
April 15, 2010 -
Front Section
Cushman & Wakefield has represented Griffith Properties in Cbeyond's seven-year lease of 20,125 s/f of office space at 1 Burlington Woods in the Burlington Woods Office Park.
Griffith Properties was represented by Cushman & Wakefield's executive director Mark Roth and associate Michael Moynahan. Cbeyond was represented by CB Richard Ellis' Chris Tosti.
Cbeyond's suite at 1 Burlington Woods will serve as a sales and service location
"We were enthusiastic about competing for this leading-edge technology company" said Tod Brainard, principal at Griffith Properties. "Burlington Woods has an outstanding location which offers great access, highway visibility and an abundance of amenities that companies need to attract quality employees. Additionally, this lease signing validates our significant renovations to the lobby, common areas and perimeter window line in 1 Burlington Woods."
Cbeyond, Inc. (NASDAQ: CBEY) is a leading business phone service (VoIP), broadband Internet, mobile voice and data, and IT application service provider built exclusively to serve the communication needs of small businesses. The company is headquartered in Atlanta, GA.
About Cushman & Wakefield
Cushman & Wakefield is one of the world's largest commercial real estate services firms. Founded in 1917, the firm has 231 offices in 59 countries, and 15,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. For the New England area, Cushman & Wakefield maintains offices in Boston, Massachusetts; Manchester, New Hampshire; Hartford and Stamford, Connecticut; and Portland Maine. To find out more about Cushman & Wakefield, please call 617.330.6966, or visit the firm's Web site at www.cushwake.com
About Griffith Properties
Griffith Properties LLC was founded in 2002 by J. Brad Griffith. The company invests in enhanced value-added office and R&D assets in the markets between Boston and Washington, DC. Griffith Properties has raised and invested two commingled funds to pursue real estate investments in partnership with institutional investors and high net worth investors. Other greater Boston assets include Ballardvale Office Park, a 550,000 SF office park in Wilmington MA and HarborSouth Tower, a 204,000 SF office tower in North Quincy that recently achieved 90% occupancy after signing a 114,000 SF lease with the State of Massachusetts.
Chris Tosti, CB Richard Ellis