News: Front Section
Posted: December 11, 2015
Coakley and Ross of Cresa Boston handle 13,000 s/f office relocation
93 Worcester Road - Wellesley, MAWellesley, MA John Coakley and Dave Ross of Cresa Boston recently represented Pearl Meyer & Partners in a 13,000 s/f office relocation to 93 Worcester Rd.
Pearl Meyer & Partners, founded in 1990, is an independent compensation consultancy firm with eight locations in the United States and one in London. The firm previously occupied 25,000 s/f at 132 Turnpike Rd. in Southborough, Mass. According to the firm, the decision to right-size and relocate resulted from the need for a more efficient footprint in a Boston-area location closer to the homes of present and future employees.
Amy Braun and Barry Dube from Cresa’s project management group oversaw the buildout of the new space.
The landlord, Commonwealth Partners, was represented by Transwestern RBJ.
John Coakley, Cresa Boston
David Ross, Cresa Boston
According to Coakley, the client’s desired location—near the intersection of the Mass Pike and Rte. 128–presented a challenge as there is a great demand in that area for class-A office space and only a few options. He says that Cresa found two potential sites and was able to favorable terms for Pearl Meyers & Partners.
The company will occupy a portion of the four-story, 270,000 s/f, class A office space, where employees can enjoy amenities such as a cafeteria and fitness center.
Cresa, based in Boston, is one of the world’s largest corporate real estate advisory firms that exclusively represents tenants and occupiers, serving more than 60 markets in North America as well as more than 75 markets worldwide.
Cresa specializes in the delivery of conflict-free, integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Corporate Solutions, Site Selection, Lease Administration, Capital Markets, Mission-Critical Solutions, Relocation Management, and Facilities Management. For more information, visit www.cresa.com.
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