Newmark announces that Executive Managing Director Michael Frisoli, Senior Managing Director Richard (Tyler) McGrail and Associate Margaret Fee have completed 64,572 square feet in office lease transactions on behalf of owner, Campanelli-TriGate, at 100 Technology Center Drive in Stoughton, Massachusetts and 250 Royall Street in Canton, Massachusetts.
“It is our pleasure to represent Campanelli-TriGate with its leasing interests,” said McGrail. “100 Tech and 250 Royall are top of the market offerings for first class office space with the urban feel of a city and the ease of a suburban commute.”
Located in Stoughton, a south suburb of Boston, the team completed a 25,529-square-foot lease to Comtech Telecommunications, a 6,051-square-foot lease to Beth Israel Deaconess Hospital-Milton for administrative offices and a 3,808-square-foot lease expansion for Diesel Direct at 100 Technology Center Drive within the 188,311-square-foot office building, named 100 Tech. Characterized by its sleek common areas, high ceilings, abundant natural light and a technologically intelligent infrastructure, 100 Tech achieves the sophistication of an urban office space balanced by the ease of a suburban commute. The re-invigorated glass entryway leads to a robust amenity offering that is superior in suburban Boston. 100 Tech’s refreshing new design was conceived to meet the latest employer recruitment and retention goals, with employee satisfaction and high employee productivity in mind.
In neighboring Canton, Massachusetts, the team completed a 22,830-square-foot lease for national engineering firm Woodard & Curran and a 6,389-square-foot lease for software technology company Softrax, a division of Gold Acquisition Corp., at 250 Royall Street. 250 Royall is a three-story, 187,000-square-foot, newly revitalized, amenity rich office property with a first class workplace setting focused on supporting the corporate goals of its tenants and facilitating their ability to recruit and retain the best employees. The winning combination of a highly visible Route 95/128 location, a five space per 1,000-square-foot parking ratio, new high-quality amenities and a strong ownership make it an unmatched office space solution.
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 and cold storage 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 14 business parks in Massachusetts, over 22 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.
About TriGate Capital
TriGate is a Dallas, Texas based real estate investment manager focused on the recapitalization and repositioning of commercial real estate assets and companies. TriGate brings intellectual capital, financial sophistication and operating capability to middle market real estate investments. TriGate manages its business predominantly through fully discretionary funds which it believes provide a competitive advantage in the execution of its business given the need to move quickly and with certainty.
TriGate’s team has been responsible for acquiring over $11 billion of real estate assets through multiple types of transaction structures including real estate ownership, the acquisition of sub-performing and non-performing loans, investments in operating companies and equity investments to recapitalize real estate partnerships.
The company’s professionals have significant expertise in real estate operations, debt restructuring and recapitalizations. Additionally, the team has extensive expertise in real estate asset selection and in capitalizing transactions to weather different stages of the real estate investment cycle. TriGate invests in office, retail, industrial, hotel, multi-family and single family residential real estate assets in growth markets throughout the United States.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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