Waltham, MA Hobbs Brook Management LLC has negotiated 18 new leases across its office parks in Mass., R.I., GA and Ill. Newly signed tenants represent 169,170 s/f of leased space, and the renewed tenants collectively occupy over 61,352 s/f. Below are a few of the new leases and renewals that include 90,101 s/f of space.
New Tenants:
• C-4 Analytics, an award-winning automotive digital marketing services firm that has a demonstrated record of helping dealers win more market share and improve their marketing, has signed a new lease at 701 Edgewater Dr. in Wakefield, Mass. The 40,520 s/f five and a half year-lease was brokered by Chip Batchelder of Wyman Street Advisors on behalf of Hobbs Brook, and Chris Decembrele of JLL represented C-4 Analytics.
• Narragansett Bay Insurance Company, a leading specialty underwriter of homeowners’ insurance products and services, has signed a 28,098 s/f new lease for 10 and a half years at 1301 Atwood Ave. in Johnston, R.I. Peter Hayes at Hayes & Sherry Real Estate Services served as the broker for Hobbs Brook and Karl Sherry at Hayes & Sherry represented Narragansett Bay Insurance.
Lease Renewals/Extensions:
• Applied Marketing Science (AMS), a leading-edge market research and consulting firm, has renewed its existing lease of 7,996 s/f at 303 Wyman St. in Waltham, for 11 years, and also expanded its office by 3,227 s/f. Bob Borgman of Wyman Street Advisors served as the broker for Hobbs Brook and Adam Schneier at Colliers represented AMS.
• Thrive Skilled Pediatric Care, a national provider of clinical home care for medically fragile children, has renewed its lease at 701 Edgewater Dr. in Wakefield, for 13,487 s/f, which also includes an expansion on the original lease of 2,281 s/f, for five years. Borgman of Wyman Street represented Hobbs Brook, and Julie DeSilva represented Thrive.
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and