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.

Cushing & Dolan, P.C. Signs Lease at 375 Totten Pond Road
April 1, 2009

Boston, Massachusetts — Cushing & Dolan, P.C., a law firm specializing in estate planning, business law, and real estate law, has executed a new 8,125-square-foot office lease for its headquarters at 375 Totten Pond Road in Waltham, Massachusetts. The move is planned for April 2009.

The Colliers Meredith & Grew team of Elias Demakes, John Dolan and Joe Flaherty represented the landlord, Totten Pond, LLC, in the transaction. Cushing & Dolan, P.C. was represented by John Butterworth of CB Richard Ellis-New England. Specifics of the lease transaction were not disclosed.

Built in 2000, 375 Totten Pond Road is a four-story, 28,886-square-foot Class A office building located in Totten Pond Road Office Park, a four-building complex totaling 70,736 square feet in Waltham, Massachusetts. Situated at the corner of Totten Pond Road and Winter Street, Totten Pond Road Office Park offers easy access to Interstate 95 and Route 128.

Industrial Defender, Inc. Expands at The Campus at Chestnut Green in Foxborough, Massachusetts
March 24, 2009

Boston, Massachusetts — Industrial Defender, Inc., the global leader in Cyber Risk Protection™, has restructured its lease to expand its headquarters from 7,414 square feet to 20,270 square feet at The Campus at Chestnut Green in Foxborough, Massachusetts.

Colliers Meredith & Grew’s Executive Vice President James L. Elcock and Associate William C. Lynch represented Industrial Defender in the transaction. Associate Caleb Hudak of Richards Barry Joyce & Partners, LLC represented the landlord, VinCo Properties, Inc. Specifics of the lease transaction were not disclosed.

President and Chief Executive Officer of Industrial Defender, Inc., Brian Ahern stated, “I’m thrilled with our company’s growth and excited we are able to continue our expansion at Chestnut Green. Jim and Bill at Colliers Meredith & Grew greatly enhanced our position. They developed a distinct process and introduced creative ideas that allowed us to achieve all of our goals.”

Chestnut Green, the 93-acre redevelopment of the former Foxborough State Hospital, will include over 100,000 square feet of office space, 60,000 square feet of retail and over 200 housing units when complete.

“Chestnut Green has been able to accommodate Industrial Defender’s rapid growth and has proven a great solution in the marketplace,” said Elcock.

Colliers Meredith & Grew Brokers Sale of 85 Hayes Memorial Drive
March 3, 2009

Boston, Massachusetts — Colliers Meredith & Grew has successfully brokered the sale of 85 Hayes Memorial Drive in Marlborough, Massachusetts to a local investor for $2.1 million. The transaction closed on January 16, 2009. Senior Vice President Wayne Spiegel and Associates William C. Lynch and Timothy P. O’Brien of Colliers Meredith & Grew represented the seller, EPP Real Estate, LLC. Senior Associate Joel Aho of O’Brien Commercial Properties, Inc. represented the buyer.

Built in 1974 and expanded in 1998, 85 Hayes Memorial Drive consists of 28,000 square feet of warehouse and office space in Marlborough, Massachusetts. It is within close proximity to Route 495 and Route 20. The building is 100% leased to Diamond Machining Technology.

“Despite the scarcity of available financing and the economy being ‘shocked’ in the middle of the transaction, this deal was a win-win. The buyer is a local real estate investor who was financed by a local bank. EPP Real Estate, LLC capitalized on this opportunity to pursue an alternate investment strategy,” said Spiegel.

“With expertise and perseverance, the Colliers Meredith & Grew team guided us through tough economic conditions,” said Elizabeth P. Powell, Managing Member of EPP Real Estate, LLC.

Colliers Meredith & Grew Represents LightWedge, LLC in 5,500-Square-Foot Lease
February 24, 2009

Boston, Massachusetts — LightWedge, LLC, maker of innovative LightWedge® and Great Point Light® book lights and magnifiers, has executed a new 5,500-square-foot office lease for its headquarters at 320 Nevada Street in Newton, Massachusetts.

The Colliers Meredith & Grew team of John A. Carroll III, Elias T. Demakes and John F. Dolan III represented LightWedge, LLC and the landlord, One Nevada Realty Trust, in the transaction. Specifics of the lease transaction were not disclosed.

Located in Nonantum Office Park, 320 Nevada Street is a five-story, 86,000-square-foot office building in Newton, Massachusetts. The building is located less than one mile from the Exit 17 interchange of the Massachusetts Turnpike, offering excellent access to Boston, Cambridge and Route 128. Numerous amenities are within walking distance, including restaurants and convenience stores.

Colliers Meredith & Grew Represents LSI Corporation in 5,633-Square-Foot Lease
February 11, 2009

Boston, Massachusetts — LSI Corporation, leading provider of innovative silicon systems and software technology, has renewed its office lease at 114 Turnpike Road in Westborough, Massachusetts. Commencing March 1, 2009, LSI Corporation will occupy 5,633 square feet after downsizing approximately 4,000 square feet.

The Colliers Meredith & Grew team of Executive Vice President James L. Elcock, Associate William C. Lynch and Associate Timothy P. O’Brien represented LSI Corporation in the transaction. Associate Robert Byrne of Richards Barry Joyce & Partners represented the landlord, KBS Realty Partners. Specifics of the lease transaction were not disclosed.

Built in 1987 and renovated in 1995, 114 Turnpike Road is a three-story, 72,584-square-foot Class A office building located in Westboro Executive Park in Westborough, Massachusetts. In 2007, the building was awarded an Energy Star label for its operating efficiency and the 2008 Office Building of the Year award presented by the Building Owners and Managers Association (BOMA). Amenities include 24-hour card access entry systems, on-site management, fitness center, deli and shower facilities.