CB Richard Ellis/New England, a joint venture partner with CB Richard Ellis, has negotiated a new 41,200 s/f lease with Crowe Paradis Services Corp. at 400 Riverpark Dr. CBRE represented the ownership, a joint venture affiliate of Taurus Investment Holdings and DivcoWest, while Richards Barry Joyce & Partners represented Crowe Paradis Services, a national Medicare Set Aside/MSP compliance company.
400 Riverpark Drive is a 150,000 s/f class A office building located in the Riverpark Office Park, a seven-building, 1 million s/f office/industrial complex located adjacent to I-93. The four-story building was built in 1992 and renovated in 1997 and was acquired by the joint venture in 2008. Crowe Paradis Services Corporation will occupy the building's fourth floor.
The CBRE team of David Pergola Sr., executive vice president/partner, Mark Reardon, executive vice president/partner, and Jason Levendusky, first vice president, represented the ownership in the transaction. The RBJ team of Brian McKenzie, partner, and James Lipscomb, senior vice president, represented Crowe Paradis Services Corp.
Taurus Investment Holdings, a leading owner-operator of directly managed and joint venture commercial real estate, has purchased and sold more than 20 million square feet of office, industrial, retail, residential and hotel assets. The firm maintains 14 offices throughout the United States and seven around the world. DivcoWest, headquartered in San Francisco, is a fully integrated real estate investment and management firm. The company offers services in sourcing, structuring, acquisition, development, redevelopment, management, leasing and sales. DivcoWest is also among the nation's leading advisors and landlords for the fastest-growing technology companies in the United States.