Grubb & Ellis Co. represented Cambridge Hanover in the lease of 10,000 s/f of Class A flex/production space at Bunker Hill Business Center to FedEx Office.
The new lease represents a relocation of FedEx Office's central processing center in Boston's Kendall Sq. The center services commercial accounts and FedEx Office retail locations. Grubb & Ellis' Paul Delaney, senior associate, Office Group, facilitated the transaction on behalf of the landlord, while John Cremmen of Jones Lang LaSalle represented the tenant.
Bunker Hill Business Center is a 54,000 s/f Class A flex/office and production facility situated between Bunker Hill Community College and The Hood Business Park.
The FedEx Office lease will kick off a repositioning of the building from a warehouse to a Class A flex building with new 10' x 10' aluminum and glass windows, expanded parking layout with all new paving and new entrance and landscaping.
FedEx Office will occupy the facility when renovations are completed this fall.
The park is located near Boston's CBD, Somerville and Cambridge, and offers highway visibility and access to I-93 and I-90.