News: Owners Developers & Managers

Cronin of Lincoln Property Company brokers 10,600 s/f lease to Arborway Imports at 141 Middlesex Tpke.

Rob Cronin, vice president with Lincoln Property Company, assisted Arborway Imports with an extensive north suburban market survey and analysis, which resulted in a five-year lease for 10,600 s/f at 141 Middlesex Tpke. "The Berman Company and Arborway Imports worked very well together in pulling together this lease agreement. In the end, it was a great fit for both parties and LPC appreciates the chance to have worked with them both," said Cronin. 141 Middlesex Tpke. is a 55,500 s/f flex building located less than a mile from Rte. 128/I-95 and Rte. 3 and is located directly across from Northwest Park. During this analysis, Arborway considered spaces ranging geographically from Allston to Wilmington, but decided on Burlington due to the highway access, proximity to its current Arlington space and the competitive terms put forth by the landlord, The Berman Company. The deal was further facilitated due to the impressive record of the owner of 141 Middlesex Tpke. as a landlord in the market. The full service commercial real estate company, Lincoln Property Company, represented both the landlord and the tenant in the transaction.
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Marlborough, MA BGO, a leading global real estate investment manager, and Seyon, a Boston-based, vertically integrated investor, owner and operator of industrial real estate, have completed the acquisition of a two-building, 134,413 s/f industrial portfolio.
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