News: Front Section

Reardon and Allee of CBRE represent K1 Speed Inc. in 75,000 s/f lease

Wilmington, MA According to CBRE/New England, K1 Speed, Inc. leased 75,000 s/f at 40 Fordham Rd., from The Wilmington Realty Trust.

CBRE/NE’s Mark Reardon, with assistance from Lannie Allee in CBRE’s San Diego office, represented K1 Speed in the transaction. Colliers’ Greg Klemmer, Tim Brodigan and Rob Glor represented The Wilmington Realty Trust.

40 Fordham Road - Wilmington, MA 40 Fordham Road - Wilmington, MA

“With the great success we have had in Kingston, finding a central, convenient location for a track north of Boston became our next goal,” said Susan Danglard of K1 Speed. “The space in Wilmington was ideal because we can not only attract from Burlington and Andover, but also from the North Shore.”

“Because of the type of business, K1 Speed’s requirements were very specific and 40 Fordham Rd. was ideal for their next track,” said Reardon. “This was a great opportunity to help K1 Speed continue its national expansion and to help them introduce this great entertainment concept to more people in the Boston market.”

Mark Reardon, CBRE Mark Reardon, CBRE

Founded in Carlsbad, CA in 2003, K1 Speed is a chain of indoor kart racing tracks with locations across the United States. This is the second location the company has opened in the Greater Boston market and 33rd location in the nation.

N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
5 Questions to ask when  choosing a real estate broker - by Elizabeth Perez Barlett

5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett

>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.