Avison Young Hosting NAIOP Commercial Real Estate Development Event at Innovation Square

BOSTON - July 19, 2013 - PRLog -- Boston, MA — Rick Kimball, Avison Young Principal and Managing Director of the company’s Boston office, announced today that Avison Young is partnering with NAIOP Commercial Real Estate Development Association to host an event at the Innovation Square at Northern Ave. development site, which is located in the hottest submarket in the country, Boston’s Seaport District.

NAIOP is hosting “Seaport By Foot,” a tour with commercial real estate industry professionals that highlights the Seaport’s most note-worthy development projects, beginning at 3:30 PM EST on Wednesday, July 24^th. The tour will end at Innovation Square at Northern Ave where Avison Young has coordinated an event in which local Seaport vendors will showcase their products.

“There is a lot of pride in the Seaport District and strong senses of community and excitement over what is being created in this submarket. In that spirit, food vendors in the Seaport District including Salvatore’s, Harpoon Brewery, Del Frisco’s Double Eagle Steakhouse, Au Bon Pain, Starbucks, J.Pace & Son, No Name Restaurant, and M.J. O’Connors are participating in this event to showcase the amenities in the area,” commented Kimball.

Over 200 attendees at the event will hear the details about the build-to-suit potential of the 179,808 square foot Innovation Square at Northern Ave. The parcel is able to accommodate up to 360,000 square feet of Lab/Office, R&D, Bio-Pharma and Manufacturing requirements.

Kavanagh Advisory Group, LLC has retained Avison Young to represent them on the build-to-suit development project located in the Seaport District. This opportunity for life science users is one-of-a-kind due to its ability to provide up to 103,000 square foot floor plates. Principals Karyn McFarland and Kevin Malloy will lead the brokerage team for Avison Young.

“We are extremely pleased to be part of the ever-changing landscape in the Seaport District and have the opportunity to bring Innovation Square at Northern Ave to the market at a time when well-located, premier life science space with large floor plates and high ceilings is getting more difficult to come by”, said McFarland.

The site is located directly on the Silver Line with excellent access to the Massachusetts Turnpike, the Ted Williams Tunnel, I-93, and water-taxi access to Logan International Airport. It is within quick walking distance to numerous amenities, including restaurants, hotels, the World Trade Center, the Bank of America Pavilion, and the Contemporary Art Museum.

"This site is one of the largest available in Boston's new Innovation District, and offers the owner a unique, build-to-suit opportunity, tailored to their needs.  With close access to the airport and the downtown Financial District, it is a competitive option for life sciences and research facilities." said John Kavanagh, Chairman & CEO, Kavanagh Advisory Group, LLC.

Kavanagh Advisory Group, designated by the Boston Redevelopment Authority, is a Development Management/Consulting firm which focuses primarily on large scale, complex projects from conception to the completion.  The team they have assembled for Innovation Square is comprised of professionals with the knowledge and expertise attained through years of designing, permitting, constructing and managing new research facilities.

Founded in 1978, Avison Young is Canada's largest independently-owned commercial real estate services company. Headquartered in Toronto, Ontario, Avison Young is also the largest Canadian-owned, principal-managed commercial real estate brokerage firm in North America. Comprising more than 1,200 real estate professionals in 48 offices across Canada and the U.S., the full-service commercial real estate company provides value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties.