On behalf of an affiliate of Intrum Corp., CBRE/New England completed a new lease at 300 First Ave. Interface Operations, LLC will occupy 25,243 s/f at the property immediately.
As exclusive leasing agent for the asset, CBRE/NE's Robert Kinlin, Matt Siciliano and Andy Majewski represented the landlord and procured the tenant.
"We are excited to accommodate Interface Operations, LLC at 300 First Avenue," said Kinlin, vice president of CBRE/NE's suburban brokerage team. "Interface bought into the vision being created at 300 First Ave. With construction underway, we are starting to see the building's transformation into the premier class A office building in the Newton/Needham submarket."
300 First Ave. is a 80,000 s/f building with Rte. 128/ I-95 frontage.
About Intrum Corp.
Acquired by an affiliate of Intrum Corp., a Newton-based boutique commercial real estate management and development firm. Intrum's current portfolio includes significant CRE holdings in the Newton, Needham, Wellesley and Natick areas as well as several other surrounding Greater Boston communities. Intrum affiliate entities have acquired, developed by renovation or new construction various office, retail, industrial and R&D properties exceeding a total of over 1,000,000 s/f. Recently, the company has focused on repositioning several office building within the NEBC and Wells Office Park making 300 First an ideal addition to its local office portfolio—those buildings consistently maintain 95% occupancy. Intrum prides itself on its first-class attention to details and it proactive "hands on" approach to management.