Intrepid Labs has executed a new 10,500 s/f office lease for the entire fourth floor of the American Twine Office Park located at 222 Third St. Senior vice president Tad Lee of Colliers International represented landlord, Transatlantic Investment Management, Inc., in negotiations with Intrepid Labs.
"The character of the building and the exposed brick and rafters within the space offer unique elements that directly mesh with our image and culture," said founder Mark Kasdorf of Intrepid Labs. "Colliers and Transatlantic were both very responsive and pleasant to deal with throughout the transaction. We couldn't be happier with the outcome."
"We believe that the space requirements of the modern knowledge worker span the range from traditional office to virtual office. We are excited to have Intrepid Labs as a tenant in our building, giving us the opportunity to offer a collaborative workspace option at a building that has a long history of providing the first 'home' for many startups," said Anthony Goschalk, president of Transatlantic.
American Twine Office Park is a four-story, 114,364 s/f office building located in the Kendall Sq. The location provides access to public transportation, shops, restaurants, hotels, as well as easy access to downtown Boston and Logan Airport. The building features a shared conference room, shower facilities, and an on-site café. The property is 100% leased.
About Intrepid Labs
Intrepid Labs is opening its doors on December 1, 2011 as an alternative work space for venture, seed, and post revenue companies. Intrepid caters to companies with 5 to 25 employees that need the flexibility to move out or double team size overnight. Everything is month to month with no long-term leases to ensure our clients are here because they want to be, not because they have to be. It is a co-working center with fast internet, plenty of conference rooms and phone booths, and great food.
About Transatlantic Investment Management, Inc.
Transatlantic Investment Management is a family-owned investment and property management company located in Boston, Massachusetts. The principals of the company have a broad base of experience in both real estate and general business management. Principals in the company have had over 40 years of experience in real estate, as well as high technology and management consulting. Transatlantic Investment Management is highly experienced in "hands on" management. Its tenant base has included the very largest of Fortune 500 companies to small start-ups. The company's mission is the care and attention of a family business coupled with the sophistication, professionalism and use of modern technology demanded by its tenants, investment partners and service clients. Transatlantic Investment Management and its affiliated companies own and manage $75 million in real estate in the United States.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. A subsidiary of FirstService Corporation, it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.
Colliers International's Boston office has been providing its clients with innovative real estate solutions for over 130 years. In addition to its full platform of integrated services, it is one of 21 owner/members of Strategic Alliance Mortgage (SAM). SAM's goal is to combine local entrepreneurial expertise with a nationwide network to deliver the very best capital markets execution and alternatives to its clients.