Colliers Meredith & Grew is proud of its transactions, growth, awards, and community involvement. Below are the most recent press releases:



Sanofi Pasteur Extends 53,401 SF Lease at University Park at MIT in Cambridge, MA
November 30, 2010

Boston, Massachusetts — Sanofi Pasteur has entered into a long-term lease extension with Thirty-Eight Sidney Street Limited Partnership, a partnership between Forest City Enterprises and M.I.T., for 53,401 square feet at 38 Sidney Street, located in University Park at MIT in Cambridge, Mass. Sanofi Pasteur will continue to occupy the top two floors of the five-story, 122,000-square-foot laboratory research building.

Joe Flaherty and Tucker Hansen of Colliers Meredith & Grew represented the landlord, Forest City. Louis W. Kluger of Zell Partnership, Inc. represented Sanofi Pasteur in the transaction. Specifics of the lease extension were not disclosed.

Sanofi Pasteur, the vaccines division of the sanofi-aventis Group, provided more than 1.6 billion doses of vaccine in 2009, making it possible to immunize more than 500 million people across the globe. A world leader in the vaccine industry, Sanofi Pasteur offers the broadest range of vaccines protecting against 20 infectious diseases.

University Park at MIT, developed by Forest City Enterprises, is a 27-acre, mixed-use urban campus located directly adjacent to the Massachusetts Institute of Technology. The Park has 2.3 million square feet of space including 10 research and office buildings, five residential complexes, 250,000 square feet of hotel, restaurant and retail space, structured parking for 2,700 cars, and acres of open parkland. The 10 commercial buildings are occupied primarily by biotech/life science companies including such industry leaders as Millennium/Takeda, Novartis, Partners Healthcare, Sanofi Pasteur, Vertex, Genzyme, ARIAD and Aveo.





Goodrich Corporation Leases 184,759 SF at Westford Technology Park
October 19, 2010

Boston, Massachusetts — Goodrich Corporation (Goodrich), a leading global supplier of systems and services to the aerospace and defense industry, has executed a new 184,759-square-foot lease at Westford Technology Park in Westford, Mass. Goodrich will lease 84,759 square feet at 7 Technology Park Drive and will occupy the 100,000-square-foot 9 Technology Park Drive in its entirety. The lease represents a 55,000-square-foot expansion for the firm that will relocate its headquarters from 5 Omni Way in Chelmsford in the second quarter of 2011.

Colliers Meredith & Grew’s North Suburban team of Matthew Daniels and Christopher Lawrence represented Goodrich. Cushman & Wakefield represented the landlord, The Gutierrez Company. Details of the transaction were not disclosed.

7 and 9 Technology Park Drive are located in Westford Technology Park, a 90-acre master-planned campus development located off of Interstate 495 in Westford, Mass. Corporate neighbors include Lucent Technologies, NetScout Systems, Juniper Networks, Hewlett Packard and IBM.





Sonos Expands into 33,058 SF at 25 First Street in Cambridge, MA
October 18, 2010

Boston, Massachusetts — Sonos, Inc., a leading developer of wireless multi-room music systems, has executed a new 33,058-square-foot lease to relocate from its current location at 201 Broadway in Cambridge to The Davenport Building, also in Cambridge. The Davenport is a four-story, 220,750-square-foot office building located at 25 First Street. The lease represents a 20,000-square-foot expansion for Sonos. Occupancy is scheduled for late October 2010.

Senior Vice President Tucker Hansen, Executive Vice President Joe Flaherty and Assistant Vice President Ben Coffin represented Sonos. Juliette Reiter and Debra Gould of Cushman & Wakefield represented the landlord, AEW Capital Management, L.P. Specifics of the lease transaction were not disclosed.

Built in 1860 and renovated most recently in 2010, The Davenport Building is a four-story, 220,750-square-foot brick and beam re-hab office building located in East Cambridge, near Canal Park, the Cambridgeside Galleria and the Lechemere MBTA Green Line station. Major tenants in the building include HubSpot and Zipcar.

Building photo is available upon request.





Daniels, Lawrence and Tisbert of Colliers Meredith & Grew Complete 139,350 SF of Signed Leases at Brickstone Square in Andover, Massachusetts
October 13, 2010

Boston, Massachusetts — Colliers Meredith & Grew’s North Suburban team of Matthew Daniels, Christopher Lawrence and Brian Tisbert has recently represented Transwestern Investment Company, a Chicago-based principal investment firm, in ten leasing transactions totaling 139,350 square feet at Brickstone Square in Andover, Mass.

“We are pleased that Brickstone Square will continue to be the home of a number of existing tenants within the complex and we welcome new tenants,” said Daniels. “Transwestern continues to offer an excellent economic package for both existing and new tenants. The team’s ability to make quick decisions is a unique strength.”

The transactions will bring five new tenants to the park. Federal Emergency Management Agency (FEMA) executed a 30,000-square-foot lease to headquarter its response to regional flooding in early 2010. By Appointment Only executed a 26,700-square-foot lease to relocate from 30 Corporate Drive in Burlington, Mass. Compliance Technologies, Inc. executed a 9,400-square-foot lease to relocate from 4 Liberty Square in Boston, Mass. ArchiText and LeadBridge Partners LLC will lease 3,900 and 3,400 square feet, respectively.

Five tenants renewed commitments to Brickstone Square. Genesis Healthcare renewed a 30,000-square-foot lease. Schneider Electric recommitted for 13,450 square feet. Lease & Rental Management renewed a 10,700-square-foot lease. AutoTrader.com, Inc., and RBC Wealth Management renewed leases for 8,900 and 2,900 square feet, respectively.

Specifics of the lease transactions were not disclosed.

By Appointment Only was represented by Matt Daniels and Andrew Whipple of Colliers Meredith & Grew. Patrick Buckley and Christopher Lawrence of Colliers Meredith & Grew represented Compliance Technologies. Schneider Electric was represented by Mark Reardon of CB Richard Ellis New England. Autotrader.com and RBC Wealth Management were represented by Robert LeClair, also of CB Richard Ellis.

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, 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.





89 Degrees Relocates to 25 Burlington Mall Road in Burlington, MA
October 13, 2010

Boston, Massachusetts — 89 Degrees LLC, an integrated marketing agency specializing in innovative new media solutions, has leased 12,270-square-feet at 25 Burlington Mall Road in Burlington. 89 Degrees will relocate its headquarters from 67 South Bedford Street in Burlington.

Colliers Meredith & Grew’s North Suburban team of Matthew Daniels and Andrew Whipple represented 89 Degrees in the transaction.

Richards Barry Joyce & Partners, LLC represented the landlord, Equity Office. Specifics of the lease transaction were not disclosed.

With close access to Route 128, Route 3 and I-93, 25 Burlington Mall Road, also known as 25 Mall Road, is a six-story, 277,000-square-feet Class A office building located one-half mile from the Burlington Mall with numerous shops and restaurants. Amenities include 897 unreserved surface parking spaces, a full-service cafeteria and a fitness center in an upscale environment. Typical floor plates are approximately 46,000 rentable square feet.





Brookwood Financial Partners Completes Danversbank Expansion at 75 Sylvan Street in Danvers, MA
October 7, 2010

Boston, Massachusetts — Brookwood Financial Partners, L.P., investment firm specializing the acquisitions and management of real estate and corporate securities, today announced an office lease renewal and expansion with Danversbank totaling 26,488 square feet at 75 Sylvan Street in Danvers, Mass. The lease represents a 4,000-square-foot expansion for the bank.

Colliers Meredith & Grew’s North Suburban team of Matthew Daniels and Andrew Whipple represented Brookwood Financial Partners. Cushman & Wakefield Inc. represented Danversbank. Specifics of the lease transaction were not disclosed.

Recently renovated, 75 Sylvan Street is a three-building, Class A corporate complex containing 273,905 square feet of office, R&D, and industrial space in Danvers, Mass., 20 miles north of Boston. 75 Sylvan Street is conveniently located within close proximity to multiple exits off Route 128 and Route 1 via Route 114. Numerous retail, restaurant, and entertainment amenities are within a short distance including Liberty Tree Mall in Danvers and North Shore Mall in Peabody.





Archemix Signs 15,000 SF Lease at 148 Sidney Street in Cambridge, MA
October 6, 2010

Boston, Massachusetts — Archemix Corp., a biotechnology company focused on discovering, developing and commercializing aptamer therapeutics for the prevention and treatment of chronic and acute diseases, has executed a new 15,000-square-foot lease to relocate its headquarters from 300 Third Street to 148 Sidney Street in Cambridge, Mass. The move is planned for November 2010. Archemix will occupy the entire building.

Colliers Meredith & Grew’s Joe Flaherty, Tucker Hansen and Ben Coffin represented the landlord, Massachusetts Institute of Technology (MIT), in the transaction. Ryan Weber of Thompson Hennessey & Partners represented Archemix. Specifics of the lease transaction were not disclosed.

Built in 1920, and most recently renovated in 2003,148 Sidney Street is a single-story, 15,000-square-feet fully integrated laboratory facility located near the MIT campus, one block south of University Park at MIT.





Campanelli Companies Completes Three Leases at 300 Crown Colony in Quincy, MA
October 5, 2010

Boston, Massachusetts — Campanelli Companies, a full-service commercial real estate development firm, has recently signed three leases totaling nearly 9,000 square feet at 300 Crown Colony in Quincy, Massachusetts.

Forsythe Solutions Group, Inc., a leading IT infrastructure integrator, executed a new 3,494-square-foot lease to relocate from Dedham Executive Center. Scott Shelbourne of Grubb & Ellis Company represented Forsythe nationally and was assisted locally by Taryn Wilson and Lance Carlton. The firm will relocate in November.

Shannon Law Associates, Inc. signed a 2,537-square-foot lease to relocate from One Bowdoin Square in Boston. The firm took occupancy in August, one month after lease execution, and was represented by Nat Kessler of CB Richard Ellis New England.

Additionally, Transition Solutions, a provider of outplacement services and career development tools, renewed its lease for 2,811 square feet.

Specifics of the lease transactions were not disclosed.

In collaboration with Peter Brown, Leasing Director for Campanelli Companies, the Colliers Meredith & Grew team of Jim Elcock, David Goodhue and Caleb Hudak serves as the exclusive leasing agent for the property.

Since purchasing 300 Crown Colony in January, Campanelli Companies has completed a total of 31,249-square-feet in lease transactions, bringing occupancy levels from 73% to 92% in less than nine months. The property has attracted five (5) new tenants and three (3) tenants have renewed commitments.

“The hands-on local ownership of the Campanelli Companies has provided our team with the ability to reposition the building and increase occupancy levels by 20%. Campanelli’s vertically integrated platform provides both existing and prospective tenants with a turnkey solution, a key factor when a tenant is considering a long-term lease commitment,” said Brown.

Jim Elcock remarked, “Tenants are responding favorably to the extensive capital improvement program Campanelli has instituted at 300 Crown Colony. Once again, Campanelli successfully identified the business needs of its tenants and provided them with greater amenities and high quality services.”

Located in the premier Crown Colony Park at the intersection of Interstate 93 and Routes 128 and 3, 300 Crown Colony is a five-story, 118,000-square-foot, Class A office building with immediately available office suites ranging in size from 1,200 to 7,300 square feet. The property features 25,000-square-foot floor plates, ample parking and a five-story atrium.

Recent capital improvements include a newly designed conference facility and Café 300, a full-service café and corporate caterer. The café features daily specials and full breakfast and lunch offerings that include hot meals, omelets and paninis. A new HD flat screen television and comfortable seating accommodates the busy professional. In addition, Café 300’s corporate catering services are an added bonus for businesses in the park.

Immediate highway access via recently completed access ramps and complimentary shuttle services to the Quincy Adams MBTA station and commuter rail make Crown Colony an ideal location for commuters. Additional Crown Colony amenities include the Boston Marriott Quincy hotel and restaurant, as well as a Bright Horizons daycare facility. Corporate tenants include State Street Bank, Harvard Pilgrim Health Care, Arbella Insurance Company and Boston Financial Data Services.





ChoiceStream Relocates to One Charles Park in Cambridge, MA
September 29, 2010

Boston, Massachusetts — ChoiceStream, Inc., the premier personalization service provider for the world’s largest brands including Tesco, Zappos.com, Borders, Blockbuster, Ticketmaster and AT&T, has subleased 15,975-square-feet of office space from Aetna, Inc. at One Charles Park in Cambridge, Mass. ChoiceStream has relocated its headquarters from 210 Broadway, also in Cambridge.

Senior Vice President Tucker Hansen, Executive Vice President Joe Flaherty and Assistant Vice President Ben Coffin represented ChoiceStream. John Osten of Jones Lang LaSalle represented the sublandlord, Aetna. Specifics of the lease transaction were not disclosed.

Built in 1984, One Charles is a six-story, 109,427-square-foot Class A office building adjacent to the Cambridgeside Galleria Mall with close proximity to numerous restaurants, shopping and hotels. Additional building amenities include unique views of the Charles River, and a marble lobby with a two-story atrium.





Colliers Meredith & Grew Secures $20.5 Million Acquisition Financing for Short Pump Station in Richmond, VA
September 7, 2010

Boston, Massachusetts — Boston-based real estate leader Colliers Meredith & Grew announced today that it has successfully secured a $20.5 million acquisition loan for Short Pump Station, an 85,720-square-foot hybrid grocery-anchored retail center located in the northwest Richmond submarket of Short Pump, Virginia.

Co-Chairman Kevin C. Phelan and Associate Jeffrey D. Black represented the borrower, AmCap Richmond, LLC, an institutional joint venture between AmCap Incorporated and BayNorth Realty Fund VII, a mid-sized real estate investment fund managed by BayNorth Capital, LLC. AmCap Richmond, LLC purchased the center from S.J. Collins Enterprises, a Fairburn, Georgia-based retail development company.

Aviva Investors, the global asset management business operated by affiliates of the world’s fifth largest insurance group, Aviva plc, financed the transaction. The ten-year, fixed-rate loan closed in August 2010.

Built in 2008, Short Pump Station is anchored by the only Trader Joe’s specialty grocery store in the Richmond metropolitan statistical area and is truly a destination retail environment. At closing, the property was 94% leased with national and/or credit tenants accounting for over 70% of net rentable area.

“This was a highly competitive process due to the asset’s strong national credit tenant mix, superior institutional sponsorship, and overall value,” said Phelan. “There remains incredible appetite across the lender spectrum for core real estate in major metropolitan areas. What separated Aviva from the pack was its ability to provide a long-term, fixed-rate deal at very competitive pricing, backed by surety of execution.”

“This was a great outcome for this assignment,” said Black. “The financing was widely sought after by many lending institutions. We were pleased to obtain a permanent loan that facilitated our client’s business plan.”

Added Charlie Wu, Managing Director of BayNorth Fund VII, “We are extremely pleased with the execution by the financing team and look forward to working with our new partner, AmCap, on future acquisitions.”





Unum Signs Lease in CitySquare
June 29, 2010

Boston, Massachusetts — Unum Group, one of the leading providers of employee benefits products and services based in Chattanooga, Tenn., will relocate its Massachusetts’ operations to a new 201,000-square-foot building to be constructed in CitySquare, a 2.2-million-square-foot mixed-use development planned on over 20 acres in the center of Worcester, Mass. Unum has signed a seventeen-year lease with developer, CitySquare II Development Co. LLC, an entity financially backed by Hanover Insurance Group Inc. Unum will relocate approximately 700 employees from 18 Chestnut Street in Worcester to the new facility.

Colliers Meredith & Grew’s brokerage team of President Ron Perry, Senior Vice President John Carroll III and Vice President Pat Buckley collaborated with Executive Vice President Dan Quinn and Vice President Jessica Sawyer of Colliers’ Development & Advisory Service group to represent Unum in the transaction with CitySquare II Development Co. LLC. The transaction closed on May 27, 2010.

“We were very pleased to work with Unum on this exciting project,” said Perry. “We were able to call upon the multiple resources within our company to deliver a solution to Unum that addresses both their short- and long-term real estate needs.”

According to Chris Collins, Senior Vice President and General Counsel for Unum, “securing this site and entering into a long-term lease was a strategically important decision for us and we are very pleased with the outcome. Ron [Perry] and the Colliers Meredith & Grew team demonstrated great tenacity throughout the process and our interests were well represented.”

About Unum
Unum (www.unum.com) is one of the leading providers of employee benefits products and services and the largest provider of group and individual disability insurance in the United States and the United Kingdom.





Colliers Meredith & Grew Secures $8,500,000 Refinancing for Four-Building Portfolio in Hopkinton, MA
June 2, 2010

Boston, Massachusetts — Colliers Meredith & Grew’s Capital Markets group announced today that it has arranged a $8.5 million refinancing for a four-building, 173,917-square-foot portfolio of office and R&D buildings located at 97, 99, 103-105 and 107-109 South Street in Hopkinton, Massachusetts. The majority of the fully-leased asset is occupied by Lonza Hopkinton, Inc., a leading supplier of contract biopharmaceutical development and manufacturing services.

Vice President John Broderick of Colliers Meredith & Grew represented the borrower, Southfield Properties I, II and III LLC. Genworth Financial, Inc., a leading Fortune 500 global financial security company, financed the transaction. The eight-year, fixed-rate loan closed in April 2010.

“Genworth did a commendable job understanding the asset and provided a financing that exactly matched our client’s request,” said Broderick.





Campanelli Co Completes 22K SF of Leases at 300 Crown Colony
June 1, 2010

Boston, Massachusetts — Campanelli Companies, a full-service commercial real estate development firm, has recently signed five leases totaling 22,407 square feet at 300 Crown Colony in Quincy, Massachusetts. The Colliers Meredith & Grew team of Jim Elcock, Dave Goodhue and Caleb Hudak represented Campanelli Companies, who purchased the property from Invesco earlier this year.

MCMC LLC, a national managed care services company, executed a new 12,072-square-foot lease to relocate from the Marine Industrial Complex in Boston. Mark Carangelo of Equitable Real Estate Solutions served as MCMC’s broker. Occupancy is scheduled for November 2010.

Granite Medical Group, an affiliate of Atrius Health, executed a new 4,192-square-foot lease to relocate its business office from 500 Congress Street in Quincy to 300 Crown Colony. Granite Medical’s clinical operation will remain at 500 Congress Street. Bob Conrad and Paul McCourt of The Conrad Group, Inc. represented Granite Medical Group. Occupancy is scheduled for October 2010.

On Assignment, Inc., staffing consultants specializing in the placement of scientific, information technology, engineering and healthcare professionals, has executed a new 2,173-square-foot lease. On Assignment relocated from 100 Grossman Drive in Braintree to 300 Crown Colony in February 2010. Dan Sullivan of CresaPartners LLC represented On Assignment.

Recent renewals at 300 Crown Colony include The Hanover Company, a national real estate developer, renewing its lease for 2,998 square feet and Vive Communications, a full-service technology solutions provider, renewing a 972-square-feet lease.

Specifics of the lease transactions were not disclosed.

“The hands-on local ownership of the Campanelli Companies has provided our team with the ability to reposition the building and complete over 22,000 square feet of leasing in only four months. Campanelli’s vertically integrated platform provides both existing and prospective tenants with a true sense of professionalism, a key factor when a tenant is considering a long-term lease commitment,” said Elcock.

Located in premier Crown Colony Park at the intersection of Interstate 93 and Routes 128 and 3, 300 Crown Colony is a five-story, 118,000-square-foot, Class A office building with immediately available office suites ranging in size from 2,500 to 15,000 square feet. The property features 25,000-square-foot floor plates, a full-service café, conference facility, ample parking and a five-story atrium. Park amenities include the Boston Marriott Quincy hotel and restaurants and Bright Horizons daycare facility. In addition to immediate highway access via recently completed access ramps, Crown Colony Park offers shuttle service to the Quincy Adams MBTA station and commuter rail. Corporate tenants include State Street Bank, Harvard Pilgrim Health Care, Arbella Insurance Company and Boston Financial Data Services.





Colliers Meredith & Grew Secures $9,500,000 Refinancing for Post Road Plaza in Marlborough, MA
May 26, 2010

Marlborough, Massachusetts — Colliers Meredith & Grew’s Capital Markets group announced today that it has arranged a $9.5 million refinancing for Post Road Plaza, a 209,567-square-foot retail complex located at 246 East Main Street in Marlborough, Massachusetts. The plaza is 98% leased to tenants including Marshalls Inc., CVS, Price Chopper and Ocean State Job Lot.

Vice President John Broderick of Colliers Meredith & Grew represented the borrower, Karnak Realty LLC. Aviva Investors, the global asset management business of Aviva plc, financed the transaction. The twenty-year, fixed-rate loan closed in April 2010.

“This was a highly competitive process due to the property’s strong tenant mix and overall value,” said Broderick. “What separated Aviva from the pack of potential lenders was its ability to provide a long-term, fixed-rate deal at very competitive pricing.”




Colliers Meredith & Grew Brokers 99,035-Square-Foot Lease between Cambridge Innovation Center and MIT at One Broadway in Cambridge, MA
March 29, 2010

Cambridge, MA – Cambridge Innovation Center (CIC) has recently signed a long-term lease at One Broadway in Cambridge, Mass. The new lease represents an extension of its existing 37,945-square-foot facility and an expansion of 61,090 square feet for a total of 99,035 square feet leased directly from MIT One Broadway LLC. CIC also subleases approximately 40,000 square feet, bringing its total amount of space occupied within One Broadway to 140,000 square feet.

Colliers Meredith & Grew's Joe Flaherty, Tucker Hansen and Ben Coffin brokered the transaction. John McQuaid and Patrick Rowe of Massachusetts Institute of Technology (MIT) negotiated the transaction on behalf of the owner. CIC’s Tim Rowe, chief executive officer, and his team negotiated the lease for CIC. Specifics of the lease transaction were not disclosed.

CIC provides award-winning executive office suites designed to meet the needs of growing companies in a secure facility with furnished space wired for immediate use. Many of the companies residing at CIC are startups which have collectively raised nearly $600 million in venture capital investment in the past three years. Common space includes a fully-staffed reception area, high-quality conference rooms with state-of-the-art video equipment and multiple well-equipped kitchens. Business services include high-speed LAN and Internet connections, mail service, advanced telephone and voicemail services, along with video conferencing and general office equipment.

"This lease transaction grows CIC's footprint significantly and means that we will be able to serve many more entrepreneurs. In the years to come, we will continue to help make Kendall Square the place where innovation happens," said Tim Rowe of CIC.

"We are happy that we can continue our long-standing relationship with CIC because their successful business aligns with MIT's continued interest of creating a world-renowned innovation environment in and around its campus," said John McQuaid of MIT.

On February 23, MIT and CIC hosted a groundbreaking ceremony with Massachusetts Gov. Deval Patrick and MIT President Dr. Susan Hockfield, along with over 500 other guests, to kick off construction of CIC's newest space at One Broadway. During the ceremony, Gov. Patrick declared February 23 to be "Massachusetts Entrepreneurship Day" and promoted MassChallenge's annual business plan competition that will award over $1 million to startups. The program will formally launch in April 2010.

One Broadway is a 16-story, 335,000-square-foot Class A office building situated in the heart of Kendall Square adjacent to the MIT campus. One Broadway offers excellent access to numerous urban service amenities, including hotels, numerous eateries and restaurants, conference facilities, public parking, fitness centers and convenience retail, all within a short walk. The MBTA Red Line subway station is located directly across the street.




Colliers Meredith & Grew Names Ron Perry as President, Kevin Phelan and Tom Hynes as Co-Chairman
March 17, 2010

Boston, MA – Colliers Meredith & Grew, a leading full-service commercial real estate advisory firm, announces the appointment of Ronald K. Perry as president. Kevin Phelan will assume the role of co-chairman with Tom Hynes.

Perry first joined Colliers Meredith & Grew in 1984 and was appointed head of Colliers Meredith & Grew’s Brokerage group in 2007, which includes the Boston, Suburban and Retail Brokerage teams. He has a highly successful track record of providing landlord representation and tenant advisory services to clients in the Boston marketplace. His professional accomplishments include being named the Greater Boston Real Estate Board's "Broker of the Year" in 2004. Perry is active in several philanthropic organizations and was honored with the "Father of the Year" award by the American Diabetes Association and the Boston Father’s Day Council in 2008.

"I would like to thank my colleagues for this tremendous vote of confidence and I look forward to carrying out my new role," said Ron Perry. "Our organization adheres to a unique team-oriented philosophy and offers our clients a full platform of complimentary services."

"Ron has contributed significantly to our strong growth over the years and has proven himself as a key member of our executive team," said Phelan. "He will continue to lead the firm with professionalism, integrity and team spirit."

Phelan joined the firm in 1978 to create the Capital Markets group and was appointed president in 2007. He has been involved in multi-billion-dollars worth of financings, representing all property types across the United States. Phelan will continue to lead the Capital Markets group as well as manage a broad range of institutional client relationships for Colliers Meredith & Grew. Phelan is a member of the board of trustees of Providence College, chair of the board of trustees of Caritas St. Elizabeth's Medical Center, director and past president of The Boys and Girls Club of Boston and director of the Greater Boston Chamber of Commerce.

"With Ron as president focused on brokerage and advisory services and Kevin continuing his role in the capital markets and institutional markets, we have the leadership in place for the long term," said Hynes. "Our affiliation with Colliers International provides our valued clients a full spectrum of world-class commercial real estate services, seamlessly on a national and international basis." Hynes was appointed president in 1988 and chairman in 2007. Hynes has more than forty years experience in real estate brokerage and advisory activities.




Boston Biochem Renews 6,000 SF Lease at 840 Memorial Drive in Cambridge, MA
March 10, 2010

Boston, MA – Boston Biochem, Inc., a provider of ubiquitin-related research products, has renewed a 6,000-square-foot lease for its headquarters at 840 Memorial Drive in Cambridge, Mass. Colliers Meredith & Grew’s Tucker Hansen and Ben Coffin represented Boston Biochem in the transaction, working with Director of Acquisitions Marc Goldstein of The Abbey Group, the landlord. 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 office and laboratory building located along the Charles River between Harvard University and Massachusetts Institute of Technology in Cambridge, Massachusetts.




Colliers Meredith & Grew Arranges Two Leases Totaling 13,730 SF at 161 First Street in Cambridge, MA
March 9, 2010

Boston, MA – Colliers Meredith & Grew represented Sedo.com, LLC and Genocea Biosciences Inc. in two leases totaling 13,730 square feet at 161 First Street in Cambridge, Massachusetts. Vice President Tucker Hansen and Associate Ben Coffin of Colliers Meredith & Grew worked with Vice President Eric Smith of Richards Barry Joyce & Partners who represented the landlord, Alexandria Real Estate Equities, Inc., in the transactions. Sedo.com renewed a 9,358-square-foot lease and Genocea Biosciences expanded by 4,372 square feet to a total of 13,568 square feet. Details of the specific leases were not disclosed.

161 First Street is a brick & beam, 45,820-square-foot, four-story lab and office building located in the heart of the East Cambridge market. The location benefits from its proximity to the Massachusetts Institute of Technology, Harvard University, numerous technology and biotech companies, research facilities, hotels and the CambridgeSide Galleria Mall.




Leeanne Rizzo Joins Colliers Meredith & Grew's Suburban Brokerage Group
March 8, 2010

Boston, MA – Leeanne Rizzo has joined Colliers Meredith & Grew as an Assistant Vice President in the Suburban Brokerage group, focusing on brokerage activities in the Route 128 Mass Pike market. She will work closely with Executive Vice President James Elcock and Senior Vice President John Carroll III. Prior to joining the firm, Ms. Rizzo spent five years at FHO Partners.

"Leeanne brings a great real estate experience to Colliers Meredith & Grew," said Carroll. "We are very fortunate to have someone with her reputation and real estate aptitude on our team."

Ms. Rizzo earned a B.S. degree in Government from Georgetown University in Washington, D.C. She is an active member of the Commercial Brokers Association and the National Association of Industrial & Office Properties. Ms. Rizzo resides in Boston, Massachusetts.




Stryker Development Leases 6,948 SF at 150 Bear Hill Road in Waltham, Massachusetts
March 1, 2010

Boston, MA – Stryker Development, a division of Stryker Corporation, has executed a new 6,948-square-foot lease to relocate its operations from One Kendall Square in Cambridge to 150 Bear Hill Road in Waltham, Mass. The move will take place in April 2010.

Colliers Meredith & Grew's Tucker Hansen and Tim O’Brien represented Stryker Development in the transaction. Associate Alex Plaisted of CB Richard Ellis/New England represented the landlord, King Street Properties LLC. Specifics of the lease transaction were not disclosed.

Built in 1980 and renovated in 1998, 150 Bear Hill Road is two-story, 17,200-square-foot laboratory and office building located off Route 128 in Waltham, Mass.




ConVerge Diagnostic Services Expands at 200 Corporate Place in Peabody, MA
February 11, 2010

Boston, Massachusetts — ConVerge Diagnostic Services (ConVerge), one of New England’s largest independent regional anatomic pathology laboratories, recently renewed and expanded its lease to 22,000 square feet at 200 Corporate Place in Peabody, Massachusetts. The lease represents a 5,000-square-foot expansion for the firm.

Joe Flaherty and Andy Whipple of Colliers Meredith & Grew represented ConVerge in the transaction. The landlord, Aegean Capital, LLC, was represented internally by Peter Tilden, Director of Leasing. Specifics of the lease transaction were not disclosed.

Built in 1985, 200 Corporate Place is a single-story 48,189-square-foot flex building located near the intersection of Route 1 and Interstate 95.




Colliers Meredith & Grew Brokers Sale of Page Farm Site in Topsfield, MA
C.P. Berry Commences Construction on Townhome Development
February 9, 2010

Boston, Massachusetts — Colliers Meredith & Grew has successfully brokered the sale of the former Page Farm site in Topsfield, Massachusetts for $5 million to C.P. Berry Construction Company (C.P. Berry). The landmark 68-acre site located on Route 1 was the former suburban home and equestrian center of George Page, Boston-area hotel operator and restaurateur. The transaction closed in January 2010.

Colliers Meredith & Grew Senior Vice President Bob Cronin and Chairman Tom Hynes represented the seller, Boston College. In 1989, the college received the property from a local benefactor with the intent that the site would be developed as a suburban corporate conference and spiritual retreat center. In 2006, Boston College designated the site as a “surplus” real estate asset and hired Colliers Meredith & Grew to actively market the property for sale.

“Given the landmark significance of the Page Farm site, the sale process was very challenging since a number of hurdles had to be overcome by C.P. Berry including land conservation issues, rezoning requirement and complicated site characteristics,” said Cronin. “Ultimately, due to the quality of the builder and the development, the importance of the project as it relates to providing a valuable senior-housing option and the spirit of cooperation that was shown by the Town of Topsfield, Boston College and C.P. Berry, the transaction resulted in a true ‘win win’ for all parties involved.”

Colliers Meredith & Grew also represented C.P. Berry in the transaction. According to Alan Berry, Principal of C.P. Berry, the firm has begun construction of English Commons at Topsfield, a 50-unit high-end townhome community for residents age 55 and over. A model home will open in July. Some of the firm’s previous development projects include the Homes at Ipswich Country Club and the award-winning Caldwell Farm townhouse development in Newbury.

“English Commons is an exciting undertaking. It is beautiful property in a great rural North Shore town that is convenient to shopping, major highways, entertainment, restaurants and historical sites in the area,” added Berry. “We will continue the tradition of open space planning and quality building design and construction from our Caldwell Farm development. The environmentally-friendly site design and building practices, as well as the New England architecture, will create a community Topsfield can be proud to have within their borders.”




Spectrum Microwave Leases 42,832 Square Feet at Marlborough Technology Park
February 8, 2010

Boston, Massachusetts — Spectrum Microwave, Inc., a market leader in the world of RF & Microwave components and systems, has executed a new 42,832-square-foot lease to relocate its Marlborough, Massachusetts operations to 400 Nickerson Road located in Marlborough Technology Park. The firm will relocate from 165 Cedar Hill Street, Marlborough in May 2010. The move represents a 16,000-square-foot expansion.

The Colliers Meredith & Grew team of Jim Elcock, Bill Lynch and Tim O’Brien represented Spectrum Microwave. Paul Leone of Richard Barry Joyce & Partners, LLC represented the landlord, Normandy Real Estate Partners. Specifics of the lease transaction were not disclosed.

“After evaluating several options, we chose to relocate to Marlborough Technology Park based on its location, amenities and quality of the space,” says Gregg Davis, General Manager of Marlborough Operations for Spectrum Microwave. “It was a perfect fit to accommodate growing operations.”

Marlborough Technology Park consists of seven first-class office buildings totaling 573,576 square feet. Located on Nickerson Road off Interstate 495, the business center provides access to the Massachusetts Turnpike, Interstate 290, Routes 128 and 9. On-site amenities include ample parking, a full-service cafeteria, conference facilities and a fitness center.




Campanelli Companies Hires Colliers Meredith & Grew to Lease 300 Crown Colony in Quincy, MA
January 12, 2010

Boston, Massachusetts — Colliers Meredith & Grew, one of the top full-service commercial real estate firms in New England, announced today that it was appointed by Braintree-based Campanelli Companies as the exclusive leasing agent for 300 Crown Colony in Quincy, Massachusetts. Campanelli Companies purchased the building earlier this month as part of a value-added acquisition strategy that brought its development total to over 1.9 million square feet on 290 acres in the last five years.

300 Crown Colony is a five-story, 118,000-square-foot, first-class office building located in premier Crown Colony Park at the intersection of Interstate 93 and Routes 128 and 3. The property is 70 percent leased and features 25,000-square-foot floor plates, a full-service café, conference facility, ample parking and a five-story atrium.

“300 Crown Colony was an excellent acquisition and we have high expectations for its future,” said Peter Brown, Director of leasing at Campanelli Companies.

Crown Colony Park is an eleven-building signature business center consisting of approximately 1.5 million square feet of office and medical space. Amenities include the Boston Marriott Quincy hotel and restaurants and Bright Horizons daycare facility. In addition to immediate highway access via recently completed access ramps, Crown Colony Park offers shuttle service to the Quincy Adams MBTA station and commuter rail. Corporate tenants include State Street Bank, Harvard Pilgrim Health Care, Arbella Insurance Company and Boston Financial Data Services.

“Existing tenants and new tenants alike will benefit immensely from the unparalleled level of service that Campanelli Companies has been providing to its clients for decades,” said James Elcock, Executive Vice President at Colliers Meredith & Grew. “We are thrilled to be apart of the 300 Crown Colony team and look forward to a successful leasing campaign.”

In addition to Elcock, the Colliers Meredith & Grew leasing effort will be led by Assistant Vice Presidents David Goodhue and Caleb Hudak.




November 25, 2009
Consensus Building Institute Renews 4,879 Square-Foot Lease at 238 Main Street
in Cambridge, Massachusetts

Boston, Massachusetts — Consensus Building Institute (CBI), a not-for-profit organization that promotes effective negotiations, builds consensus and resolves conflicts, has recently renewed a 4,879 square-foot lease for its corporate headquarters at 238 Main Street in Cambridge, Massachusetts.

The Colliers Meredith & Grew team of Tucker Hansen and Ben Coffin represented CBI and the landlord, the Massachusetts Institute of Technology (MIT), in the transaction. Specifics of the lease transaction were not disclosed.

238 Main Street is a five-story, 79,000-square-foot office building located in the heart of Kendall Square and adjacent to the MIT Campus. The building provides convenient access to the area’s numerous amenities, including restaurants, hotels and service retail. The MBTA Red Line subway station is located directly in front of the building’s main entrance.




E Ink Corporation Renews 42,280 Square-Foot Lease at 733 Concord Avenue
in Cambridge, Massachusetts

November 24, 2009

Boston, Massachusetts — E Ink Corporation, a leading supplier of electronic paper display technologies, has recently renewed a 42,280-square-foot lease for its corporate headquarters at 733 Concord Avenue in Cambridge, Massachusetts. E Ink Corporation occupies the entire two-story, 42,280-square-foot office & laboratory building.

Colliers Meredith & Grew’s Tad Lee represented E Ink Corporation in the transaction. New Boston Fund, the landlord, was represented by Colliers Meredith & Grew’s Joe Flaherty. Specifics of the lease transaction were not disclosed.




Colliers Meredith & Grew Secures $7.5 Million Refinancing for Marshalls Plaza in Newton, MA
November 24, 2009

Boston, Massachusetts — Colliers Meredith & Grew’s Capital Markets group has secured a $7.5 million refinancing for a two-building, 62,589-square-foot retail plaza located at 241-281 Needham Street in Newton, Massachusetts. The plaza is 99% leased to retail tenants including Marshalls Inc., CVS and AAA Southern New England.

Vice President John Broderick of Colliers Meredith & Grew represented the borrower, Northland Investment Corporation. The Washington Trust Company, a subsidiary of Washington Trust Bancorp, Inc., financed the transaction. The five-year, fixed-rate loan closed on October 29, 2009.

“The financing was widely sought after by many lending institutions due to the high quality of the asset and the strong sponsorship of Northland Investment,” said Broderick. “Washington Trust recognized these strengths and delivered very attractive financing terms in these unsettled economic times.”




Colliers Meredith & Grew Brokers Sale of The Bartlett School in Waltham, MA
November 18, 2009

Boston, Massachusetts — The Colliers Meredith & Grew team of Executive Vice President James Elcock and Assistant Vice President Katharine Barry has successfully negotiated the sale and disposition of a 58,000-square-foot, 5.8-acre campus in Waltham on behalf of the Bartlett School to the Carroll School. The Carroll School, an independent primary school for students with diagnosed learning disabilities such as dyslexia, will use the newly acquired property as an expansion to its main campus in Lincoln, Massachusetts.

“A number of very interested parties were attracted to the Bartlett School once the property became available for sale. The Bartlett School trustees are thrilled to finalize a transaction with the Carroll School, where educating children will continue,” said Elcock.

Located on Trapelo Road in Waltham, the two-building Bartlett School 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 school’s Board of Trustees voted on March 9, 2009 to close the school at the end of the 2008-2009 academic year due to a decline in the number of returning students.




Outcome Sciences Leases 29,647 Square Feet at 201 Broadway in Cambridge, Massachusetts
November 17, 2009

Boston, Massachusetts — Outcome Sciences, Inc. (“Outcome”), the leading provider of patient registries, studies, and technologies for evaluating real-world outcomes, has recently renewed and expanded its office lease to 29,647 square feet at 201 Broadway in Cambridge, Massachusetts.

been professional in every respect and has accommodated our growth needs. No organization maintains or operates buildings as well as they do. It is our pleasure to be a tenant at 201 Broadway.”

The Colliers Meredith & Grew team of Joe Flaherty, Tucker Hansen and Ben Coffin represented Outcome in the transaction with the landlord, The Davis Companies, represented by Duncan Gilkey, Senior Vice President. Specifics of the five (5) year lease transaction were not disclosed.

“We are thrilled to have Outcome expand again at 201 Broadway,” says Gilkey. “Outcome is a great partner and we are glad to accommodate its growth. We look forward to continuing our long-term relationship.”

Built in 1988, 201 Broadway is a Class A office building located in the heart of Kendall Square, just three blocks from the MIT campus and surrounded by numerous technology and life science industry leaders. The building features an inviting lobby, efficient floor plates with abundant window line, in-building garage parking, on-site café, and excellent access to area retail and urban amenities. The MBTA Red Line station at Kendall Square is a five-minute walk from the building. Additional 201 Broadway tenants include Mitsubishi Electronic Research Lab, Sonos, Inc, Weidlinger Associates, Inc. and Curl, Inc.




New SIOR candidates accepted into New England Chapter
November 13, 2009

New England Real Estate Journal — The New England SIOR Chapter has accepted three new candidates for the SIOR designation during the fall. The new candidates include: Mike Zieja, John Dolan and Bill Lynch all of Meredith & Grew.

Please see the attached PDF.




AMB Appoints Colliers Meredith & Grew Exclusive Leasing Agent for 1.8 Million-Square-Foot Industrial Portfolio
November 13, 2009

Boston, Massachusetts — Colliers Meredith & Grew, one of the top full-service commercial real estate firms in New England, has been appointed the exclusive leasing agent for AMB Property Corporation's Southeastern Massachusetts industrial building portfolio. The portfolio consists of 1,855,333 square feet of industrial space located in fourteen buildings in Braintree, Stoughton, and Brockton. There is presently space available within the portfolio that can accommodate users from 12,000 to 300,000 square feet.

“We are extremely pleased to represent this quality portfolio,” said Robert Cronin, Senior Vice President and head of Colliers Meredith & Grew’s Industrial Leasing Team.

In addition to Cronin, the Colliers Meredith & Grew team assigned to the project includes Assistant Vice President Caleb Hudak, Assistant Vice President David Goodhue and Associate Christopher Decembrele. The AMB Property Corporation management team includes Senior Vice President Steven Kimball and Director of Property Management Skip Coppola.




Boston Marriott Copley Place: Renovated for Today’s Sophisticated Traveller
October 27, 2009

Boston, Massachusetts — A $22 million, year-long series of renovations at the Boston Marriott Copley Place is nearly complete, it was announced today. Hotel enhancements include: a completely renovated first and second floor, with new front desk area and meeting rooms, a redesigned Champions restaurant and bar, the new Connexion lounge, an expanded Starbucks coffee bar, a relocated business center and upgraded gift shop; a renovated health club and pool; and a full renovation of all 47 guest suites.

“Working closely with our architecture and design partners, we devoted a lot of time at the beginning of this renovation process to observing and considering our guests’ patterns of use,” said Boston Marriott Copley Place General Manager David Giblin. “The resulting renovation really accommodates guests’ needs – and those needs have changed significantly over the past several years. The new hotel flow is so sensible, and the design is stunning. We’re thrilled.”

On the hotel’s first floor, the front desk area has been relocated, and is now just inside the hotel doors, on Huntington Avenue. This highly visible placement, along with a curvilinear design, invites guests to glide easily through the check-in process. The adjacent, elliptical seating area features contemporary furnishings in shades of terracotta, sand and celadon, and provides a welcome place for guests to meet colleagues, check messages, or read the paper. Three completely new, mid-sized meeting rooms are also included in the first floor design, and will be completed by January 2010.

The hotel’s second level, at the bustling intersection of the Copley Place Mall and the Shops at the Prudential Center, has also been completely reinvented. The centerpiece here is the new Champions, a sleek, modern restaurant that features one of the largest HD projection screens in New England (12 x 24 feet), over 40 flat panel televisions, and a technologically-advanced sound system. The restaurant’s open, circular design is reminiscent of the European piazza – the beloved outdoor gathering place where people eat, drink and play games, while listening to favorite sporting events on the radio. Together with an all-American grill menu, 36 beers on tap, and hand-crafted cocktails, Champions is quickly becoming one of Boston’s newest dining and entertainment destinations. The second floor also now features a greatly expanded and fully redesigned Starbucks coffee bar, a new Connexion Lounge, a relocated business center, and a refreshed and redesigned Atrium Shop.

Additional hotel renovations include the health club area, which offers the latest cardiovascular and weight training equipment, as well as pool, hot tub, massage treatment rooms, and breathtaking city views. All of the hotel’s 47 guest suites have also been beautifully redesigned, with stylish new furnishings and appointments throughout.

“This transformative investment represents a strong vote of confidence in the city of Boston, and the project benefited from an outstanding design and construction team,” said Yanni Tsipis, Senior Vice President with Colliers Meredith & Grew, the Project Manager.

The Boston Marriott Copley Place is owned by Host Hotels & Resorts, Inc. Colliers Meredith & Grew is the Project Manager for these extensive hotel renovations; Gensler, a national design firm, is the Project Architect; and Structuretone is the General Contractor. The full project will be completed by first quarter 2010.

Source: Boston Marriott Copley Place




Gunderson Dettmer Leases 31,140 Square Feet at 850 Winter Street in Waltham, Massachusetts
October 7, 2009

Boston, Massachusetts — Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP, a leading law firm for entrepreneurs, emerging growth companies and venture capitalists, has executed a new 31,140-square-foot lease to relocate its New England headquarters from 610 Lincoln Street to 850 Winter Street in Waltham, Massachusetts. The move will occur in January 2010.

Colliers Meredith & Grew’s James Elcock and Elias Demakes represented Gunderson Dettmer in the transaction. Andrew Majewski of CB Richard Ellis New England represented the landlord, Davis Marcus Partners. Specifics of the lease transaction were not disclosed.

“It is an ideal move for Gunderson Dettmer,” said Elcock. “The firm will relocate to the newest building in the marketplace with on-site amenities such as food service, fitness, underground parking and immediate adjacency to Health Point gym while simultaneously enjoying the benefits of a campus setting.”

Built in 2008, 850 Winter Street is a LEED-certified, three-story, 180,000-square-foot Class A office and research building located in the prestigious Reservoir Woods office park. Earlier this year, Alkermes, Inc. announced plans to relocate its 115,000-square-foot corporate headquarters to 850 Winter Street from 88 Sidney Street in Cambridge in early 2010. Alkermes, Inc. was represented by Colliers Meredith & Grew’s Joseph Flaherty in the transaction.