News: Front Section
Posted: January 13, 2010
GHD and Vanasse sign leases totaling 10,390 s/f at N.E. Business Center
On behalf of New Boston Fund, an independent, privately owned real estate investment manager, CB Richard Ellis/New England signed two leases totaling 10,390 s/f at New England Business Center, a three-building 248,000 s/f master-planned office park. Joining the property will be GHD, an international engineering firm, which will occupy 2,142 s/f on the second floor of 35 New England Business Center. At 10 New England Business Center, Vanasse & Associates - a New England based traffic engineering, transportation planning and highway design firm - will extend its lease for 8,247 s/f. CBRE represented the ownership, New Boston Fund, in both transactions while also representing GHD in its long-term lease; Quincy-based Dickinson Development represented Vanasse & Associates, Inc.
"We're pleased to have attracted and retained two excellent tenants here at New England Business Center," said Paul Stuart of New Boston Fund. "These decisions speak to the park's excellent location, top tenant amenities and strategic location in the Route 495 North Submarket."
The CBRE team of Jason Levendusky, first vice president, Kerry Olson, vice president, and Robert LeClair, associate, represented New Boston Fund and GHD in the transactions. Mark Dickinson of Dickinson Development represented Vanasse & Associates, Inc.
Built in 1998, 35 New England Business Center offers over 85,500 s/f of class A office space in addition to an on-site daycare, fitness facility and cafeteria. 10 New England Business Center, built in 1989, offers over 88,000 s/f of class A office space and features granite floors, carpeting and mahogany trim. A full-service Marriott Courtyard and Wyndham Hotel are located next door. Both buildings are situated within the expansive New England Business Center office park which sits on 42 acres of land and features views of the Merrimack River and natural wooded surroundings.
New England Business Center is situated adjacent to I-93 just two miles from I-495.
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