Newton, MA Newmark Grubb Knight Frank (NGKF) has been appointed as the exclusive leasing agent for 7/57 Wells Ave. and 75/85/95 Wells Ave., formerly known as Wells Center. Recently acquired by Jumbo Capital & Angelo Gordon, the 330,000 s/f, two-building office campus will undergo an extensive renovation and will be re-branded as Wells Park.
NGKF’s Matt Malatesta, managing director, Mark Roth, executive managing director, Brendan Daly, managing director, and Blake McLaughlin, associate director, will lead the brokerage team assigned to lease the properties.
Located in the N2 Corridor, Wells Park is comprised of 7/57 Wells Ave., an 89,048 s/f office property and 75/85/95 Wells Ave., a 240,626 s/f office property. Both class A office buildings were purchased by Jumbo Capital & Angelo Gordon in March.
and the firm will be completing significant renovations as part of the investment. Interior and exterior improvements of the park will create a connected, amenity rich campus that will appeal to businesses focused on recruiting and retention of talent. Improvements will include upgrades to the café, fitness center and 80 person conference facility as well as outdoor patio seating, bocce courts and brand new, activated lobbies and common areas. The renovations to Wells Park are scheduled for completion by August.
“Wells Park offers tenants a great opportunity to lease newly upgraded, creative office space within the highly sought after N2 corridor” said Malatesta. “Once renovated by Jumbo Capital, Wells Park will offer the best combination of scale, amenities and location.”
“We’re excited to partner with NGKF on this project given their local expertise and deep experience as a team. We’ve seen tremendous tenant activity already and a very positive response to our plans for extensive renovations,” said Jay Hirsh, managing partner and co-founder of Jumbo Capital.
Wells Park is situated on Charles River conservation land, located less than one mile from the new Kendrick Street interchange off Rt. 128. The offices are currently 89 percent occupied, with tenants including appliance maker SharkNinja, data storage giant EMC Corp. and independent retirement and college savings service provider Acensus.