News: Owners Developers & Managers

Transwestern | RBJ broker 64,000 s/f lease to Morpho Detection LLC

According to Transwestern | RBJ, Morpho Detection LLC has leased the entire 64,000 s/f building at 23 Frontage Rd. Transwestern | RBJ partners John Wilson, Brian McKenzie and James Lipscomb, along with leasing associate Jared Pimm, represented the building owner, RJ Kelly Co., in the 10-year lease. The explosives, narcotics and chemical detection systems manufacturer was represented by Joseph Doyle, Joseph Sciolla and Matt Quinlan of Cresa Boston and Scott Finegold of Finegold Commercial Real Estate. "We are excited to see this property come into its full capacity," said Lipscomb. "RJ Kelly put substantial time and capital into the building, so it's very rewarding to see the fruits of that labor. This lease is the cap on this property's impressive turnaround." RJ Kelly acquired the building in 2011 and launched a significant renovation and repositioning process, ultimately securing LEED certification. "When we acquired 23 Frontage Rd., we could see its considerable potential," said Scott Kelly, a principal at RJ Kelly. "It has an excellent location and provides possibly the best visibility in the I-495 North submarket. The glass atrium lobby we added to the building is eye-catching to any passing car. We saw this as an ideal single-tenant building and worked with the Transwestern | RBJ team to find the right fit."
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Colwen Hotels celebrates opening of the first hotel in Portland’s Thompson’s Point - Residence Inn by Marriott and Moxy Hotel

Portland, ME Colwen Hotels celebrated the opening of Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, the first hotel in the city’s Thompson’s Point district. Developed by XSS Hotels and managed by Colwen Hotels, the five-story, dual-branded property introduces 148 guestrooms to one of southern Maine’s fastest-growing waterfront destinations.
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