Boston Properties completes 150,000 s/f lease to Wolverine Worldwide for the headquarters of its Sperry Top-Sider, Saucony, Keds, and Stride Rite brands at 10 CityPoint

August 14, 2014 - Front Section

10 CityPoint - Waltham, MA

In what will be one of the first true major mixed-use office and retail development projects built in the Boston suburbs, Boston Properties has leased 150,000 s/f of first-class office space to Wolverine Worldwide for the headquarters of its Sperry Top-Sider, Saucony, Keds, and Stride Rite brands at 10 CityPoint. The lease will kick off construction of the 10 CityPoint project, the newest addition to the CityPoint district.
10 CityPoint, located on Rte. 128 at the exit 27 interchange, will be seen by more than 400,000 cars per day, providing great visibility for the Wolverine family of brands. The project includes street level retail and restaurant options and 230,000 s/f of high performance workspace.
Executive managing director, principal John Boyle, senior vice president Michael O'Leary and associate Kevin McNamara of Cassidy Turley and Randy Tarnow of Mohr Partners represented the tenant, Wolverine. David Provost, senior vice president, Richard Monopoli, vice president, and Matthew Murray, leasing representative, were in-house representatives for Boston Properties.
In addition to the lease with Wolverine, Boston Properties has signed leases with Posto and Bonefish Grill to bring these restaurants to CityPoint. Posto and Bonefish Grill will be located in a new restaurant hub with visibility from Rte. 128 and access to the growing workforce in CityPoint and beyond. Posto was represented by Jonathan Martin, vice president at Colliers International. Headed by chef/owner Joseph Cassinelli, Posto will bring with it the classic Italian fare that made the restaurant a landmark dining destination in Davis Sq. Bonefish Grill, owned and operated by Bloomin' Brands, Inc., is known nationally for its innovative menu featuring market-fresh fish from around the world. Together these restaurants will add to the vitality and energy in the district and create ideal gathering spots for workers, residents, and visitors.
"We've taken the best of what we've learned at great urban projects like Atlantic Wharf, Prudential Center, and Reston Town Center and incorporated it into this development to provide great space and great place for this vibrant customer," said Bryan Koop, senior vice president and regional manager of Boston Properties. "Our most progressive customers are using space and place to nurture their culture and grow their business. 10 CityPoint combines sought after restaurant and retail options, high performance workspace, and a highly-visible location to create a perfect fit for Wolverine."
"This transaction represents what we are seeing most all users today want throughout the country, but is very difficult to find within Greater Boston. That is efficient, high quality, value driven real estate with walkable urban conveniences such as restaurants, bars and hotels. Projects like CityPoint make for a tremendous work life experience and reflect very positively on the company within that office environment," said Boyle.

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