Peter Bean and Christopher McMahon, senior managing directors of Newmark, represented AIDS Action Committee in its recent lease of office space at 359 Green Street and retail space at 563 Main Street, both in Cambridge’s Central Square. Central Properties, which owns 359 Green Street, was self-represented, while Corporate Realty Advisors represented 563 Main Street’s owner, Naggar Realty LLC.
AIDS Action Committee expanded into Cambridge by merging with Cambridge Cares About AIDS in July 2010. The two agencies are now one organization, operating under the AIDS Action Committee name. AIDS Action Committee cited the superior building, location, and strong ownership as deciding factors on the move to 359 Green Street, where AIDS Action Committee will occupy the entire 8,500-square-foot, single-story building.
Boomerangs, a non-profit clothing and home goods reseller owned by AIDS Action Committee, will be opening a new location at nearby 563 Main Street. Boomerangs will occupy 3,125 square feet at 563 Main Street, which is well-located to appeal to both the college student and the bargain shopper.
About AIDS Action Committee of Massachusetts, Inc.
Founded in 1983, AIDS Action Committee of Massachusetts, Inc. (AAC), is New England’s first and largest AIDS service organization. AAC provides services for men, women and children living with AIDS and HIV; educates the public and health professionals about how to prevent HIV transmission in accordance with harm reduction principles; and advocates for fair and effective AIDS policy at the city, state and federal levels. AAC also provides targeted outreach to those most vulnerable to HIV infection. In 2010, AAC merged with Cambridge Cares About AIDS to more efficiently deliver AIDS services in the Greater Boston area and expand its capacity for social justice work aimed at reducing the disparities among those infected and affected by HIV/AIDS. AAC runs the only statewide AIDS/STD Hotline (1-800-235-2331) and Hepatitis Hotline (1-888-443-4372). All Hotlines offer multilingual support. Free and confidential rapid HIV testing and counseling, and clean needle exchange are also available. Learn more at www.aac.org.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank operate from over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.