THE DEAL SHEET
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|Microsoft has signed a lease expansion for 113k SF at One Cambridge Center, owned and developed by Boston Properties. The software maker already has its New England Research & Development Center in 43.5k SF at One Memorial Drive.|
|Microsoft announced its plans last month but now that it's signed the lease, construction on the space will start with occupancy set for later this summer. Jones Lang SVPs John Osten and Peter Bekarian with associate Molly Heath negotiated the long-term lease for Microsoft. Boston Properties was repped by its SVP David Provost and VP Philip Dorman. JLL?s project and development team is the project manager.|
Holland & Knight has agreed to extend its 105k SF lease at 10 St. James Ave. and will stay on floors 11, 12, 14 and 15 of the modern, Class A office tower. JLL's Bill Barrack, Bill Motley, and Michael Smith repped for the law firm. Colliers Meredith & Grew's Tom Hynes, Frank Durand, and Roger Breslin were at the table for landlord St. James/Arlington Real Estate Limited Partnership. ***QD Vision renewed its 24,798 SF office lease at 313 Pleasant St. in Watertown repped by NAI Hunneman?s James Boudrot, Brendan Daly, Evan Gallagher, Stephen James, and Michael McCarthy.John Nealon of W.I. Nealon Commercial repped the landlord.
Nantero renewed its 13,998 SF lease at 25 Olympia Ave. in Woburn repped by NAI Hunneman?s suburban leasing group: James Boudrot, Brendan Daly, Evan Gallagher, Stephen James, and Michael McCarthy. Landlord Cummings Properties' was repped by its own Mark Knittle.
Covenant Health Systems has leased 12k SF in Ames Pond Corporate Center in Tewksbury, relocating from 420 Bedford St. in Lexington. Ames Pond, a 154k SF business park, is owned in a JV of Leggat McCall Properties with Dead River Properties. Jones Lang LaSalle's Peter Richardson and Troy Coady negotiated for the owners. CresaPartners' Shawn McDonough and Joseph Doyle repped for Covenant.
NanoLab signed a new lease of 6k SF at 179 Bear Hill Rd. in Waltham and will relocate from 55 Chapel St. in Newton. NAI Hunneman?s James Boudrot, Brendan Daly, Evan Gallagher,Stephen James, and Michael McCarthy repped the tenant. Meredith & Grew's John Dolan represented landlord SPS Inc.
|Harleysville Insurance extended its 44k SF lease at 120 Front St. in downtown Worcester through August 2015 with Berkeley Investments and partner Starwood Capital. Berkeley was represented in-house by VP Steven Brooks and Kelleher & Sadowsky?s William Kelleher and Jim Umphrey. CBRE's Rob Walles in Boston and Jon Sarkisian in Philadelphia represented Harleysville. *** Wellogic has leased 5k SF at the Watch Factory, Waltham. Landlord Berkeley Investments was represented by Eric Ekman, project manager, and Steven Brooks, VP of asset management. Wellogic was represented by Grubb & Ellis? Dan Krysiak.|
Combined Properties acquired 17 Centennial Dr. in Peabody for $2M. The seller, TD Bank, was repped by Tranzon Auction Properties' Brecht Palombo and Combine represented itself. The 48K SF building was the former home of Mass General/North Shore Cancer Center.
Organic Mulch & Landscape Supply of New England paid $1.25M for 17 Brent Dr. in Hudson, a 25K SF industrial building. O?Brien Commercial's Joel Aho repped for seller Road Hole Realty.
Cushman & Wakefield announced yesterday that it was chosen by the Shrewsbury Development Corp., acting on behalf of the Town of Shrewsbury, to sell and/or lease CenTech Park North, a 60-acre land parcel. The Cushman & Wakefield team is executive director JR McDonald and associate Stephen Woelfel. The former Allen property site has full utilities access, an adjacent fiber-optics line, and planned town water and sewer. It can accommodate up to 600k SF of office, laboratory, and industrial space.
UGL Equis won a national contract to sign leases and provide construction administration services for the U.S. General Services Administration across all 50 states and the territories of Guam and Puerto Rico. The contract starts Oct. 1 and runs for one year with four, one-year options.
New England Institute of Technology hired Diversified Project Management to manage Phase 1 of its relocation into a new, 265k SF building it purchased in East Greenwich, R.I. The building, originally built as an office, is being extensively renovated and Phase 1 will be completed this fall.