News: Owners Developers & Managers

Teague and McGovern of Cassidy Turley broker 75,218 s/f lease on behalf of the landlord, CommonWealth REIT

Cassidy Turley has leased 75,218 s/f to Samsonite at 575 West St. for a renewal and expansion lease term of five years. Senior managing director, principal Sean Teague and associate Kate McGovern represented the landlord, CommonWealth REIT while Tom Kent and Sean Lynch of Jones Lang LaSalle represented Samsonite. 575 West St. is managed by Reit Management & Research LLC, Real Estate Services. 575 West St. is a two-story, 169,432 s/f office building. It is part of The Campus at Cabot Business Park, a three building, 41 acre site totaling 384,245 s/f (formerly the Motorola Campus). CommonWealth REIT (CWH) is a real estate investment trust, which primarily owns office buildings located throughout the United States. As of September 30th, CWH owned $5.6 billion of office buildings located in central business districts, or CBDs, and suburban areas of major metropolitan markets. CWH is headquartered in Newton, Massachusetts. Reit Management & Research LLC, Real Estate Services, also headquartered in Newton, Massachusetts, manages more than 98 million-square-feet of commercial office, industrial, and medical office buildings across the country. Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million s/f on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations.
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