NKF negotiates 59,100 s/f of new leases at Wells Park for Jumbo Capital

Newton, MA Newmark Knight Frank (NKF)  completed three new leases to Karyopharm Therapeutics, Tucker, Saltzman, Dyer & O’Connell, & RSM totaling 59,100 s/f at Wells Park. NKF managing director Matt Malatesta, executive managing director Mark Roth, managing director Brendan Daly and associate Brianna Piacitelli represented the property owner, Jumbo Capital and Angelo Gordon, in the lease negotiations. 

Headlining the recent activity were two subsequent expansions and extensions by Karyopharm Therapeutics, Inc., totaling 51,000 s/f, bringing its footprint in the park to over 95,000 s/f. 

Additionally, Tucker, Saltzman, Dyer & O’Connell, a litigation firm signed for 4,200 s/f, and RSM, a mathematics learning academy serving grades K-12, signed for 3,900 s/f, both at 199 Wells Ave. 

Brendan Cohn and Jason Fivek of JLL represented Karyopharm, Tom Robinson of CCA Advisors represented Tucker, Dyer & O’Connell and Matt Perry of CRE 128 represented RSM in the negotiations. 

Located in the N2 Innovation District, Wells Park is a recently renovated 370,000 s/f office campus. It was purchased and rebranded by Jumbo Capital and Angelo Gordon in 2016, and since then extensive renovations have been completed, including both interior and exterior improvements to the park. Ownership’s recent renovations include all new activated lobbies, along with new outdoor amenities including bocce courts and seating on the main lawn. Additional improvements include a new full-service café, ‘grab n go’ food and beverage stations, bike storage, a fitness center, electric car charging, conference and meeting space as well as covered parking. 

“We are pleased with the recent activity at Wells Park,” said Malatesta “Ownership’s capital improvement plan created a connected, amenity rich campus that appeals to businesses focused on recruiting and retaining top talent. The renovations, along with Jumbo Capitals dedication to tenant satisfaction, led to our recent leasing success at the campus.”