Hobbs Brook Management ends 2017 with eight new leases and renewals

December 15, 2017 - Front Section

Waltham, MA Hobbs Brook Management LLC has negotiated eight leases in its office parks in Waltham and Wakefield, Mass. and Johnston, R.I. The three new tenants and five renewed tenants collectively occupy over 70,000 s/f.

“What sets us apart is our dedication to our tenants, from delivering exceptional customer service to providing sustainable, high-quality office environments with an array of amenities and excellent service. We are not only developing high-caliber buildings, but also nurturing trusted relationships,” said Patricia Holland, real estate manager in Hobbs Brook’s leasing division. “We are proud to celebrate our renewals and welcome new tenants to our growing Hobbs Brook community.”

New Leases:
Corporate Travel Management North America, Inc. has signed a new lease at 101 Edgewater in Wakefield. The 6,986 s/f five-year lease was brokered by Bob Borgman of Wyman Street Advisors for Hobbs Brook. Cresa Boston’s Paul Delaney represented the tenant.

The Phillips Screw Company has signed a 2,953 s/f lease for three years at 301 Edgewater in Wakefield. Borgman served as the broker for Hobbs Brook.

Prospect Medical Systems has signed a new seven-year lease for 9,807 s/f at 1301 Atwood in Johnston, R.I. Matthew Fair of Hayes & Sherry served as the broker for Hobbs Brook. Peter Hayes of Hayes & Sherry represented Prospect Medical.

Lease Renewals:
Bollore Logistics has renewed its 5,817 s/f lease at 301 Edgewater in Wakefield, for five years. Hobbs Brook Management was represented by Borgman of Wyman Street. Phil Burgess of Burgress Properties represented the tenant.

Cambridge Sound has renewed its 14,310 s/f lease at 404 Wyman St. in Waltham, for five years. Chip Batchelder of Wyman Street Advisors brokered the lease for Hobbs Brook. Jason Fivek and Brendan Cohn of JLL represented Cambridge Sound.

Cross Insurance has renewed its lease for 13,126 s/f at 401 Edgewater in Wakefield. Borgman represented Hobbs Brook. Dan Collins of Colliers International served as the broker for Cross Insurance.

Marken & Forcier Financial, LLC renewed their lease at 303 Wyman in Waltham, for 1,899 s/f for three years. Borgman served as the broker for Hobbs Brook.

Odyssey Systems Consulting Group renewed its lease at 201 Edgewater in Wakefield for five years. The 16,900 s/f renewal was brokered by Batchelder of Wyman Street for Hobbs Brook and Mike O’Leary of Cushman & Wakefield for Odyssey.

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