Photo courtesy of Jones Lang LaSalle.
The Hingham Shipyard is making a push to lease out existing office space above Hingham Beer Works with the hiring of real estate firm Jones Lang LaSalle.
The move is part of an ongoing effort to develop and lease out space at the Shipyard, which has seen an uptick in activity in recent months.
“Samuels has been so successful with residential, so successful with retail, the office [space] - a lot of people don’t even know it’s there,” said Sean Lynch, Vice President of Jones Lang LaSalle. “Is it residential, retail? People don’t know.”
LaSalle will focus their leasing efforts on the second floor and part of the third floor in the building, a total of 45,000 square feet of space.
The space, constructed in 2009, has only been used by Hingham Sports Partnership as a fundraising location for the High School Fields project. According to Lynch, the hope is to bring an awareness of the space to local businesses, and eventually fill out the building.
“We’ve got our marketing team helping us market this in terms of coming up with creative brands or logos [to differentiate the space] for people who saw it a couple years ago,” Lynch said. “We’re out there shaking trees, making sure people are aware.”
Most likely, several tenants will fill the remaining third floor and all of the second. Three tenants, all with high-end built-outs, currently occupy part of the third floor, Lynch said.
According to Leslie Cohen, Vice President of Development for Shipyard owners Samuels & Associates, LaSalle will help the Shipyard better connect with local markets.
“The brokers who work on the South Shore live in the Hingham area, and we’ve learned a lot about the Hingham market,” Cohen said. “It’s a real personal market, from offices to residential; it’s a very connected and networked community. We felt having people entrenched in the community was a benefit for us.”
Filling the vacant office space will round out a slew of developments at the Shipyard, which include a new residential building across the street from the offices, and several new restaurants and stores coming soon.
Of the 26-unit development, finished in October 2012, only six units remain to be sold. Samuels is also working on developing two more residential buildings. The second building is currently in the design phase.
“The goal is probably early next year to get [construction] started on that phase,” Cohen said.
More imminently, two new restaurants will open near the movie theatre, including Stone Hearth Pizza and Union Fish.
Both restaurants have other locations in the area, but these will be the first Hingham location for each.
Construction on a new Trader Joe’s is also underway. According to Cohen, the foundation is in and site work has been complete, with steel on the way to start constructing the building next to the CVS.
The store is anticipated to open in Fall of this year.
“A lot of good stuff happening,” Cohen said.