The Deal Sheet
| At the tender age of 100-plus years, the old Custom House Block at 66 Long Wharf still has what it takes. AECOM just signed a lease for 47.5k SF of renewal and expansion space there. |
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| CBRE's Chris Cuddy and Kevin Kennedy represented the tenant and Jones Lang LaSalle's Katharine Small and former managing director Bill Collins repped the landlord, ELV Associates.***Avnet has leased 47k SF from DivcoWest/Taurus Investment Holdings at 400 Riverpark Dr. in North Reading for an October move-in. CBRE's David Pergola, Mark Reardon, and Jason Levendusky negotiated for the landlords, while Colliers Meredith & Grew's Matt Daniels and Chris Lawrence repped Avnet. *** Conn Kavanaugh Rosenthal Peisch & Ford renewed its lease at Ten Post Office Square and now occupies 23k SF. McCall & Almy?s David Richardson and Garrett Larivee represented the law firm. Cushman & Wakefield's David Martel and Gil Dailey sat in for the landlord, Broadway Partners. Alan Rubenstein was also at the table for Broadway. *** Celldex Therapeutics has leased 23k SF of office, manufacturing, and laboratory space at 151 Martine St. in Fall River for R&D. Celldex is HQ?d in Needham, Mass. Jones Lang's Brendan Callahan negotiated the seven-year lease renewal for Celldex. The owner, the Massachusetts Development Finance Agency, was represented by its real estate team. *** WiTricity leased the two-story, 20k SF building at 149 Grove St. in Watertown as its new HQ. Growing fast, the tech firm is expanding from 8k SF it previously occupied, also in Watertown. The company needed first floor access to easily move the electric cars it develops. Richards Barry Joyce?s Eric Smith and Ron Friedman represented WiTricity Corp. in the lease. *** Atlas Venture, an international venture capital firm that invests in technology and life sciences businesses, has signed a new 16k SF lease to relocate its HQ in November from Waltham to The Davenport Building in Cambridge. Colliers Meredith & Grew's Jim Elcock and Ben Coffin represented Atlas. Cushman & Wakefield's Debra Gould represented the landlord, AEW Capital Management. *** Tapestry Networks has leased 11k SF at 404 Wyman St. in Hobbs Brook Office Park, Waltham. JLL's Keith Gurtler and Matt Malatesta represented Tapestry Networks. Wyman Street Advisors? Robert Borgman negotiated for owner Hobbs Brook Management. Tapestry Networks is expanding, and relocating from 1601 Trapelo Rd. in Waltham. Occupancy is scheduled for this month. |
| Construction |
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| Bond Building Division was selected by Fitchburg State University for a $42M job to build a new 54.7k SF addition and renovate the Condike Science Center. The addition will include biology and chemistry labs, classrooms, and support space. They will also renovate the existing building with its physics and geo-physical science classrooms and faculty offices. They'll work with CBT Architects (rendering above) on the 98.6k SF combined addition and renovation to be completed in January 2014.*** The 80k SF office renovation for Harris Corp. has been completed by Integrated Builders at 150 Apollo Dr. in Chelmsford. Harris Corp., HQ?d in Melbourne, Fla., is an international communications and information technology company serving public and private clients in more than 150 countries. *** Relocating from Tewksbury, Avid Technologies has moved into its new 203k SF HQ at Network Drive in Northwest Park, according to landlords Nordblom Co. and Nordblom Properties. FHO Partners'Brian Hines and Mike Dalton repped Avid on the lease signed last November and JLL?s Tamie Thompson, Dan Cordeau, and Dan Kollar represented Nordblom. Adele Olivier and Todd Fremont-Smith managed the deal from the ownership. |
| Corporate |
| CresaPartners has joined with Jorgensen Facilities to provide management services across the country to businesses seeking to reduce costs and improve operations. |
| People |
| CBRE announced that retail investment sales heavy weight Jim Koury has joined the firm along with Nat Heald, both leaving JLL. Jim has sold about $3B in property in his career. Jim and Nat will join with Bill Moylan and Chris Angelone in CBRE's Northeast sales team. Last year, CBRE entered a strategic JV forming CBRE | Grossman Retail Advisors led by Howard Grossman. |
