News: Owners Developers & Managers

New Boston Fund executes two leases totaling 4,659 s/f at New England Business Center

On behalf of New Boston Fund, Inc., CB Richard Ellis completed two leases totaling 4,659 s/f at 10 New England Business Center. New Boston Fund has owned and managed the three-story 88,024 s/f office building since December of 2005. Two office deals, one lease renewal and one new lease respectively, were facilitated with Melanson Heath & Company for 2,871 s/f and SNI Companies for 1,788 square feet. "SNI Companies will be an excellent addition to our roster of tenants and we are pleased that they have signed a long-term lease," said CBRE's Kerry Olson. "On top of that, we are thrilled to have Melanson Heath & Company continue to call 10 New England Business Center home - their decision to renew the lease illustrates the value and benefit for tenants at New England Business Center." The CBRE team of Kerry Olson, vice president, and Robert LeClair, associate, represented the landlord in the transaction. SNI Companies, a provider of recruitment and staffing services, was represented by Colliers Meredith & Grew's Chris Lawrence and Brian Tisbert. Melanson Heath & Company, a regional accounting and management firm, renewed their lease at the building and was represented by Tyler Ewing of Grubb & Ellis. 10 New England Business Center is part of a three-building, 248,000 s/f, master-planned office park. The park encompasses 42 acres of land and features views of the Merrimack River and a natural wooded surrounding. Amenities include a daycare, a cafeteria and a fitness room with a full-service. Marriott Courtyard Hotel and Wyndham Hotel are adjacent to the office park. New England Business Center is ideally situated at the junction of I-93 and River Rd. and is just minutes from Rtes. 495 and 128.
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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