Colliers Meredith & Grew Represents Acceleron Pharma in 19,711 SF Lease
May 6, 2009

Boston, Massachusetts — Acceleron Pharma, Inc., a biopharmaceutical company developing novel therapeutics that modulate the growth of tissues including bone, muscle, red blood cells and vasculature, has executed a new 19,711-square-foot lease for biotechnology laboratory space at 12 Emily Street in Cambridge, Massachusetts. Acceleron Pharma currently occupies a total of 75,000 square feet at 128 & 149 Sidney Streets, and will expand its Cambridge presence to 12 Emily Street in June 2009.

Colliers Meredith & Grew’s Joe Flaherty and Tucker Hansen represented Acceleron Pharma in the transaction. The landlord, the Massachusetts Institute of Technology, represented itself, with John McQuaid, Senior Real Estate Officer, and Patrick Rowe, Senior Investment Associate, handling the negotiations for the Institute. Specifics of the lease transaction were not disclosed.

12 Emily Street is a two-story, 30,000-square-foot flexible office/research and development building. Located two blocks from University Park at M.I.T. and in close proximity to the M.I.T. campus, 12 Emily Street is ideally situated within Cambridge’s thriving biotechnology community.

“The addition of the 12 Emily Street facility provides additional wet laboratory and administrative office space adjacent to our existing other two facilities and will help support our rapid growth,” said Nancy Sullivan, Senior Director of Operations for Acceleron.

Colliers Meredith & Grew Hired to Sell The Bartlett School in Waltham, MA
May 6, 2009

Boston, Massachusetts — The Bartlett School, a private elementary school educating children ages three to eleven in Waltham, Massachusetts, has engaged Colliers Meredith & Grew to assist in the disposition of the school’s 5.8-acre campus.

The school’s Board of Trustees voted on March 9, 2009 to close the school at the end of the current academic year due to a decline in the number of returning students.

Located less than one mile from Interstate 95 and Route 128, the two-building campus consists of a 50,156-square-foot, single-story brick school building with functional lower level and a 7,830-square-foot, state-of-the-art gymnasium constructed in 2004-2005. The Colliers Meredith & Grew team of Jim Elcock and Katie Barry will market the property to educational and institutional users. Potential uses for the property include single-family, municipal, educational, or family day care.

Altman Vilandrie & Company Subleases 16,189 SF at 53 State Street
April 3, 2009

Boston, Massachusetts — Altman Vilandrie & Company (AV&Co.), a strategy consulting firm focused exclusively on the communications, media and related technology and investor sectors, has subleased 16,189 square feet of office space from Hill, Holliday, Connors, Cosmopulos, Inc. at 53 State Street in Boston, Massachusetts. AV&Co. will relocate from its current Boston location at 2 International Place in May 2009.

Colliers Meredith & Grew’s Tad Lee and Leigh Freudenheim represented AV&Co. in the transaction. Jim Brady of Cushman & Wakefield, Inc. represented Hill, Holliday, Connors, Cosmopulos, Inc., the sublandlord. Specifics of the sublease transaction were not disclosed.

Alnara Pharmaceuticals Signs Lease at 840 Memorial Drive
April 2, 2009

Boston, Massachusetts — Alnara Pharmaceuticals, Inc., a pharmaceutical company developing novel, non-systemic orally-delivered protein therapeutics for the treatment of metabolic diseases, has executed a new 8,787-square-foot office/laboratory lease at 840 Memorial Drive in Cambridge, Massachusetts. The move occurred in January 2009.

Colliers Meredith & Grew’s Joe Flaherty, Tucker Hansen and Ben Coffin represented the landlord, The Abbey Group, in the transaction. Edward Fothergill and Dan Sullivan of CresaPartners represented Alnara Pharmaceuticals, Inc. Specifics of the lease transaction were not disclosed.

Built in 1980 and renovated in 2002, 840 Memorial Drive is a five-story, 130,000-square-foot first-class laboratory building located along the Charles River between Harvard University and Massachusetts Institute of Technology in Cambridge, Massachusetts.

Cushing & Dolan, P.C. Signs Lease at 375 Totten Pond Road
April 1, 2009

Boston, Massachusetts — Cushing & Dolan, P.C., a law firm specializing in estate planning, business law, and real estate law, has executed a new 8,125-square-foot office lease for its headquarters at 375 Totten Pond Road in Waltham, Massachusetts. The move is planned for April 2009.

The Colliers Meredith & Grew team of Elias Demakes, John Dolan and Joe Flaherty represented the landlord, Totten Pond, LLC, in the transaction. Cushing & Dolan, P.C. was represented by John Butterworth of CB Richard Ellis-New England. Specifics of the lease transaction were not disclosed.

Built in 2000, 375 Totten Pond Road is a four-story, 28,886-square-foot Class A office building located in Totten Pond Road Office Park, a four-building complex totaling 70,736 square feet in Waltham, Massachusetts. Situated at the corner of Totten Pond Road and Winter Street, Totten Pond Road Office Park offers easy access to Interstate 95 and Route 128.

Industrial Defender, Inc. Expands at The Campus at Chestnut Green in Foxborough, Massachusetts
March 24, 2009

Boston, Massachusetts — Industrial Defender, Inc., the global leader in Cyber Risk Protection™, has restructured its lease to expand its headquarters from 7,414 square feet to 20,270 square feet at The Campus at Chestnut Green in Foxborough, Massachusetts.

Colliers Meredith & Grew’s Executive Vice President James L. Elcock and Associate William C. Lynch represented Industrial Defender in the transaction. Associate Caleb Hudak of Richards Barry Joyce & Partners, LLC represented the landlord, VinCo Properties, Inc. Specifics of the lease transaction were not disclosed.

President and Chief Executive Officer of Industrial Defender, Inc., Brian Ahern stated, “I’m thrilled with our company’s growth and excited we are able to continue our expansion at Chestnut Green. Jim and Bill at Colliers Meredith & Grew greatly enhanced our position. They developed a distinct process and introduced creative ideas that allowed us to achieve all of our goals.”

Chestnut Green, the 93-acre redevelopment of the former Foxborough State Hospital, will include over 100,000 square feet of office space, 60,000 square feet of retail and over 200 housing units when complete.

“Chestnut Green has been able to accommodate Industrial Defender’s rapid growth and has proven a great solution in the marketplace,” said Elcock.

Colliers Meredith & Grew Brokers Sale of 85 Hayes Memorial Drive
March 3, 2009

Boston, Massachusetts — Colliers Meredith & Grew has successfully brokered the sale of 85 Hayes Memorial Drive in Marlborough, Massachusetts to a local investor for $2.1 million. The transaction closed on January 16, 2009. Senior Vice President Wayne Spiegel and Associates William C. Lynch and Timothy P. O’Brien of Colliers Meredith & Grew represented the seller, EPP Real Estate, LLC. Senior Associate Joel Aho of O’Brien Commercial Properties, Inc. represented the buyer.

Built in 1974 and expanded in 1998, 85 Hayes Memorial Drive consists of 28,000 square feet of warehouse and office space in Marlborough, Massachusetts. It is within close proximity to Route 495 and Route 20. The building is 100% leased to Diamond Machining Technology.

“Despite the scarcity of available financing and the economy being ‘shocked’ in the middle of the transaction, this deal was a win-win. The buyer is a local real estate investor who was financed by a local bank. EPP Real Estate, LLC capitalized on this opportunity to pursue an alternate investment strategy,” said Spiegel.

“With expertise and perseverance, the Colliers Meredith & Grew team guided us through tough economic conditions,” said Elizabeth P. Powell, Managing Member of EPP Real Estate, LLC.

Colliers Meredith & Grew Represents LightWedge, LLC in 5,500-Square-Foot Lease
February 24, 2009

Boston, Massachusetts — LightWedge, LLC, maker of innovative LightWedge® and Great Point Light® book lights and magnifiers, has executed a new 5,500-square-foot office lease for its headquarters at 320 Nevada Street in Newton, Massachusetts.

The Colliers Meredith & Grew team of John A. Carroll III, Elias T. Demakes and John F. Dolan III represented LightWedge, LLC and the landlord, One Nevada Realty Trust, in the transaction. Specifics of the lease transaction were not disclosed.

Located in Nonantum Office Park, 320 Nevada Street is a five-story, 86,000-square-foot office building in Newton, Massachusetts. The building is located less than one mile from the Exit 17 interchange of the Massachusetts Turnpike, offering excellent access to Boston, Cambridge and Route 128. Numerous amenities are within walking distance, including restaurants and convenience stores.

Colliers Meredith & Grew Represents LSI Corporation in 5,633-Square-Foot Lease
February 11, 2009

Boston, Massachusetts — LSI Corporation, leading provider of innovative silicon systems and software technology, has renewed its office lease at 114 Turnpike Road in Westborough, Massachusetts. Commencing March 1, 2009, LSI Corporation will occupy 5,633 square feet after downsizing approximately 4,000 square feet.

The Colliers Meredith & Grew team of Executive Vice President James L. Elcock, Associate William C. Lynch and Associate Timothy P. O’Brien represented LSI Corporation in the transaction. Associate Robert Byrne of Richards Barry Joyce & Partners represented the landlord, KBS Realty Partners. Specifics of the lease transaction were not disclosed.

Built in 1987 and renovated in 1995, 114 Turnpike Road is a three-story, 72,584-square-foot Class A office building located in Westboro Executive Park in Westborough, Massachusetts. In 2007, the building was awarded an Energy Star label for its operating efficiency and the 2008 Office Building of the Year award presented by the Building Owners and Managers Association (BOMA). Amenities include 24-hour card access entry systems, on-site management, fitness center, deli and shower facilities.

Rule|Boston Camera Rental to Relocate and Expand Headquarters in Brighton, Massachusetts
December 8, 2008

Boston, Massachusetts — Rule|Boston Camera Rental has executed a new lease to relocate from its Watertown and Brighton locations, increasing the size of its existing facilities to 17,996 square feet at 1284 Soldiers Field Road in Brighton, Massachusetts. The move is planned for the end of December 2008.

The Colliers Meredith & Grew team of Elias T. Demakes and John A. Carroll III represented Rule|Boston Camera Rental in the transaction. The landlord, Harvard Real Estate, was represented by Peter Bekarian and John Osten of Jones Lang LaSalle. Specifics of the lease transaction were not disclosed.

1284 Soldiers Field Road is a one-story 33,206-square-foot office building located in Brighton, Massachusetts just minutes from downtown Boston.

“It was a real challenge to find the perfect convergence of space and location,” said John Rule, founder and owner of Rule Broadcast Systems. "After months of searching, we could appreciate the 1284 Soldiers Field Road’s proximity to major roadways and its easy access to public transportation. And with more space, the interior layout gives us the flexibility we need as we combine resources with Boston Camera. Our new location will lead to a more efficient and positive experience for our customers.”

Merrimack Pharmaceuticals Expands at One Kendall Square in Cambridge
December 8, 2008

Boston, Massachusetts — Merrimack Pharmaceuticals, Inc., a biotechnology company focused on the discovery and development of novel treatments for autoimmune disease and cancer, has expanded by 18,748 square feet of additional laboratory and office space in Building 600/700 at the One Kendall Square complex in Cambridge. Merrimack will now occupy a total of 50,495 square feet and be the largest tenant in the building. Merrimack will renovate former Genzyme laboratory space on the fourth floor with a planned move-in date of April 2009.

Colliers Meredith & Grew’s Joe Flaherty and Tucker Hansen represented Merrimack Pharmaceuticals in the transaction. J. Duncan Gratton and Kim Roop of DTZ FHO Partners represented the landlord, The Beal Companies. Specifics of the lease transaction were not disclosed.

Built in 1916 and renovated in 1986 and 2008, Building 600/700 is a 234,631-square-foot, five-story, Class A research facility offering wet laboratory and office space. Building 600/700 is part of the One Kendall Square campus, which consists of nine buildings totaling more than 670,000 square feet of laboratory, office and retail space. The site is a short walk to the MIT campus and the MBTA Red Line station at Kendall Square. On site amenities include a 1,500 car parking garage, six restaurants, Bright Horizons child care and the Kendall Square Cinema.

Flaherty of Colliers Meredith & Grew Elected President of CBA
December 2, 2008

Boston, Massachusetts — Executive Vice President Joseph P. Flaherty of Colliers Meredith & Grew has been elected President of the Commercial Brokers Association (CBA) for 2009. The CBA is a division of the Greater Boston Real Estate Board.

The CBA is an association of approximately 390 commercial real estate brokers who practice in eastern Massachusetts. CBA members are an integral part of the Greater Boston Real Estate Board, the most powerful, unified voice of the real estate industry in Boston.

The CBA is committed to providing its members with superior, relevant educational programs; multiple networking events throughout each year; recognition to firms and to individuals for industry and professional excellence; mediation and arbitration services; and advocacy on behalf of the commercial brokerage industry on municipal and state regulatory and legislative issues.

Additionally, the CBA is committed to giving back to the community with its continued support of its designated charity, Caritas Communities, a non-profit provider of housing for the working poor. In total, CBA has donated $110,000 over the past four years and more recently has provided work crews made up of CBA members to help fix up specific Caritas properties. With 650 rooms, Caritas is greater Boston’s largest non-profit, non-sectarian owner of single room occupancy houses, providing affordable housing in Boston and ten suburban communities.

“I am pleased to be able to serve my fellow commercial brokers and look forward to working with the new CBA Board in 2009 and to continuing the fine work and exciting initiatives of my predecessor Mark Stevens, CBA’s outgoing President” said Flaherty.

BIND Biosciences Subleases 26,148 Square Feet at 64 Sidney Street in Cambridge
December 2, 2008

Boston, Massachusetts — BIND Biosciences, Inc., a privately held biopharmaceutical company developing an entirely new class of targeted therapeutics based on multifunctional nanoparticles, has subleased 26,148 square feet of laboratory and office space from Alkermes, Inc. at 64 Sidney Street located in University Park at MIT in Cambridge.

Colliers Meredith & Grew’s Joe Flaherty, Tucker Hansen and Ben Coffin represented Alkermes, Inc., the sublandlord, in the transaction. Jon Varholak and Eric Smith of Richard Barry Joyce & Partners represented BIND Biosciences. Specifics of the sublease transaction were not disclosed.

Peptimmune Subleases 13,596 Square Feet at 64 Sidney Street in Cambridge, Massachusetts
November 20, 2008

Boston, Massachusetts — Peptimmune, Inc. has executed a sublease for 13,395 square feet of laboratory and office space at 64 Sidney Street located in University Park at MIT in Cambridge. Colliers Meredith & Grew’s Joe Flaherty, Tucker Hansen and Ben Coffin represented both the subtenant, Peptimmune, and the sublandlord, Alkermes, Inc., in the transaction. Specifics of the sublease transaction were not disclosed.

Colliers Meredith & Grew Closes 77,177 SF of Signed Leases at Brickstone Square in Andover, Massachusetts
November 18, 2008

Boston, Massachusetts — Senior Vice President Matthew J. Daniels, Assistant Vice President Christopher E. Lawrence and Associate Brian L. Tisbert of Colliers Meredith & Grew have recently represented landlord, Transwestern Investment Company, in ten leases totaling 77,177 square feet at Brickstone Square in Andover, Massachusetts.

This most recent round of lease signings reinforces Transwestern’s commitment to a diverse range of companies at Brickstone Square. Ophthalmic Research Associates, a full-service contract and research firm for the ophthalmic and pharmaceutical industries, signed a new lease for 28,770 square feet and was represented by Gregory Klemmer of Klemmer Associates, LLC.

Targeting and custom data solutions firm, Genalytics, Inc., became a new tenant by executing a new 9,704-square-foot lease for its headquarters. Mitchell Jacoby of CresaPartners represented Genalytics in the transaction.

Broadcom Corporation, a global leader in the supply of semiconductor technology to the wireless and telecommunications industry, expanded its existing space within Brickstone Square by 9,683 square feet.

Autotrader.com, Inc., a premier website servicing the automotive sales industry, renewed its 8,412-square-foot lease and was represented by Jason Levendusky of C.B. Richard Ellis/New England.

Cairnstone, Inc., an underwriter for the medical stop loss industry, relocated to Brickstone Square by signing a new lease for 6,689 square feet. Cairnstone, Inc. was represented by Richard Ruggiero of Cushman & Wakefield.

Volcano Corporation, formerly Novelis, executed a new lease for 5,049 square feet to relocate to Brickstone Square from Methuen, MA. Volcano specializes in the development of ultrasonic visualization technology devices for minimally invasive medical procedures.

SaleStart, a recruiting firm specializing in the placement of top sales professionals, signed a new lease for 3,817 square feet.

Mitsubishi International Corporation renewed its lease for 2,954 square feet and was represented by Sean Lynch of Jones Lang LaSalle.

Global Business Dimensions Inc, a provider of software solutions and services to top firms and Fortune 500 companies, renewed its lease for 2,099 square feet.

Details of the specific leases were not disclosed.

“Transwestern speculatively renovated suites ranging in size to accommodate tenants with leases expiring in the short term, and much of this new activity has come in from these new ready-made suites,” said Daniels. “In addition to these transactions, we’ve seen considerable activity from other existing tenants at the park and from prospective tenants touring the market.”

“Given Transwestern’s continued commitment to providing a true Class A environment along Route 495 and Brickstone’s ability to provide tenants with flexibility and an outstanding amenity package, we feel we have a competitive advantage in the market,” noted Lawrence.

Brickstone Square is a signature suburban business center with three first-class office and R&D buildings, totaling approximately one million square feet, in an attractive campus setting. Amenities include a 3,000+ space parking facility, a 564-seat cafeteria, a fitness center, a Bright Horizons Family Solutions day care, 24/7 security, volleyball courts and on-site property management. Located near the Route 495 and 125 interchange in Andover, Massachusetts, Brickstone Square is easily accessible from Routes 114, 133 and 125. Its buildings are within minutes of Andover’s MBTA Commuter Rail Station and Andover Center.

Photo available upon request.

Colliers Meredith & Grew Represents Edwards Vacuum in 14,852-Square-Foot Lease
November 17, 2008

Boston, Massachusetts — Edwards Vacuum has executed a new 14,852-square-foot lease to relocate its office from 301 Ballardvale Street in Wilmington to 3 Highwood Drive in Tewksbury, Massachusetts. The move is planned for late Fall 2008.

Senior Vice President Matthew J. Daniels and Assistant Vice President Christopher E. Lawrence of Colliers Meredith & Grew represented Edwards Vacuum in the transaction. The landlord, BPG Properties, Ltd., was represented by Director Matthew S. Adams of Cushman & Wakefield. Specifics of the lease transaction were not disclosed.

3 Highwood Drive consists of 105,718 square feet of first-class office space. This two-story, multi-tenanted building is located within the campus setting of Highwood Office Park in Tewksbury, Massachusetts. Conveniently located at the intersections of Route 495 and Route 133, it offers easy access to Routes 93 and 3. Amenities include a fitness center, café and an on-site hotel with dining and conference facilities.

AVEO Pharmaceuticals Subleases 7,407 Square Feet at 64 Sidney Street in Cambridge
November 4, 2008

Boston, Massachusetts — AVEO Pharmaceuticals, a clinical-stage biopharmaceutical company focused on the discovery and development of novel, targeted cancer therapeutics, has executed a 7,407-square-foot sublease of office space at 64 Sidney Street located in University Park at MIT in Cambridge. The space will serve as expansion space for AVEO, which now occupies a total of 62,407 square feet in University Park.

The Colliers Meredith & Grew team of Joe Flaherty, Tucker Hansen and Ben Coffin represented Alkermes, Inc., the sublandlord, in the transaction. Jon Varholak and Eric Smith of Richard Barry Joyce & Partners represented AVEO Pharmaceuticals. Specifics of the sublease transaction were not disclosed.

Turbine, Inc. Signs 22,497-Square-Foot Lease at Dedham Executive Center
October 28, 2008

Boston, Massachusetts — Turbine, Inc., a premier creator and operator of massive, persistent online worlds that foster powerful social gaming communities, has executed a 22,497-square-foot lease for a new office location at Dedham Executive Center in Dedham, Massachusetts.

The Colliers Meredith & Grew team of Jim Elcock, Dave Goodhue and Bill Lynch represented the landlord, KS Partners, LLC, in the transaction. Turbine, Inc. was represented by Mark Mulvey and Tom Kent of DTZ FHO Partners. Specifics of the lease transaction were not disclosed.

Dedham Executive Center is an 180,000-square-foot, three-story, Class A office building located at 980-990 Washington Street in Dedham, Massachusetts, at the intersection of Routes 128 and 1. Three MBTA commuter rail stations and the University Avenue Amtrak Station are within a five-minute drive of the property. Amenities include an under-building parking garage, conferencing facility, food service and on-site management. There are also numerous area amenities including hotels, restaurants, banks, shopping centers and daycare facilities within a three-mile radius.

“Dedham Executive Center is a great solution for Turbine’s growing real estate needs due to its proximity to their headquarters in Westwood and the abundant building and area amenities,” said Elcock.

BioEnergy International, LLC Expands at 42 West Cummings Park in Woburn, Massachusetts
October 9, 2008

Boston, Massachusetts — BioEnergy International, LLC, a science and technology leader in the development of multi-product biorefineries that produces biofuels and bio-based specialty chemicals, has expanded its lease by 7,008 square feet at 42 West Cummings Park In Woburn, Massachusetts. BioEnergy now occupies 17,760 square feet at the property.

The Colliers Meredith & Grew team of Executive Vice President James L. Elcock, Assistant Vice President David B. Goodhue and Associate William C. Lynch represented BioEnergy International in the transaction. The landlord, Cummings Properties, was represented in-house by Leasing/Property Manager Derek S. Russell. Specifics of these lease transaction was not disclosed.

“Cummings Properties provided BioEnergy International with the ability to expand seamlessly into a contiguous space,” said Goodhue. “This was truly a win-win situation for both parties.”

42 West Cummings Park is a single-story, 142,000-square-foot light manufacturing building located in Woburn, Massachusetts. The property offers easy access to Routes 128 and 93. On-site amenities and services include restaurants, dry cleaners, hair salons and daycare.

Hebrew SeniorLife Signs Lease at 300 First Avenue in Needham, Massachusetts
October 8, 2008

Boston, Massachusetts — Hebrew SeniorLife has executed a new 13,835-square-foot lease for its executive offices at 300 First Avenue in Needham, Massachusetts. The Colliers Meredith & Grew team of Executive Vice President James L. Elcock and Vice President Elias T. Demakes represented both Hebrew SeniorLife and the landlord, Three Hundred Realty Trust, in the transaction. Specifics of the lease transaction were not disclosed.

300 First Avenue is a three-story, 75,000-square-foot Class A office building located a quarter mile from Exit 19 off Route 128 in the heart of the New England Business Center in Needham, Massachusetts. Amenities include on-site ownership/management, structured parking and easy access to numerous shopping and restaurants located within walking distance.