News: Owners Developers & Managers

Weber, Cameron and Pearce of Newmark Grubb Knight Frank arrange 18,362 s/f in leases

52-56 Roland Street - Charlestown, MA

Charlestown, MA According to Newmark Grubb Knight Frank (NGKF), senior managing directors Ryan Weber and Jason Cameron, along with director Joe Pearce, completed four leases totaling 18,362 s/f at RS56 (52-56 Roland St.) on behalf of their client Paradigm Properties, a Boston-based commercial real estate investment and management firm.

Jason Cameron, Newmark Grubb Knight Frank Jason Cameron, Newmark Grubb Knight Frank

The recent transactions completed by Weber, Cameron and Pearce at RS56 include:

• 7,871 s/f lease to par8o, a national leader in referral management solutions;

• 5,656 s/f lease to HAKS Engineering, P.C., a full-service consulting engineering firm;

• 1,357 s/f lease to Global Research Innovation and Technology, Inc. (GRIT), a social enterprise start-up based in Cambridge; and

• 3,478 s/f lease to Sproxil, Inc., a global brand protection specialist company.

RS56 is a three building, multi-tenant class B office/flex property containing 155, 000 s/f of net rentable area on a 4.476 acre parcel of land.

Joseph Pearce, Newmark Grubb Knight Frank Joseph Pearce, Newmark Grubb Knight Frank

The majority of the land is in the Charlestown neighborhood of Boston, and the balance is in Somerville. The building features non-traditional office finishes, collaborative open team space, an abundance of natural light, free parking, fitness facilities, an outdoor courtyard and is within walking distance of the MBTA orange line. In addition, the area provides a robust array of amenities including an eclectic mix of restaurants and retail such as banks, a post office, gas stations, and shopping in Union Sq. and Assembly Sq..

“We are excited to be adding four more innovative companies with Cambridge roots to the RS56 portfolio of tenants,” said Weber. “The building offers companies the opportunity to occupy fully-renovated, brick and beam office space in a convenient setting and location. These recent lease signings further prove that RS56 is a great solution for growing companies looking for high-quality office space at an affordable rate with flexible terms.”

Ryan Weber, Newmark Grubb Knight Frank Ryan Weber, Newmark Grubb Knight Frank

“In addition to the leasing activity the completion of various interior and exterior renovations have been well received in the market,” said, John Caldwell, president of Paradigm.

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