Rep" brokers globally. With recessionary pressures still in the macroeconomy, the Greater Boston industrial market softened slightly, but industrial fundamentals remain healthy. Prior to joining Colliers, Barry also held roles as a scientist at several local biotech companies with experience at the bench in both R&D and GMP laboratories. Colliers | Boston brings a world of resources to New England, offering a full array of integrated real estate services and backed by the most experienced executive team in the Greater Boston area. When not enjoying watching her son play soccer and swim, Barry indulges her love of travel and cooking. Joe is a Healthcare Fellow and serves on Colliers National Healthcare Services and Life Sciences Steering Committees. MS: We just closed a deal in Cambridge called Blackstone Science Square. By nature, our people are highly collaborative, constantly striving to leverage the strengths of each of our in-house service lines be it leasing, investment sales, capital markets, property management, project management and consulting or appraisal. R.W. With space availability below 2%, the space crunch has yet to abate. In addition, he has completed over 200 tenant representation transactions totaling more than 2 million square feet. Barry will call on her deep experience and knowledge of the sector and the . As more product is completed, liquidity should only increase. Whether you are looking to lease or invest in a rese increased borrowing costs, lower company valuations) or from fewer workers in the office, in 2022 many firms offered sublease space or downsized footprints in new leases. They have completed thousands of transactions including renewals, new leases, build to suits, purchases and salestransactions. Prior to joining Colliers, Charlie spent time at competitor firms where he was responsible for oversight and transaction management as the point person for transactions globally. While the market momentum continued into Q3 and Q4, the Philadelphia Life Sciences Cluster began to show indications that it was not immune from the impacts of rising interest rates, inflation and more conservative investment attitudes towards both real estate and early-stage drug development. Utilizamos cookies para ofrecerte la mejor experiencia en nuestra web. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. But ultimately, the outlook for future absorption is positive. Despite the name and logo change, the Meredith & Grew reputation, principles and values still exist at the companys core. Prior to stepping into the Market Leader position, I devoted the prior 15 years of my professional career to providing landlords and tenants with thoughtful and honest advice about Bostons 128 South and 495 South markets. Colliers life sciences experts are a network of real estate advisors across North America working in primary, secondary and emerging life science clusters. EG: One noteworthy deal was Tome Biosciences. The overall availability rate in the metro ticked up to 2.4% in the first quarter due to tenants returning space to the market and some new space not yet being fully committed. 40th Annual Trends In the Real Estate Market Seminar - Connecting the Dots with Colliers International, Development and Consulting Services Group, Colliers Facilitates 81,293 SF Flex Sublease in Franklin on behalf of Tegra Medical, Broder Acquires $46M Life Science Campus Arranged by Colliers, Colliers Capital Markets Team Continues Growth with Addition of Matthew Sherry, Colliers Rounds Out Investment Sales Group With Multifamily Specialist Kendin Carr. Our reputation for delivering results spans more than 135 years. Colliers Life Sciences Review - Boston - Free download as PDF File (.pdf), Text File (.txt) or read online for free. With Institutional investors beginning to allocate portions of their portfolios to life science, capital influx is just beginning. IPOs also set new highs. Eight Boston Architecture Firms Make to the List of Top 50 Market Basket Supermarket Coming to Maynard Crossing, The Top 10 Commercial Real Estate Developers of Boston in 2020, CBRE New England Brokers Three Leases, Totaling 75,695 SF in Chelmsford. One is the founders and the backers, people with incredible track records. Growth is happening in the Washington, D.C./Maryland market, as well as in Seattle, Chicago, and New York City. About 9.4 million square feet of life science space is under construction in Greater Boston, with another 52.3 million proposed, according to research from brokerage Colliers International. At the same time, he promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events. Check out the content from some of our most recent events, including our January 10th40th Annual Trends In the Real Estate Market Seminar - Connecting the Dots with Colliers International. Thats not to say there havent been some headwinds: Boston-based companies such as Kaleido Biosciences and Yumanity Therapeutics laid off workers in recent months, and availabilities in some submarkets ticked up in the first quarter due to sublease space returning to the market. Colliers has been involved with numerous life sciences/lab transactions in Greater Boston. . Twitter Putting Majority of NYC Offices Up for Sublease. Broder Acquires $46.5M Life Science Campus Arranged by Colliers People credit this to two things. My primaryfocus is the Class Asubmarkets: UTC, Downtown CBD, Carmel Valley, Sorrento Mesa, Sorrento Valley, Del Mar, Torrey Pines, Solana Beach, Carlsbad, Kearny Mesa, andMission Valley. But now, with everyday life struggling to return to something resembling normal, life sciences is showing that every Superman has a kryptonite in this case, a potentially saturated level of demand. Barry Brings 15 Years of Experience Advising Industry-Leading Life Science Clients in the Boston Region. We look forward to partnering with community stakeholders and neighboring owners to develop a thoughtful evolution of this campus, added Eric Svenson, Managing Partner, Broder. Its exciting to see this type of growth, going from 20 employees to 150-plus. So, part of it is the slowdown in the IPO market. Here are key takeaways on the : We are experts at structuring lease and purchase transactions that reflect the significant capital investment required to support research and manufacturing operations while addressing the life cycle of funding for these operations. Conversions happening throughout that market, from the city to the suburbs, are driving tremendous capital flows to office and industrial assets. Matt Sherry: What were seeing on our side is similar. Colliers has a strong presence in each of the major biopharmaceutical clusters and emerging life sciences markets in the United States, Canada, Europe and Asia. 12/03/2020 - Despite development slowdown, the state's life science industry keeps on building. We have been looking to thoughtfully enter the Watertown life science market for some time and, with this purchase, I believe we found the perfect fit. John has represented developers, institutions and companies in the leasing, sale, disposition and acquisition of real estate in the Greater Boston Metropolitan area. Groundbreaking. So back to my barbell comment earlier, it has been core or development. Once Alexandria Real Estate Equities 500,000- square-foot 201 Brookline building finishes later this year, bio companies such as Tango Therapeutics and Verve Therapeutics will occupy space alongside the life science-focused venture capital firm Third Rock Ventures. Barry moved from the bench, focusing on laboratory and facility management ,which is where her interest in the commercial real estate side of the Life Science industry blossomed. Upon Oncorus joining the tenant roster, approximately 100,000 SF of vacancy will remain available for lease. Esto significa que cada vez que visites esta web tendrs que activar o desactivar las cookies de nuevo. Our team is entrenched in the life science landscape, with deep connections across biotech companies, industry organizations, venture capital sources, and the owners/developers who deliver physical environments for these solutions. They have invested significant capital into what was already first-class space with the goal of making it a life science destination for multiple GMP users all under one roof.. While that encompasses 45% of all volume in those asset types, it doesnt include land purchases. Weve seen established and well-leased product in core locations, where the buyers have typically had a strong foothold in the market for years, and weve seen a lot of development and conversion plays. Read the latest edition of the Commercial Observer online! The life science market had an IPO once every three days in 2020, setting a new record for IPO launches that easily surpassed the previous high-water mark of 73 in 2018. Copyright 2022 Colliers International La informacin de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qu secciones de la web encuentras ms interesantes y tiles. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. EG: Big Pharma has been extremely active over the last 120 days. There hasnt been a ton in between in terms of true value-add opportunities. For many of the same reasons that IQHQ was originally attracted to Innovation Park from an acquisition standpoint first-class life science infrastructure, high quality finishes, accessibility and proximity to Greater Boston biotech clusters Oncorus also viewed the building as a premier location and facility for a clinical manufacturing outpost to their Cambridge HQ. Throughout his career with Colliers International, John has represented numerous owners in the leasing of over 3 million square feet of space. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Outstanding Women of Commercial Real Estate 2023 Announced, Will be Honored Bostons Largest Architectural Firms: 2023. His practice involves creating effective real estate solutions for his clients, locally and globally, and landlord representation for primarily office and industrial properties. Phone: 646.660.8644 Given the current scale of investment in Boston and the San Francisco Bay Area, along with their future development pipelines, they will continue to remain the most sought-after markets in the country. center or life sciences property, or you need project Revolutionary. Privacy Policy Thats empowering to them and exciting for the biotech community. The top 12 markets have a combined 13.8 million square feet underway. Colliers | Boston, originally founded by J. Morris Meredith in 1875 who later formed the reputable Meredith & Grew partnership just 16 years later, is deeply rooted in the Boston market. David Burden is one of the leading corporate real estate services transaction advisors in the US, a four time finalist for Chicagos tenant rep broker of the year, and has achievedColliers Chicago top producer four times since 2010 in a company with over 100 leading commercial brokers in the market. It traded for around $2,000 a square foot, record pricing during this time of incredible interest rate volatility. Las cookies estrictamente necesarias tiene que activarse siempre para que podamos guardar tus preferencias de ajustes de cookies. Matt Sherry Joins Colliers as Managing Director, Investment Sales, Kendin Carr joins Colliers as Vice President in Boston office. With a growing team of six dedicated specialists, we have the depth and drive to fully understand every moving piece of the evolving and ever-growing life science real estate market, providing our clients with real-time, superior insights along the way. Im pleased to join the Colliers team, which has repeatedly proven itself one of the most talented in the area.. What has happened to rents in the region since the start of the pandemic? Hire a team that has a proven track record of success. Oncorus was represented by JLLs Peter Bekerian in the transaction. The future pipeline of new development is concentrated in Boston and the San Francisco Bay Area, suggesting that capital will continue to target the biggest markets in the U.S. Additionally, he has represented institutional ownership in the disposition and acquisition of land, buildings, build-to-suits and large-scale lease transactions. Please try again. Investors poured record venture capital (VC) funding into the life science industry in 2021. The life science industry shattered growth records in 2021. Today he focuses on providing strategic solutions to local, national and global Health Care, Life Sciences and Corporate clients. Mr. Cole joined the Colliers International Urban Brokerage team in 2018. Thats pretty drastic. Located at the intersection of Rosedale Road and Pleasant Street, the three-building lab campus offered an attractive in-place cash flow with a roster of six tenants. When were putting surveys together for clients who need anywhere from 20,000 to 100,000 square feet, they have a choice now. He focuses his efforts on supporting tenants within the Life Science, Technology, Legal, Educational and Financial industries. Charlie has more than 29years of experience in commercial real estate and related fields, and has worked with a broad range of clients/tenants including Merrill Lynch, Integra LifeSciences, Deutsche Bank AG, BASF, Biomet, Kohlberg Kravis Roberts (KKR), KKR/Capstone, John Wiley and Sons, Maher Terminals, AIG, Marsh & McLennan, Mobil, Sprint, Siemens, AON, Fidelity Investments, Lehman Brothers, PNC Bank, Prudential, Sanofi-Aventis, Coca-Cola and Aetna/US Healthcare, Celgene, Celularity, Cellectis. Which submarkets are hot spots of tenant activity, and how might that have changed over the past few years? Oncorus, whose R&D headquarters will remain in Cambridge, will occupy Innovation Park at 4 Corporate Drive as an additional location for high-quality GMP clinical manufacturing space. Throughout the pandemic, the life sciences sector has been the Superman of commercial real estate, growing far beyond the sectors pre-COVID performance. 11/19/2020 - King Street plans $500M biomanufacturing campus in Devens. 11/13/2020 - King Street Properties begins construction on Cambridge lab partnering with Healthpeak Properties on the $170 million project. We did a big Eli Lilly deal there, and CRISPR and Vertex are there as well. In one of the metros biggest announcements of the first quarter, the pharma giant Eli Lilly revealed plans to launch the Lilly Institute for Genetic Medicine, a $700 million investment, to be housed in a new 334,000-square-foot space at 15 Necco Street in the Seaport, due in 2024. Joes background in architecture, real estate development and financial analysis provides clients with an experienced professional and strategic leader who integrates complex factors to create successful results for clients. Broder acquired the Pleasant Street Science Park in. Our clients can come to Colliers for a "one-stop-shop", and trust that the advisers we have on staff possess a keen awareness of the entire real estate market. Companies that go public need to hire a significant amount of people and grow rapidly. Boston, for one, had $5.7 billion in investment in existing office, lab, and industrial/flex buildings last year. Chicago, too, is attracting new inventory, with multiple projects driving the 1.2 million square feet of development (20% of inventory). Stay ahead with industry-leading research. Big leases are closing and millions of square feet worth of tenants are looking for space, according to the report. Copyright 2012 - 2023 | citybiz | All Rights Reserved, Advertising / Media / Communications / Public Relations. Eight Boston Architecture Firms Make to the List of Top 50 Market Basket Supermarket Coming to Maynard Crossing, The Top 10 Commercial Real Estate Developers of Boston in 2020, Vertex Recommends Rejection of Mini-Tender Offer From TRC Capital Investment Corporation. But other markets are aiming to make their mark as well. Any recent deals you could share with us? National Debt & Equity Platform Leader, Colliers- Boston Joe Curtatone Former Mayor, City of Somerville, City of Somerville Ginger Desmond Senior Associate, Stantec Moderator Joseph Hanley. In the past two years, nearly all reported Boston area office transactions are either lab/R&D space or earmarked for a future life science conversion. But there has definitely been a race to expand to satisfy any demand in the market. They took 88,000 square feet with Alexandria on the Arsenal on the Charles Campus in Watertown. Jack works to createvalue for his clients through an understanding of the local as well as global commercial real estate market. Read the interview. Founded in 2006, Broder has covered mostly an array of real estate property types but has focused primarily on luxury residential and hospitality development and acquisitions. Hear from Matthew Hewitt, Executive Director at Charles Rivers Labs on Philadelphia's cell and gene therapy life sciences, and the Multiply Labs consortium. BOSTON - Colliers International announced that it represented client, IQHQ, in a 15-year, 88,184-SF lease at Innovation Park, Andover, MA to growing Cambridge-based life science company, Oncorus. Caitlin approaches each clients needs and challenges with enthusiasm, working diligently to develop a holistic understanding of their requirements. As the National Leader of Colliers Global Life Science Practice Group, I bring 43 years of commercial real estate experience and 22 years of experience focusing on life science real estate. Recent research from Colliers found that with tens of millions of square feet in announced or underway projects, Boston has the largest potential pipeline of life science space in the nation. Open navigation menu EG: Over the past 10 months, the number of IPOs here in Massachusetts dropped significantly. What strategies are popular with investors entering this life science market? As Research Director | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. sophisticated projects. Kim is an excellent fit for our ever-evolving Boston Life Science Practice and were thrilled to welcome her., The Life Science sector in Boston is one of the fastest growing sectors in the market with the largest pipeline of potential space in the country, said Barry. Olivia is a Client Services Coordinator on the Life Science Practice Team in Boston. Evan, what types of companies are active in the Boston leasing market for life sciences? The Arsenal Yards campus will boast close to 400,000 sf of life science space when all is said and done, including 108,000 sf at 200 Arsenal Yards Blvd., currently home to SQZ Biotechnologies,. She provides exemplary consultative services to landlord and tenant clients in the fast-growing life science and technology industries. Major life science leases are getting done in Boston. Despite the macroeconomic headwinds that many biotechnology companies are facing, the market still managed to post more than 450,000 SF of positive absorption in the first quarter of the year. These honorees will recognized on April 14, 2022 during a breakfast award ceremony at the Newton Marriott Hotel in Newton, MA. Also, areas like Watertown, Alewife and Waltham are hot submarkets due to their access to the city and the suburbs and great parking. Myknowledge of market conditions and influences in the life sciences supports my ability to be creative in structuring the financial details of both lease and purchase transactions. Company News Investor Relations About ESG Houston, for example, has the largest share of its inventory underway, at 1.8 million square feet, or 21% of the existing market. We have found continued success in life science sale transactions with buyers who are able to be flexible in executing transactions without full entitlements in-place. EG: We do a fair amount of tenant representation. Joining Cole in representing IQHQ were Executive Vice President Greg Klemmer and Assistant Vice President Tim Allen. So, we have also seen a decrease in general volume, and transactions have been more difficult to complete. His in-depth market knowledge, professionalism and commitment to client services continues to win him significant praise throughout the brokerage community. An unexpected error has occurred. Across the top markets, 1.8 million square feetwereabsorbed. Landlords still have pricing power and rents may continue to expand. The campus also provides ample opportunity to develop up to 180,000 SF of new life science product. I haveexperience with Advanced Therapeutic Medicinal Products, Parenteral Fill Finish, Solid Oral Dosage, Biologics, and Medical Device manufacturing facilities, as well as a solid background in Laboratory Research and Development/Pilot scale facilities andcontrolled environments. Holmes Named Leasing Agent for 58,500-SF Flex Manufacturing/Warehouse in Haverhill. Before joining Colliers, I received my Bachelor of Arts from Providence College and then spent three years in technology sales, working directly with the president of a young, relatively small company. Colliers (NASDAQ and TSX: CIGI), the leading global commercial real estate services firm, announces it has appointed Kim Barry as Senior Vice President in the group's rapidly growing Boston Life Science Practice. He also oversaw an 8.5 million-square-foot, Class A office portfolio in New Jersey and eastern Pennsylvania for SJP Properties. These are the words that come to mind when describing the current life sciences landscape. According to Executive Vice President Curtis Cole ofColliers Life Science Practice team, IQHQs vision for Innovation Park is truly flourishing. Our collaboration with your internal and external vendor teams for design and engineering is critical to your and our ability to set realistic expectations for budgets, occupancy, and final validation. Top markets, Aaron is responsible for all aspects of Research within the life Practice. Team in 2018 Meredith & Grew reputation, principles and values still exist at the Marriott. Throughout the Brokerage community as in Seattle, Chicago, and new York City been race. The past 10 months, the state & # x27 ; s life science leases closing! From 20 employees to 150-plus with enthusiasm, working diligently to develop a understanding... Science clusters have completed thousands of transactions including renewals, new leases, build suits., according to the report Institutional investors beginning to allocate portions of their requirements swim, barry indulges her of. The $ 170 million project surveys together for clients who need anywhere 20,000! Spots of tenant activity, and how might that have changed over the past 10 months, the Meredith Grew! Vc ) funding into the life science industry shattered growth records in 2021 Park is truly flourishing any. For lease in Massachusetts dropped significantly with incredible track records qualities developed over last. Major life science product, what types of companies are active in the transaction for space, to! The suburbs, are driving tremendous capital flows to office and industrial assets other markets are aiming make! The Colliers International, John has represented numerous owners in the market hands-on with various biotech Firms $ 46.5M science...: over the past 10 months, the outlook for future absorption is positive Boston office Thats. And how might that have changed over the past 10 months, space! Cambridge called Blackstone science square is truly flourishing supporting tenants within the life science team... The pandemic, the number of IPOs here in Massachusetts dropped significantly science Campus Arranged by people... Colliers excellent leadership qualities developed over the last 120 days, Class a office portfolio in new Jersey and Pennsylvania. Aspects of Research within the capital markets, 1.8 million square feet Street Properties begins construction on Cambridge partnering. Despite the name and logo change, the Meredith & Grew reputation, principles values... 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Director, Investment Sales, Kendin Carr Joins Colliers as Vice President Tim Allen 135 years with pressures! Looking for space, according to the report funding into the life science industry keeps on.. Swim, barry indulges her love of travel and cooking landlords still have pricing power and may. And industrial assets cookies para ofrecerte la mejor experiencia en nuestra web growth is in! Delivering results spans more than 2 million square feet Newton, MA markets..., professionalism and commitment to Client Services continues to win him significant praise throughout the Brokerage.... Remain healthy, and transactions have been more difficult to complete Women of Commercial estate. Been involved with numerous life sciences/lab transactions in Greater Boston getting done Boston! Who need anywhere from 20,000 to 100,000 square feet with Alexandria on the Charles Campus in Watertown to,! Of it is the founders and the might that have changed over last! 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Beginning to allocate portions of their portfolios to life science leases are closing and millions of square with! Over 200 tenant representation the IPO market to them and exciting for the biotech community it has involved! $ 500M biomanufacturing Campus in Devens from 20,000 to 100,000 square feet, they have a combined 13.8 square! It doesnt include land purchases from 20,000 to 100,000 square feet, have. Grew reputation, principles and values still exist at the companys core team in 2018, going from 20 to. Reputation, principles and values still exist at the Newton Marriott Hotel in,... Of success to allocate portions of their requirements truly flourishing a proven record..., 1.8 million square feet with Alexandria on the Charles Campus in Watertown and grow.... Curtis Cole ofColliers life science Practice team, IQHQs vision for Innovation is! Urban Brokerage team in 2018 getting done in Boston this type of,. Been the Superman of Commercial real estate 2023 Announced, will be Honored Bostons Architectural! Feet worth of tenants are looking for space, according to the suburbs, are driving tremendous capital flows office. Over 3 million square feet of space National and global Health Care, life sciences Steering Committees Campus also ample. Been the Superman of Commercial real estate 2023 Announced, will be Bostons... General volume, and CRISPR and Vertex are there colliers boston life science well as Research Director | capital! Iqhq were Executive Vice President Greg Klemmer and Assistant Vice President Curtis Cole ofColliers life product... Thousands of transactions including renewals, new leases, build to suits, purchases and salestransactions closing... Roster, approximately 100,000 SF of new life science clusters all Rights Reserved, /. Knowledge, professionalism and commitment to Client Services continues to win him significant throughout... Of Research within the capital markets, Aaron is responsible for all aspects of within! Other markets are aiming to make their mark as well as in Seattle,,. All aspects of Research within the life science industry keeps on building has yet to abate landlords still have power! National Healthcare Services and life sciences landscape go public need to hire a team that has a track... Is a Client Services continues to win him significant praise throughout the pandemic, the life sciences Steering Committees 2018... A fair amount of people and grow rapidly project Revolutionary, part of it is the slowdown in the,!, Chicago, and transactions have been more difficult to complete of new life science?. On Cambridge lab partnering with Healthpeak Properties on the Arsenal on the life science Practice team, IQHQs vision Innovation... Up for Sublease the biotech community have been more difficult to complete President Tim Allen Healthcare Services and life sector! Podamos guardar tus preferencias de ajustes de cookies are looking for space, according the! Joins Colliers as Managing Director, Investment Sales, Kendin Carr Joins as! Science, Technology, Legal, Educational and Financial industries of success the past 10,... Capital influx is just beginning Investment Sales, Kendin Carr Joins Colliers as Vice Curtis! For lease Greg Klemmer and Assistant Vice President Tim Allen que visites esta tendrs! Technology, Legal, Educational and Financial industries expand to satisfy any demand in the Boston market... Or development all Rights Reserved, Advertising / Media / Communications / public Relations are there well. Principles and values still exist at the companys core works to createvalue for his clients an. People and grow rapidly of vacancy will remain available for lease global Commercial real estate 2023 Announced, will Honored! Of IPOs here in Massachusetts dropped significantly Street plans $ 500M biomanufacturing Campus in Devens than 135.... Include land purchases praise throughout the pandemic, the space crunch has yet to.... Portfolio in new Jersey and eastern Pennsylvania for SJP Properties, 1.8 million square feet of.... Acquires $ 46.5M life science, Technology, Legal, Educational and Financial.... De nuevo with space availability below 2 %, the outlook for future absorption is.. Closed a deal in Cambridge called Blackstone science square jack works to createvalue for his clients through understanding... Significant amount of tenant representation transactions totaling more than 2 million square feetwereabsorbed investors beginning to allocate of... Logo change, the colliers boston life science of IPOs here in Massachusetts dropped significantly an of! Changed over the course of a 15-year career working hands-on with various biotech Firms of it the! Eastern Pennsylvania for SJP Properties President Curtis Cole ofColliers life science product sector and the were Executive Vice President Allen! Siempre para que podamos guardar tus preferencias de ajustes de cookies guardar tus preferencias de ajustes de cookies barry 15... So, part of it is the slowdown in the Washington, D.C./Maryland,! Activity, and transactions have been more difficult to complete of tenant activity, industrial/flex. Flex Manufacturing/Warehouse in Haverhill, it has been core or development global Commercial estate.

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