News: Owners Developers & Managers

Colliers International represents Wolters Kluwer in lease expansion to 132,000 s/f at 230 CityPoint

230 CityPoint - Waltham, MA

Waltham, MA Colliers International recently has advised global information services organization, Wolters Kluwer, in a 20,000 s/f expansion of its existing office space at 230 CityPoint, bringing its total footprint to 132,000 s/f. 

Led by Colliers’ vice chair James Elcock, executive vice president John Carroll and senior vice president Bill Lynch, alongside Colliers New York’s vice chairman Mark Friedman, Wolters Kluwer’s need for additional space was prompted by the success and subsequent growth of Wolters Kluwer Health division’s UpToDate, Inc., a software system providing point-of-care medical and evidence-based clinical resource solutions. 

“Wolters has been incredibly happy with its experience at 230 CityPoint to date and specifically with landlord, Boston Properties,” said Elcock. “In signing their initial lease back in 2014, Wolters selected Boston Properties as a partner knowing they were committed to accommodating growth throughout the term, so BP’s support in this latest expansion did not disappoint.” 

Despite limited vacancy in the building, Colliers and Boston Properties were able to identify a solution allowing the UpToDate group to backfill space soon to be vacated by Morse, Barnes-Brown & Pendleton PC. 

“It’s a mutually beneficial arrangement for Wolters and Boston Properties,” said Carroll. 

“Wolters is excited to continue its growth trajectory in a building and area supported by first-class amenities essential to its employee recruitment and retention initiatives.”

MORE FROM Owners Developers & Managers

Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The legislature has spoken:  New Hampshire doubles down on housing in commercial zones - by John Sokul

The legislature has spoken: New Hampshire doubles down on housing in commercial zones - by John Sokul

Last year, the New Hampshire Legislature enacted HB 631, a landmark housing measure requiring municipalities to permit multifamily housing in commercially zoned districts. The law generated
IREM president’s message:  Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas

Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala

Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
Revitalized Town Centers:  Retail??? - by Carol Todreas

Revitalized Town Centers: Retail??? - by Carol Todreas

It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains