Brickstone Square - Andover, MA
"We are pleased that Brickstone Sq. will continue to be the home of a number of existing tenants within the complex and we welcome new tenants," said Daniels. "Transwestern continues to offer an excellent economic package for both existing and new tenants. The team's ability to make quick decisions is a unique strength."
The transactions will bring five new tenants to the park. Federal Emergency Management Agency (FEMA) executed a 30,000 s/f lease to headquarter its response to regional flooding in early 2010. By Appointment Only executed a 26,700 s/ft lease to relocate from 30 Corporate Dr. in Burlington. Compliance Technologies, Inc. executed a 9,400 s/f lease to relocate from 4 Liberty Sq.in Boston. ArchiText and LeadBridge Partners LLC will lease 3,900 and 3,400 s/f, respectively.
Five tenants renewed commitments to Brickstone Sq. Genesis Healthcare renewed a 30,000 s/f lease. Schneider Electric recommitted for 13,450 s/f. Lease & Rental Management renewed a 10,700 s/f lease. AutoTrader.com, Inc., and RBC Wealth Management renewed leases for 8,900 and 2,900 s/f, respectively.
By Appointment Only was represented by Daniels and Andrew Whipple of Colliers Meredith & Grew. Patrick Buckley and Lawrence of Colliers Meredith & Grew represented Compliance Technologies. Schneider Electric was represented by Mark Reardon of CB Richard Ellis New England. Autotrader.com and RBC Wealth Management were represented by Robert LeClair, also of CB Richard Ellis.
Brickstone Sq. is a signature suburban business center with three first-class office and R&D buildings, totaling approximately one million square feet, in an attractive campus setting. Amenities include a 3,000 space parking facility, a 564 seat cafeteria, a fitness center, a Bright Horizons Family Solutions day care, 24/7 security, volleyball courts and on-site property management.
About Transwestern Investment Company
Founded in 1996, Chicago-based Transwestern Investment Company is a principal investment firm specializing in commercial real estate.The firm has invested in over 390 properties totaling $7.3 billion throughout the United States through its sponsored investment fund vehicles.The current equity portfolio includes 67 office, 9 industrial and 8 retail properties totaling 21.3 million square feet, as well as 10 multifamily assets with 4,800 units. Additionally, in the mezzanine investment area, Transwestern has made 65 loans totaling over $630 million in investments with 42 realizations to date. The firm's mezzanine investing is currently being done through Transwestern Mezzanine Realty Partners II, a $300 million institutional fund.
About Colliers Meredith & Grew
Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients through Colliers International, a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries.The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world's number two commercial real estate brand.
