The Cambridge market group at Cresa Boston, Dan Sullivan, Adam Subber, Paul Delaney, and John Coakley, recently represented Hyperion Catalysis International, a subsidiary of Wellstat, in a 63,000 s/f lease renewal at 38 Smith Place. The location is the company's headquarters, providing office and R&D space for Hyperion.
The landlord, Peter Bekarian, was represented by Jones Lang Lasalle.
Hyperion, which has occupied this space since 1990, chose to renew the lease because of the operational efficiency, proximity to its workforce, and access to the amenities of the area.
Cresa, the nation's largest corporate real estate advisory firm exclusively representing tenants, is headquartered in Boston.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain, and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its alliance with Savills, one of the world's largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.