31 State Street, Boston, MA 02109 • 617.557.9110 • KBrown@BrownWagner.com
Boston - That’s veteran commercial real estate broker Kevin E. Brown, who has hung his shingle on Broad Street after seven years at Lincoln Property Co. and nearly a quarter-century at the erstwhile Peter Elliott Co. “I’m excited,” Brown says of launching Brown & Wagner LLC, an entity that will provide both leasing and investment sales expertise. “It’s something I always wanted to do, and I just felt this was a good time for it.”
While that might seem counter-intuitive given market foibles, Brown notes that the availability of information and technology is making entrepreneurship easier to market skills, and he has a stable of long-time clients to get the new venture underway. That includes multiple listings in downtown Boston, including his firm’s headquarters at 15 Broad St. and abutting 33 Broad St. There is also 22 Batterymarch St. and 112 Water St., plus 280 Summer St. in the Hub’s Fort Point Channel District.
Leasing in early 2009 has been “sporadic,” the veteran broker say, but stresses there has not been a complete meltdown in the core markets. “It comes in waves,” he says of demand, but adds that things could be worse. Thanks to “astute” landlords, the buildings he represents are stable, with occupancy averaging about 95 percent, Brown reports. “They understand that vacancy is not necessarily a good word,” he says, making it easier to ride out any downturns. Brown himself would seem well-equipped to handle any rough waters, having survived previous harsh environments including the early 1990s.
From The Real Reporter,
Vol. 1, No. 3, March 5, 2009