Campanelli has signed a 2,600 s/f lease at 300 Crown Colony, bringing total occupancy at the 118,000 s/f asset to 100%.
New building tenant, Cambridge Savings Bank (CSB), a Cambridge-based, full-service financial institution currently operating 16 banking centers from Acton to Cambridge, executed a 2,600 s/f lease to create its first south shore residential mortgage lending office. The move occurred in late March.
In collaboration with Steve Murphy, partner at Campanelli, the Colliers International (Colliers) team of Jim Elcock, David Goodhue and Caleb Hudak serve as the exclusive leasing agent for the property.
"We have enjoyed banking with CSB for decades and are proud to add them as our newest tenant at 300 Crown Colony," said Murphy. "They will be a great addition to the tenant mix."
Since purchasing 300 Crown Colony in early 2010, Campanelli, with Colliers as its exclusive representative, has completed a total of 43,256 s/f in lease transactions, increasing occupancy levels from 73% to 100%. The property has attracted seven new tenants with three renewing commitments.
Located in the premier Crown Colony Park at the intersection of I-93 and Rtes 128 and 3, 300 Crown Colony is a five-story, class A office building. The property features 25,000 s/f floor plates, ample parking and a five-story atrium. Recent capital improvements include a newly designed conference facility and Café 300, a full-service café and corporate caterer.
Immediate highway access via recently completed access ramps and complimentary shuttle services to the Quincy Adams MBTA station and commuter rail make Crown Colony an ideal location for commuters. Additional Crown Colony Park amenities include the Boston Marriott Quincy hotel and restaurant, as well as a Bright Horizons daycare facility. Corporate tenants include State Street Bank, Harvard Pilgrim Health Care, Arbella Insurance Company and Boston Financial Data Services.