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Dassault's Record 2010 Lease

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Dassault's Record 2010 Lease
It seemed a bit chancy when Hobbs Brook Management built 175 and 185 Wyman St. on spec. But the bet paid off since Dassault Syst mes has agreed to lease 320k SF.
Dassault's Record 2010 Lease
Dassault?s long-term lease of new Class A office, technology lab, and data center space in the LEED Gold complex is the region?s largest so far this year, according to broker Jones Lang LaSalle. The company, based in Velizy, France, wanted to be ensconced (we assume it's a French word meaning "everyone gets a window") in Boston's breeding ground for high-tech innovation, says Dassault Americas? Al Bunshaft.Jones Lang LaSalle's Brendan Callahan and Alex Dauria represented the company and Wyman St. Advisors? Charles ?Chip? Batchelder was at the table for owner/developer Hobbs Brook Management. Dassault is scheduled to move into all of 175 Wyman totaling 211,741 SF in mid-2011 and will grow into 185 Wyman as needed. Margulies Perruzzi Architects designed the buildings and Elkus Manfredi will do the interior. ***Demandware leased 32k SF of office space at 5 Wall St. in Burlington from The Gutierrez Co. to expand and relocate from Woburn. Grubb & Ellis? Jack Kerrigan and Mark Coelho repped for the landlord. T3 Advisors? Mark Cote was at the table for Demandware, which will move in Jan. 1, 2011.

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The Boston Foundation has renewed its 25k SF lease for eight years at 75 Arlington St. in the Back Bay that was set to expire in September 2011. McCall & Almy?s Bill McCall, David Richardson, and Garrett Larivee sat in for the Foundation and Meredith & Grew's Roger Breslin and Frank Durand represented the landlord, St. James/Arlington Real Estate.

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Woburn State Development, an affiliate of Boston-based Fort Point Real Estate Co ., signed two leases with tenants that will take a total of 48k SF of office and manufacturing space at its 11 State St. property in Woburn. NAI Hunneman?s David Gilkie and Michael McCarthy represented the landlord. Paul Delaney of Grubb & Ellis represented tenant Resin Designs, which signed on for 25k SF and Gilkie and McCarthy found tenant Lifeline Ambulance and represented the landlord in a lease of 23k SF.

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Taylor Exhibitions Services has agreed to expand into 38k SF at 10 Liberty Way in Franklin. Landlord Liberty Realty Trust was represented by Bret O?Brien of O?Brien Commercial Properties. Lincoln Property's Tim Latham and Kevin Malloy represented Taylor Exhibition Services.

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Terrafugia leased 18k SF of office and manufacturing space at 23 Rainin Rd. in Woburn. NAI Hunneman?s Mike McCarthy and David Gilkie represented the tenant and Grubb & Ellis? Brad Spencer represented the landlord, Mack Investors.

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NAI Hunneman?s Suburban Leasing Group, which includes James Boudrot, Brendan Daly, Evan Gallagher, Stephen James, and Michael McCarthy repped for Global Mail Express in a new 15k SF lease at 230 Ballardvale St., Wilimington. Devon Manfredonia of Newmark Knight Frank repped the landlord, Carlisle Properties. Hunneman also repped for Electrolytic Ozone in a 7k SF lease at 66 Concord Rd., and Jeremy Hood of Cummings Properties repped the landlord.

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Men's Wearhouse renewed a 5k SF retail lease at Wellington Circle Plaza in Medford with Bierbrier Development. Bierbrier?s Casey Piche represented the landlord and the retailer?s Charlie Reilly repped for the store.

Finance

The Cambridge Housing Authority will renovate Jackson Gardens, a 45-unit 1950?s walk-up and demolish/rebuild Lincoln Way, a 60-unit 1950-era building. Some financing to upgrade/replace these affordable units is coming from $30M in bonds issued by MassDevelopment. The Jackson Gardens renovations will include new roofs, windows, and fire safety equipment; upgrades to plumbing, heating, and electrical systems; kitchen and bathroom replacements. At Lincoln Way, a new 70-unit building will replace the current 60-unit facility, which is small and in poor condition.

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HFF Boston arranged an $8.5 million refinancing for Riverview Business Park, a 90k SF office building in Malden. Working exclusively for Combined Properties, HFF?s Janet Krolman and Greg LaBine placed the seven-year, fixed-rate loan with Aetna Life Insurance Co. The loan is refinancing a maturing loan with another life company.

People

Bruce Wiley leads the new Boston office of Grubb & Ellis Landauer Valuation Advisory Services that opened yesterday. Geared for appraisal needs of CRE owners, G&E has opened 12 offices and plans to have 350 appraisers serving all key US markets.

Assignments

Dassault's Record 2010 Lease
A.W. Perry has chosen Campanelli Cos. to manage construction for the development of Two Pond Park Medical Center in Hingham. The 78k SF medical building designed by Cannon Design will house South Shore Orthopedics and South Shore Hospital's Outpatient Center for Orthopedic Care and Pain Management.