HCPro will move to Danvers

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August 24, 2010

By Ethan Forman Staff writer The Salem News Tue Aug 24, 2010, 11:55 PM EDT

HCPro, a leading provider of information on health care compliance, regulations and management industries, plans to relocate from 200 Hoods Lane in Marblehead to the office complex of 75 Sylvan St. in Danvers, said a statement from real estate advisory firm CresaPartners in Boston, which represented HCPro in lease negotiations.

HCPro plans to take up 41,000 square feet at a former Sylvania light bulb plant that has undergone extensive renovations in recent years. It plans to occupy a little less than half of Building A, a single-story, 90,000-square-foot space within the three-building, 273,000-square-foot complex. HCPro will anchor this building, which will become its new corporate home.

In the statement, CresaPartners' Joe Sciolla said the company decided to relocate to a high-quality building that was more favorably located for its staff and customers, close to highways and had better parking. 75 Sylvan St. also boasts a cafeteria and fitness center.

The redeveloped 75 Sylvan St. has had several owners since it was last used to make light bulbs in the late 1990s for Osram Sylvania. The Goggin Co. of Portland, Maine, redeveloped it with many energy-efficient touches that attracted the likes of Danversbank, Hospice of the North Shore and Liberty Mutual, to name a few.

Goggin, was unable to meet certain leasing milestones, however, and the bank, NewStar Financial, took back the property last summer. Bookwood Financial Partners, based on Cherry Hill Drive in Beverly, paid $10.4 million earlier this year. At the time of the sale, asking rents were about $17 to $18 a square foot. The statement from CresaPartners did not give lease terms.

Sciolla, Joe Doyle and Matt Harvey of CresaPartners represented HCPro. CresaPartners is also handling project management, including oversight of construction and the move, under the direction of Barry Dube. Matt Daniels and Andrew Whipple of Colliers Meredith & Grew represented Brookwood.

NSCC scores major grant to help non-traditional students

North Shore Community College has won a nearly $2.5 million U.S. Department of Education TRIO/Student Support Services grant to help low-income, first-generation and disabled students get a college education on its campuses in Danvers and Lynn.

The grant gives North Shore Community College $493,000 a year for non-traditional students who meet certain criteria. The program will help students choose their academic and career paths and get access to financial aid, the college said.

The TRIO program has been in operation at the college for 30 years and serves 350 students a year with access to professional staff on academic advising, personal support, individual tutoring, career planning, assistance with transferring to another college, financial aid information and other things. New this year will be a leadership training, service and engagement component.

In a statement, North Shore Community College President Wayne Burton thanked U.S. Sen. John Kerry, D-Mass., and Congressman John Tierney, D-Salem, for supporting his college's application during what was "a very competitive selection progress."

Realtors' market index falls for a second straight month

There might be some uncertainty creeping into the minds of Bay State Realtors as the group's housing market index has dropped again.

Last week, the Massachusetts Association of Realtors said the July market index fell for the second consecutive month, while its price index was down for the second time in 12 months.

"Whether it was the heat of July, the end of the tax credit, or the continued uncertainty in the economy, Realtor members are feeling less certain about the market than they did last year or just this past spring," the Massachusetts Association of Realtors President Kevin Sears said in a press release. He said if prices go down and interest rates remain low, that should bring buyers back.

The July market index, which is a random sampling of Realtors' responses on the housing market, stood at 28.15, about 25 percent lower than the score recorded in July 2009, Realtors said.

The index was down slightly from 28.36 in June. Realtors sentiment is represented on a 100-point scale with 50 being the midpoint between a strong and weak market.

Job recovery in Mass.

The Bay State added 13,200 jobs in July, with the private sector adding a whopping 19,200 jobs while the government shed 6,000 temporary Census jobs, according to a statement from the state Executive Office of Labor and Workforce Development.

The state's unemployment rate stood at 9 percent last month, where it has been since June. The state rate is below the 9.5 percent national rate.

Gubernatorial candidate Charlie Baker, a former Swampscott selectman and former chief executive of Harvard Pilgrim Health Care, said in a statement the Bay State "cannot settle for a mediocre recovery with 312,000 people still unemployed."

"At 9 percent unemployment, Massachusetts businesses are never going to start hiring at the pace the people of Massachusetts need them to if we don't reverse Gov. Patrick's higher taxes and onerous regulations that have dragged down our economy," Baker said.

"The fact that this is the largest monthly private sector gain in 20 years shows that our strategic investments in the innovation industries and efforts to improve the business climate are hitting their marks," said Gov. Deval Patrick, in a prepared statement. He said he still sees people looking for work, however.

The Bay State has added more than 60,000 jobs since December. The leisure and hospitality sector gained the most jobs in July by adding 6,500 jobs. Manufacturing concerns added 2,800 jobs in July, but the sector is down 900 jobs year-over-year.

Jobs also grew faster in June than was previously reported as there were 2,800 jobs gained two months ago, up from a job gain of 500, the state said.

Staff writer Ethan Forman can be reached at 978-338-2673 or by e-mail at eforman@salemnews.com.

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