Campanelli Companies Hires Colliers Meredith & Grew to Lease 300 Crown Colony in Quincy, MA
January 12, 2010

Boston, Massachusetts — Colliers Meredith & Grew, one of the top full-service commercial real estate firms in New England, announced today that it was appointed by Braintree-based Campanelli Companies as the exclusive leasing agent for 300 Crown Colony in Quincy, Massachusetts. Campanelli Companies purchased the building earlier this month as part of a value-added acquisition strategy that brought its development total to over 1.9 million square feet on 290 acres in the last five years.

300 Crown Colony is a five-story, 118,000-square-foot, first-class office building located in premier Crown Colony Park at the intersection of Interstate 93 and Routes 128 and 3. The property is 70 percent leased and features 25,000-square-foot floor plates, a full-service café, conference facility, ample parking and a five-story atrium.

“300 Crown Colony was an excellent acquisition and we have high expectations for its future,” said Peter Brown, Director of leasing at Campanelli Companies.

Crown Colony Park is an eleven-building signature business center consisting of approximately 1.5 million square feet of office and medical space. Amenities include the Boston Marriott Quincy hotel and restaurants and Bright Horizons daycare facility. In addition to immediate highway access via recently completed access ramps, Crown Colony Park offers shuttle service to the Quincy Adams MBTA station and commuter rail. Corporate tenants include State Street Bank, Harvard Pilgrim Health Care, Arbella Insurance Company and Boston Financial Data Services.

“Existing tenants and new tenants alike will benefit immensely from the unparalleled level of service that Campanelli Companies has been providing to its clients for decades,” said James Elcock, Executive Vice President at Colliers Meredith & Grew. “We are thrilled to be apart of the 300 Crown Colony team and look forward to a successful leasing campaign.”

In addition to Elcock, the Colliers Meredith & Grew leasing effort will be led by Assistant Vice Presidents David Goodhue and Caleb Hudak.

November 25, 2009
Consensus Building Institute Renews 4,879 Square-Foot Lease at 238 Main Street
in Cambridge, Massachusetts

Boston, Massachusetts — Consensus Building Institute (CBI), a not-for-profit organization that promotes effective negotiations, builds consensus and resolves conflicts, has recently renewed a 4,879 square-foot lease for its corporate headquarters at 238 Main Street in Cambridge, Massachusetts.

The Colliers Meredith & Grew team of Tucker Hansen and Ben Coffin represented CBI and the landlord, the Massachusetts Institute of Technology (MIT), in the transaction. Specifics of the lease transaction were not disclosed.

238 Main Street is a five-story, 79,000-square-foot office building located in the heart of Kendall Square and adjacent to the MIT Campus. The building provides convenient access to the area’s numerous amenities, including restaurants, hotels and service retail. The MBTA Red Line subway station is located directly in front of the building’s main entrance.

E Ink Corporation Renews 42,280 Square-Foot Lease at 733 Concord Avenue
in Cambridge, Massachusetts
November 24, 2009

Boston, Massachusetts — E Ink Corporation, a leading supplier of electronic paper display technologies, has recently renewed a 42,280-square-foot lease for its corporate headquarters at 733 Concord Avenue in Cambridge, Massachusetts. E Ink Corporation occupies the entire two-story, 42,280-square-foot office & laboratory building.

Colliers Meredith & Grew’s Tad Lee represented E Ink Corporation in the transaction. New Boston Fund, the landlord, was represented by Colliers Meredith & Grew’s Joe Flaherty. Specifics of the lease transaction were not disclosed.

Colliers Meredith & Grew Secures $7.5 Million Refinancing for Marshalls Plaza in Newton, MA
November 24, 2009

Boston, Massachusetts — Colliers Meredith & Grew’s Capital Markets group has secured a $7.5 million refinancing for a two-building, 62,589-square-foot retail plaza located at 241-281 Needham Street in Newton, Massachusetts. The plaza is 99% leased to retail tenants including Marshalls Inc., CVS and AAA Southern New England.

Vice President John Broderick of Colliers Meredith & Grew represented the borrower, Northland Investment Corporation. The Washington Trust Company, a subsidiary of Washington Trust Bancorp, Inc., financed the transaction. The five-year, fixed-rate loan closed on October 29, 2009.

“The financing was widely sought after by many lending institutions due to the high quality of the asset and the strong sponsorship of Northland Investment,” said Broderick. “Washington Trust recognized these strengths and delivered very attractive financing terms in these unsettled economic times.”

Colliers Meredith & Grew Brokers Sale of The Bartlett School in Waltham, MA
November 18, 2009

Boston, Massachusetts — The Colliers Meredith & Grew team of Executive Vice President James Elcock and Assistant Vice President Katharine Barry has successfully negotiated the sale and disposition of a 58,000-square-foot, 5.8-acre campus in Waltham on behalf of the Bartlett School to the Carroll School. The Carroll School, an independent primary school for students with diagnosed learning disabilities such as dyslexia, will use the newly acquired property as an expansion to its main campus in Lincoln, Massachusetts.

“A number of very interested parties were attracted to the Bartlett School once the property became available for sale. The Bartlett School trustees are thrilled to finalize a transaction with the Carroll School, where educating children will continue,” said Elcock.

Located on Trapelo Road in Waltham, the two-building Bartlett School campus consists of a 50,156-square-foot, single-story brick school building with functional lower level and a 7,830-square-foot, state-of-the-art gymnasium constructed in 2004-2005. The school’s Board of Trustees voted on March 9, 2009 to close the school at the end of the 2008-2009 academic year due to a decline in the number of returning students.

Outcome Sciences Leases 29,647 Square Feet at 201 Broadway in Cambridge, Massachusetts
November 17, 2009

Boston, Massachusetts — Outcome Sciences, Inc. (“Outcome”), the leading provider of patient registries, studies, and technologies for evaluating real-world outcomes, has recently renewed and expanded its office lease to 29,647 square feet at 201 Broadway in Cambridge, Massachusetts.

been professional in every respect and has accommodated our growth needs. No organization maintains or operates buildings as well as they do. It is our pleasure to be a tenant at 201 Broadway.”

The Colliers Meredith & Grew team of Joe Flaherty, Tucker Hansen and Ben Coffin represented Outcome in the transaction with the landlord, The Davis Companies, represented by Duncan Gilkey, Senior Vice President. Specifics of the five (5) year lease transaction were not disclosed.

“We are thrilled to have Outcome expand again at 201 Broadway,” says Gilkey. “Outcome is a great partner and we are glad to accommodate its growth. We look forward to continuing our long-term relationship.”

Built in 1988, 201 Broadway is a Class A office building located in the heart of Kendall Square, just three blocks from the MIT campus and surrounded by numerous technology and life science industry leaders. The building features an inviting lobby, efficient floor plates with abundant window line, in-building garage parking, on-site café, and excellent access to area retail and urban amenities. The MBTA Red Line station at Kendall Square is a five-minute walk from the building. Additional 201 Broadway tenants include Mitsubishi Electronic Research Lab, Sonos, Inc, Weidlinger Associates, Inc. and Curl, Inc.

New SIOR candidates accepted into New England Chapter
November 13, 2009

New England Real Estate Journal — The New England SIOR Chapter has accepted three new candidates for the SIOR designation during the fall. The new candidates include: Mike Zieja, John Dolan and Bill Lynch all of Meredith & Grew.

Please see the attached PDF.

AMB Appoints Colliers Meredith & Grew Exclusive Leasing Agent for 1.8 Million-Square-Foot Industrial Portfolio
November 13, 2009

Boston, Massachusetts — Colliers Meredith & Grew, one of the top full-service commercial real estate firms in New England, has been appointed the exclusive leasing agent for AMB Property Corporation's Southeastern Massachusetts industrial building portfolio. The portfolio consists of 1,855,333 square feet of industrial space located in fourteen buildings in Braintree, Stoughton, and Brockton. There is presently space available within the portfolio that can accommodate users from 12,000 to 300,000 square feet.

“We are extremely pleased to represent this quality portfolio,” said Robert Cronin, Senior Vice President and head of Colliers Meredith & Grew’s Industrial Leasing Team.

In addition to Cronin, the Colliers Meredith & Grew team assigned to the project includes Assistant Vice President Caleb Hudak, Assistant Vice President David Goodhue and Associate Christopher Decembrele. The AMB Property Corporation management team includes Senior Vice President Steven Kimball and Director of Property Management Skip Coppola.

Boston Marriott Copley Place: Renovated for Today’s Sophisticated Traveller
October 27, 2009

Boston, Massachusetts — A $22 million, year-long series of renovations at the Boston Marriott Copley Place is nearly complete, it was announced today. Hotel enhancements include: a completely renovated first and second floor, with new front desk area and meeting rooms, a redesigned Champions restaurant and bar, the new Connexion lounge, an expanded Starbucks coffee bar, a relocated business center and upgraded gift shop; a renovated health club and pool; and a full renovation of all 47 guest suites.

“Working closely with our architecture and design partners, we devoted a lot of time at the beginning of this renovation process to observing and considering our guests’ patterns of use,” said Boston Marriott Copley Place General Manager David Giblin. “The resulting renovation really accommodates guests’ needs – and those needs have changed significantly over the past several years. The new hotel flow is so sensible, and the design is stunning. We’re thrilled.”

On the hotel’s first floor, the front desk area has been relocated, and is now just inside the hotel doors, on Huntington Avenue. This highly visible placement, along with a curvilinear design, invites guests to glide easily through the check-in process. The adjacent, elliptical seating area features contemporary furnishings in shades of terracotta, sand and celadon, and provides a welcome place for guests to meet colleagues, check messages, or read the paper. Three completely new, mid-sized meeting rooms are also included in the first floor design, and will be completed by January 2010.

The hotel’s second level, at the bustling intersection of the Copley Place Mall and the Shops at the Prudential Center, has also been completely reinvented. The centerpiece here is the new Champions, a sleek, modern restaurant that features one of the largest HD projection screens in New England (12 x 24 feet), over 40 flat panel televisions, and a technologically-advanced sound system. The restaurant’s open, circular design is reminiscent of the European piazza – the beloved outdoor gathering place where people eat, drink and play games, while listening to favorite sporting events on the radio. Together with an all-American grill menu, 36 beers on tap, and hand-crafted cocktails, Champions is quickly becoming one of Boston’s newest dining and entertainment destinations. The second floor also now features a greatly expanded and fully redesigned Starbucks coffee bar, a new Connexion Lounge, a relocated business center, and a refreshed and redesigned Atrium Shop.

Additional hotel renovations include the health club area, which offers the latest cardiovascular and weight training equipment, as well as pool, hot tub, massage treatment rooms, and breathtaking city views. All of the hotel’s 47 guest suites have also been beautifully redesigned, with stylish new furnishings and appointments throughout.

“This transformative investment represents a strong vote of confidence in the city of Boston, and the project benefited from an outstanding design and construction team,” said Yanni Tsipis, Senior Vice President with Colliers Meredith & Grew, the Project Manager.

The Boston Marriott Copley Place is owned by Host Hotels & Resorts, Inc. Colliers Meredith & Grew is the Project Manager for these extensive hotel renovations; Gensler, a national design firm, is the Project Architect; and Structuretone is the General Contractor. The full project will be completed by first quarter 2010.

Source: Boston Marriott Copley Place

Gunderson Dettmer Leases 31,140 Square Feet at 850 Winter Street in Waltham, Massachusetts
October 7, 2009

Boston, Massachusetts — Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP, a leading law firm for entrepreneurs, emerging growth companies and venture capitalists, has executed a new 31,140-square-foot lease to relocate its New England headquarters from 610 Lincoln Street to 850 Winter Street in Waltham, Massachusetts. The move will occur in January 2010.

Colliers Meredith & Grew’s James Elcock and Elias Demakes represented Gunderson Dettmer in the transaction. Andrew Majewski of CB Richard Ellis New England represented the landlord, Davis Marcus Partners. Specifics of the lease transaction were not disclosed.

“It is an ideal move for Gunderson Dettmer,” said Elcock. “The firm will relocate to the newest building in the marketplace with on-site amenities such as food service, fitness, underground parking and immediate adjacency to Health Point gym while simultaneously enjoying the benefits of a campus setting.”

Built in 2008, 850 Winter Street is a LEED-certified, three-story, 180,000-square-foot Class A office and research building located in the prestigious Reservoir Woods office park. Earlier this year, Alkermes, Inc. announced plans to relocate its 115,000-square-foot corporate headquarters to 850 Winter Street from 88 Sidney Street in Cambridge in early 2010. Alkermes, Inc. was represented by Colliers Meredith & Grew’s Joseph Flaherty in the transaction.

The Bulfinch Group Leases 3,990 SF at 300 Ledgewood Place in Rockland, Massachusetts
September 29, 2009

Boston, Massachusetts — The Bulfinch Group, a general agency of The Guardian Life Insurance Company of America (Guardian), New York, NY, has executed a new 3,990-square-foot lease at 300 Ledgewood Place in Rockland, Massachusetts. The property is now 100% leased.

The Colliers Meredith & Grew team of Executive Vice President James Elcock and Assistant Vice President David Goodhue represented the landlord, F.P. Giglio Enterprises, in the transaction. Senior Vice President Bradley McGill and Associate Michael Olson of Jones Lang LaSalle represented The Bulfinch Group. Specifics of the lease transaction were not disclosed.

“We are pleased to welcome The Bulfinch Group to Ledgewood Place,” said Frank Giglio, President of F.P. Giglio Enterprises. “The Bulfinch Group is a high quality tenant with a great reputation, and is indicative of the caliber of tenant that we have been able to attract to the property since its completion in late 2007.”

“We are excited to have 300 Ledgewood Place be home to our new South Shore office,” said Seth Medalie, CLU®, ChFC® President of The Bulfinch Group. “We take pride in locating our business in quality office buildings that provide a productive business environment for our professionals and clients. In addition, Frank Giglio's attention to detail and passion for the property are a very good formula for a long standing relationship.” The Bulfinch Group also occupies offices at 140 Kendrick Street in Needham, Massachusetts.

Built in 2007, 300 Ledgewood Place is a three-story, 39,000-square-foot Class A office building located in the Ledgewood Office Park in Rockland, Massachusetts. The park is conveniently situated minutes south of the Route 3 and Route 228 interchange at Exit 14 and is within minutes of Hingham, Norwell and Weymouth. Nearby amenities include hotels, restaurants and numerous retail amenities.

Caleb W. Hudak Joins Colliers Meredith & Grew
as an Assistant Vice President in Suburban Brokerage Group
September 24, 2009

Boston, Massachusetts — Caleb W. Hudak has joined Colliers Meredith & Grew as an Assistant Vice President in the Suburban Brokerage Group, focusing on brokerage activities in the Route 128 and 495 south markets. He will work closely with Executive Vice President James Elcock and Assistant Vice President David Goodhue. Prior to joining the firm, Mr. Hudak spent five years at Richards Barry Joyce & Partners, LLC.

“Caleb brings a great real estate background and experience to Colliers Meredith & Grew,” said Elcock. “He is a great fit, and we are very pleased to have someone with his reputation and real estate aptitude on our team.”

Mr. Hudak earned a B.A. degree in Sociology from Tufts University in Medford, Massachusetts. He is a resident of Boston, Massachusetts.

Caritas Christi Network Services Leases 18,584 Square Feet at 850 Washington Street
in Dedham, Massachusetts
September 10, 2009

Boston, Massachusetts — Caritas Christi Network Services, a division of Caritas Christi Health Care, has executed a new 18,584-square-foot lease for its headquarters at 850 Washington Street in Dedham, Massachusetts. The firm will relocate in January 2010 and become the building’s anchor tenant.

Colliers Meredith & Grew’s Robert Cronin represented Caritas Christi Network Services in the transaction. Paul Simard of The Simard Company, LLC represented the landlord, 850 Washington LLC. Specifics of the lease transaction were not disclosed.

Built in 1975 and renovated in 2001, 850 Washington Street is a three-story, 28,131-square-foot office building located at the junction of Route 128 and Route 1 in Dedham, Massachusetts. Nearby amenities include retail, hotels and restaurants.

“After considering numerous relocation options, Caritas Christi Network Services chose 850 Washington Street because of its flexible, open floor plans and strategic location that provides convenient access to all six Caritas member hospitals,” said Cronin.

Transwestern Completes 28,438 SF of Signed Leases at Brickstone Square
August 31, 2009

Boston, Massachusetts — Transwestern Investment Company (Transwestern), a principal investment firm specializing in commercial real estate, has added four new tenants to its Brickstone Square property in Andover, Massachusetts. The leases, totaling 28,438 square feet, will bring Hinckley, Allen & Snyder LLP, NuView Systems Inc., Old Republic Title Insurance Company and VKernel Corporation to the business center in the fall of 2009. The Colliers Meredith & Grew team of Matthew Daniels, Christopher Lawrence and Brian Tisbert represented Transwestern in the transactions.

Since purchasing Brickstone Square in late 2005, Transwestern has invested a significant amount of capital within the common areas of the building as well as the speculative and custom build-out of vacant space.

“Even in turbulent times, Transwestern is able to deliver a significant turnkey tenant improvement package and offer other incentives that make Brickstone Square an attractive option for new tenants,” said Daniels. “Transwestern is getting deals done in this marketplace.”

NuView Systems Inc., a global provider of human resources and payroll software tools, has executed a new 14,794-square-foot lease to relocate its headquarters from 155 West Street in Wilmington to 200 Brickstone Square in Andover, Massachusetts. The move is a 5,000 square-foot expansion for the firm. Matthew Daniels and Brian Tisbert of Colliers Meredith & Grew represented NuView Systems.

Old Republic Title Insurance Company executed a new 6,876-square-foot lease. Lawrence Epstein and Christopher Lawrence of Colliers Meredith & Grew represented Old Republic Title Insurance Company in the transaction.

VKernel Corporation, a provider of virtualization management and optimization software, signed a 4,379-square-foot lease to relocate its headquarters from Portsmouth, New Hampshire. Vkernel was represented by the T3 Advisors team of Greg Hoffmeister and Mike Taylor.

Full-service law firm Hinckley, Allen & Snyder LLP executed a new 2,389-square-foot lease which represents an expansion for the firm. Joseph Sciolla of CresaPartners LLC represented Hinckley, Allen & Snyder in the transaction.

Specifics of the lease transactions were not disclosed.

Colliers Meredith & Grew Closes 6,043 SF of Signed Leases in Mansfield
August 25, 2009

Boston, Massachusetts — The Colliers Meredith & Grew team of James Elcock, David Goodhue and William Lynch has recently represented landlord Eastport Real Estate Services in four leases totaling 6,043 square feet at Reservoir South Office Park in Mansfield, Massachusetts. The leases will bring Amedisys, Coloseum Software Corporation, the Law Office of Stephen J. Fallon and New England Counseling Center to the business center by year-end 2009.

Details of the specific leases were not disclosed.

Colliers Meredith & Grew Represents Acceleron Pharma in 19,711 SF Lease
May 6, 2009

Boston, Massachusetts — Acceleron Pharma, Inc., a biopharmaceutical company developing novel therapeutics that modulate the growth of tissues including bone, muscle, red blood cells and vasculature, has executed a new 19,711-square-foot lease for biotechnology laboratory space at 12 Emily Street in Cambridge, Massachusetts. Acceleron Pharma currently occupies a total of 75,000 square feet at 128 & 149 Sidney Streets, and will expand its Cambridge presence to 12 Emily Street in June 2009.

Colliers Meredith & Grew’s Joe Flaherty and Tucker Hansen represented Acceleron Pharma in the transaction. The landlord, the Massachusetts Institute of Technology, represented itself, with John McQuaid, Senior Real Estate Officer, and Patrick Rowe, Senior Investment Associate, handling the negotiations for the Institute. Specifics of the lease transaction were not disclosed.

12 Emily Street is a two-story, 30,000-square-foot flexible office/research and development building. Located two blocks from University Park at M.I.T. and in close proximity to the M.I.T. campus, 12 Emily Street is ideally situated within Cambridge’s thriving biotechnology community.

“The addition of the 12 Emily Street facility provides additional wet laboratory and administrative office space adjacent to our existing other two facilities and will help support our rapid growth,” said Nancy Sullivan, Senior Director of Operations for Acceleron.

Colliers Meredith & Grew Hired to Sell The Bartlett School in Waltham, MA
May 6, 2009

Boston, Massachusetts — The Bartlett School, a private elementary school educating children ages three to eleven in Waltham, Massachusetts, has engaged Colliers Meredith & Grew to assist in the disposition of the school’s 5.8-acre campus.

The school’s Board of Trustees voted on March 9, 2009 to close the school at the end of the current academic year due to a decline in the number of returning students.

Located less than one mile from Interstate 95 and Route 128, the two-building campus consists of a 50,156-square-foot, single-story brick school building with functional lower level and a 7,830-square-foot, state-of-the-art gymnasium constructed in 2004-2005. The Colliers Meredith & Grew team of Jim Elcock and Katie Barry will market the property to educational and institutional users. Potential uses for the property include single-family, municipal, educational, or family day care.

Altman Vilandrie & Company Subleases 16,189 SF at 53 State Street
April 3, 2009

Boston, Massachusetts — Altman Vilandrie & Company (AV&Co.), a strategy consulting firm focused exclusively on the communications, media and related technology and investor sectors, has subleased 16,189 square feet of office space from Hill, Holliday, Connors, Cosmopulos, Inc. at 53 State Street in Boston, Massachusetts. AV&Co. will relocate from its current Boston location at 2 International Place in May 2009.

Colliers Meredith & Grew’s Tad Lee and Leigh Freudenheim represented AV&Co. in the transaction. Jim Brady of Cushman & Wakefield, Inc. represented Hill, Holliday, Connors, Cosmopulos, Inc., the sublandlord. Specifics of the sublease transaction were not disclosed.

Alnara Pharmaceuticals Signs Lease at 840 Memorial Drive
April 2, 2009

Boston, Massachusetts — Alnara Pharmaceuticals, Inc., a pharmaceutical company developing novel, non-systemic orally-delivered protein therapeutics for the treatment of metabolic diseases, has executed a new 8,787-square-foot office/laboratory lease at 840 Memorial Drive in Cambridge, Massachusetts. The move occurred in January 2009.

Colliers Meredith & Grew’s Joe Flaherty, Tucker Hansen and Ben Coffin represented the landlord, The Abbey Group, in the transaction. Edward Fothergill and Dan Sullivan of CresaPartners represented Alnara Pharmaceuticals, Inc. Specifics of the lease transaction were not disclosed.

Built in 1980 and renovated in 2002, 840 Memorial Drive is a five-story, 130,000-square-foot first-class laboratory building located along the Charles River between Harvard University and Massachusetts Institute of Technology in Cambridge, Massachusetts.