Braintree, MA Transwestern represented Sun Life Financial Inc. in two leases totaling 46,334 s/f at 300 Granite St. Robert Byrne, senior vice president, and Chris Mullen, vice president, brokered the leases, bringing the building to 82% occupancy.
“Fidelity Investments’ decision to depart 300 Granite St. opened up space in one of the most recognizable and attractive buildings in the market,” said Byrne. “We were determined to secure leases with credit-worthy tenants that would benefit from the building’s signage opportunities, retail presence and extensive renovations to the lobby and common areas.”
Liberty Bay Credit Union signed a new, 31,130 s/f lease for its corporate headquarters and primary banking branch on the building’s third and first floors. Liberty Bay, which is moving from the adjacent 350 Granite St., was represented by Michael Frisoli and Peter Whoriskey of Newmark Grubb Knight Frank.
Altra Industrial Motion Corp. renewed and expanded its corporate headquarters lease on the second floor to bring the company’s total lease to 15,204 s/f. Altra was represented by John Dolan of McCall & Almy.
300 Granite St. is a four-story, 89,466 s/f, class A office building located at the intersection of Rtes 128 and 3, adjacent to the South Shore Plaza. In addition to a full-service cafeteria at the property, nearby amenities include restaurants, retail and hotels.
According to Transwestern research, the Rte. 128 South submarket consisted of 12.4 million s/f of office space with 11.3% vacancy at the close of fourth quarter 2016.
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2016, the Sun Life Financial group of companies had total assets under management of $908 billion.
In the United States, Sun Life Financial is one of the largest group benefits providers, serving more than 60,000 employers in small, medium, and large workplaces across the country. Sun Life’s broad portfolio of products and services in the U.S. includes Disability and Absence Management, Life, Dental and Vision, Voluntary, and Stop-Loss insurance. This includes the acquisition of Assurant Employee Benefits in Q1 2016.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate.
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