December 6, 2021 1:00 PM
Newmark announces the completion of 116,145 square feet of leasing activity across Campanelli’s Massachusetts office portfolio. Newmark Senior Managing Director Tyler McGrail, Vice Chairman Mike Frisoli and Associate Margaret Fee represented the owner, Campanelli, in the leasing.
Since the beginning of the second quarter of 2021, thirteen leases have been signed. New leases totaled 59,184 square feet, including tenants Aqua-Leisure and PRIME AE Group at 100 Technology Center Drive; Transamerica and Solera Holdings at 250 Royall Street in Canton; and Bay State Physical Therapy at 161 Worcester Road in Framingham. Lease renewals totaled 32,017 square feet and included tenants ReBuild, Greater Boston Urology, Robert Half, FX, Sustainable Energy, Movement Mortgage, Carewell and Connexion.
Prior to the second quarter of 2021, three leases totaling 24,944 square feet were signed to Blume Global at 250 Royall Street, and Aerotek and Moriarty Troyer & Malloy at Adams Place.
“We are very pleased with the volume of leasing that has been completed in the Campanelli portfolio over the past few months. It is a testament to Campanelli’s strength as a landlord to efficiently strike deals and attract Class A tenants in its 128 South and Metrowest market assets, alike,” said McGrail.
Established in 1947, Campanelli is a third generation, full-service commercial real estate development and acquisition company with extensive experience in the industrial, office, medical office, warehouse/distribution, retail, educational, cold storage, and multi-family markets. Campanelli began building homes during WWII and transitioned from residential to commercial real estate in the 1960’s. The team, known for their seamless ability to work with their clients and act as the “real estate division” of a company, has developed 15 business parks in Massachusetts, over 24 million square feet across the nation and provided international development consulting and site selection services. The company’s signature capabilities include land development, design and build, redevelopment and value-added acquisitions. It is Campanelli’s all-encompassing and quality services that have led to its successful track record as a highly regarded developer; from site selection, feasibility analysis, local, state and federal permitting, to architectural and engineering design, building construction and facilities and property management. For more information, visit our new website at Campanelli.com.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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