IPS Newsletter Volume 1, Issue 1

GreenBuilding

Why “Go Green”?
Today’s market—tenants, customers, and communities—increasingly demands green workplaces. Building inventory that doesn’t provide them will soon be obsolete. Indeed, working toward green is also necessary in light of the contemporary regulatory regime as well as the growing preference of investors for green properties.

What does “going green” mean for commercial real estate?
It means minimizing harmful effects both to the environment and to users. Already, over 500 buildings in Massachusetts—from schools to office blocks to manufacturing plants—have obtained Leadership in Energy and Environmental Design (LEED) certification, which is the standard for environmentally appropriate building construction/operation. And more are applying every day.

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Vacant Space? How it REALLY Effects the Bottom Line
Thinking of letting that lease terminate for the tenants on the second floor? Have space available but holding out for above market rent? These are both reasonable positions, if you have carefully analyzed the actual effect of the vacant space on your property’s financial performance.

Take a look below at a sampling of hidden or underestimated costs to see if you have considered all the implications of your decision: Empty space produces no income. The first cost you face with vacant space is loss of income. Cash flow is crucial to many property owners.

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The Case for “Green” Water
Construction/Renovation Water conservation has become a focus among green-building professionals, retailers and property developers over the past few years. As energy-efficiency measures have become more widely known and integrated into renovations and new construction, the building industry has shifted focus to include water conservation and reuse issues along with other energy and recourse efficient approaches.

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FEATURED PROPERTIES

BEAUTIFUL CORPORATE
OFFICE SPACE
Historic Dennison Triangle – Recently Rehabbed

Rate: $18 PSF NNN

Availability: Occupancy September 2012

Building size: approximately 80,000 SF

Floor plates: 4 floors. Each floor is approx 18,500s

Available space left: 8,000 SF

Lease term: Negotiable

Location: Steps away from the Framingham commuter rail station and close to Routes 135, 126, 9 and Mass Pike

Amenities: Ample parking in basement and covered garage, close to many restaurants, health clubs and service businesses.
Beautiful office park-like setting.

1292 WORCESTER ROAD
Prime Location

1292 worcester road

Rate: $19psf NNN

Available: June 2011

Building size: 1,000 to 7,500 SF

Location: Next to CVS and Stop & Shop. First major intersection east of Framingham Mass Pike exit.

Amenities: Ample parking

HAPPENINGS

The Ribbon Cutting Ceremony for the new Salvation Army Thrift Store at 215 Worcester Road in Framingham, Massachusetts took place on January 8, 2011.

Best Wishes to the Salvation Army for success in their new facility.

Shown in the photo (from left to right) are: Major Copeland, Salvation Army, Kurt Miller, Core Investments, Julian Suso, Framingham Town Manager, Tim Mackie, Core Investments, Katherine Wellington, Investment Property Specialists, Inc., Dave Conaghan, Centimark.

Metrowest Chamber of Commerce with Suzzane Bump

Members of MetroWest Chamber of Commerce meet with Suzanne Bump, Auditor of The Commonwealth on Tuesday May 10, 2011.

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To keep in touch or learn more about the property and information in this newsletter, contact us: Office: (508) 875-4800, Fax: (508) 820-9780 945 Concord Street, Framingham, MA 01701 Visit our website: www.ipsre.com	Katherine Wellington Principal Direct: (508) 861-2005 Cell: (508) 397-6623 kwellington@ipsre.com
The above information is from sources deemed reliable but cannot be guaranteed to be completely accurate. Prospective Lessees are advised to verify information. IPS, Inc. represents the Lessor. IPS does not share fees with Principals or Brokers after the first showing.
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