News: Front Section
Posted: October 16, 2015
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“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, CBREFounded 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.
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