News: Owners Developers & Managers

McKinnon of The Grossman Cos. negotiates 25,500 s/f lease for landlord

One of this year's largest air/freight leases near Logan Airport has been signed. Agility Global Integrated Logistics has expanded its local presence with its recent lease of 25,500 s/f at 290 McClellan Highway (Rte. 1A). The location is one of the closest air/freight facilities to Logan International Airport and is minutes from downtown and major highways. Richard McKinnon, director of brokerage services for The Grossman Companies, Inc., negotiated the lease, and is the exclusive broker for the landlord, 310 McClellan Highway LLC. The tenant was represented by Paul Delaney of Grubb & Ellis. The company had leased space for several years at the adjacent 310 McClellan Highway. The new home offers 5,000 s/f of office space, 27 cross-docks and 16' clear height. Agility with $6.8 billion in annual revenue with offices in 120 countries and operates an 8,000 vehicle fleet. The company has been chosen to handle logistics for the Commonwealth Games in Delhi later this year and the London Olympic Games in 2012. Agility's former space at 310 McClellan Highway, 16,175 s/f, is now available and is also represented by McKinnon. The property includes 4,000 s/f of office space, 13 tailboards, a drive-in ramp and 18' clear height. The Grossman Companies, Inc., offers a full range of brokerage services, with a focus on sales and leasing of commercial property throughout New England.
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