News: Owners Developers & Managers

McGuire and Fenlon of CB Richard Ellis collaborate for 28,170 s/f renewal

According to KS Partners, LLC, one of Greater Boston's largest landlords, it has renewed a lease with RCN Metro for 28,170 s/f of executive office space at its 2200 West Park Dr. building. RCN Metro is a premier provider of high-capacity transport services for carriers as well as large and medium-sized businesses. RCN Metro offers a comprehensive suite of services including: Ethernet, SONET, Wavelength Services, Video Transport, Internet and more. Robert McGuire Sr. of CB Richard Ellis/New England Suburban Brokerage represented the landlord, KS Partners, LLC. Brad Fenlon of CB Richard Ellis New Jersey represented the tenant, RCN Metro. Glenn Roberts of Fenway Equities LLC, KS Partners leasing representative worked closely with both CBRE New England and CBRE of New Jersey to bring the deal together. "KS Partners LLC is pleased that RCN Metro has decided to continue its relationship with KS Partners at 2200 West Park Dr. in Westborough. We look forward to keeping them as a valued tenant for an additional five years," adding that, "this is a significant renewal transaction in the Boston Metro-West market; it secures a valuable occupancy in a highly competitive environment." RCN Metro entered into a five year lease with KS Partners. KS Partners LLC is a commercial real estate owner and property management company which owns and manages income producing real estate assets in the Northeast. The KS Partners portfolio strives for value appreciation through the capitalization of improved leasing, repositioning or redevelopment opportunities.
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Barnat Development begins work on Phase II of Holmes Beverly - construction led by NEI General Contracting

Beverly, MA Barnat Development has begun construction on Holmes Beverly Phase II, adding 52 apartment homes adjacent to the existing development near the Beverly Depot MBTA commuter rail station. The project is financed through the newly launched Holmes Opportunity Zone Fund, focused on investing in new multifamily construction projects across New England. $10 million of Holmes OZ Fund equity is paired with $21 million in long-term
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