Boston Realty Advisors (BRA) and Auburndale Realty Co., have recently completed two years of lease negotiations in the consummation of a dental practice to 822 Boylston St. Jeremy Freid, SIOR of BRA represented the landlord, Chestnut Equity Partners, LLC/Kamsha 1 LLC/Fiso 1 LLC and Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale represented the tenant, Hammond Pond Dental Associates (HPD). Nahigian served as HPD's exclusive tenant representative in the search of a new location consisting of approximately 7-8,000 s/f for a long-term dental location.
HPD engaged the engineering and space planning services of Golden Architects and the legal assistance of Robert Horgan, Esquire of Wellesley, as part of the negotiating team.
The asset manager for this project was Aegean Capital of Boston, representing the landlord and was the main contact for the landlord.
HPD is located in Chestnut Hill and desired to remain within a close radius of its current location to continue servicing its current patients and to be able to expand its practice. During the process, many locations were evaluated with several negotiating sessions. The opportunity arose at 822 Boylston St., for 7,199 s/f.
The tenant improvement work includes extensive interior and exterior building renovations to the common areas, exterior skin and the suite itself. HPD personnel includes dentists, dental assistants, hygienists and business staff. HPD was named by Boston Magazine as the "Best of Boston" profile in 2009.
HPD is one of the area's premier multi-specialty dental practices. Services include: cleaning and prevention, restorations, cosmetic dentistry, implants and periodontics, prosthodontics, sedation dentistry, orthodontics, endodontics and oral surgery. The staff is comprised of the most highly skilled and award-winning dentists in Chestnut Hill and the surrounding areas of Brookline and Newton.
The final permit was received during December, 2011 and work has begun during the Spring of 2012. Occupancy is expected in during the 2nd quarter of 2012.