Daniels, Decembrele and Whipple of JLL broker 50,500 s/f office lease

January 29, 2015 - Front Section

300 Jubilee Drive - Peabody, MA

Matt Daniels, JLL

Christopher Decembrele, JLL

Brookwood Financial Partners, LLC, a leading real estate investment and asset management company, announces that Barton Associates has signed a long-term lease for 50,500 s/f of first class office space at 300 Jubilee Dr. The space will serve as Barton's new corporate headquarters. JLL managing director Matt Daniels, senior vice presidents Christopher Decembrele and Andrew Whipple represented the landlord. Demetri Koutrouvelis from Savills Studley negotiated on behalf of the tenant.
Barton Associates, a leading national locum tenens staffing and recruiting company for physicians, physician assistants, and nurse practitioners, is relocating from Dearborn Rd. The firm will begin occupancy in March.
According to JLL's Decembrele, "After what we understand to have been a lengthy property search process, we are delighted to accommodate Barton's requirement/expansion at 300 Jubilee Dr. A tenant of this calibre is highly sought after in this market, and we are happy to provide them with the first class image they we looking for. Being able to satisfy Barton's unique space and building requirements specific to their operation is truly what separated 300 Jubilee Dr. from the rest of the market."
300 Jubilee Dr. is a 163,000 s/f first class office and warehouse building in Centennial Park directly off Rte. 128. It is a quarter mile from the I-95 and Rte. 128 interchange. The anchor tenants are Thermo Fisher Scientific and International Transportation Group. With this latest transaction to Barton Associates, the Brookwood- owned asset will now be 88% leased to three unique tenants.
"We are thrilled to be bringing Barton Associates to 300 Jubilee Dr." said Brookwood senior managing director Kurt Zernich. "They are a dynamic and fast-growing company. The space, which spans two floors and boasts an expansive atrium and floor-to-ceiling window line, is the perfect fit for their new headquarters location."
Brookwood is a Mass.-based private investment firm founded in 1993 that specializes in acquiring and managing commercial real estate and corporate securities on behalf of a select group of institutional and high net worth investors, family offices and trusts. Since its inception, Brookwood has invested over $640 million of equity to acquire a portfolio of 142 assets with a realized and unrealized value in excess of $1.7 billion that has spanned multiple asset classes, geographical markets and industries across the United States.
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