10:00 AM
Newmark Grubb Knight Frank (NGKF) is pleased to announce that Senior Managing Directors Ryan Weber and Jason Cameron, along with Director Joe Pearce, recently completed four leases totaling 18,362 square feet at RS56 (52-56 Roland Street) in Charlestown, Massachusetts on behalf of their client Paradigm Properties, a Boston-based commercial real estate investment and management firm.
The recent transactions completed by Weber, Cameron and Pearce at RS56 include a 7,871-square-foot lease to par8o, a national leader in referral management solutions; a 5,656-square-foot lease to HAKS Engineering, P.C., a full-service consulting engineering firm; a 1,357-square-foot lease to Global Research Innovation and Technology, Inc. (GRIT), a social enterprise start-up based in Cambridge, Massachusetts; and a 3,478-square-foot lease to Sproxil, Inc., a global brand protection specialist company.
“We are excited to be adding four more innovative companies with Cambridge roots to the RS56 portfolio of tenants,” said Weber. “The building offers companies the opportunity to occupy fully-renovated, brick and beam office space in a convenient setting and location. These recent lease signings further prove that RS56 is a great solution for growing companies looking for high-quality office space at an affordable rate with flexible terms.”
“In addition to the leasing activity the completion of various interior and exterior renovations have been well received in the market,” said, John Caldwell, President of Paradigm.
RS56 is a three building, multi-tenant Class B office/flex property containing approximately155, 000 square feet of net rentable area on a 4.476 acre parcel of land. The majority of the land is in the Charlestown neighborhood of Boston, and the balance is in Somerville. The building features non-traditional office finishes, collaborative open team space, an abundance of natural light, free parking, fitness facilities, an outdoor courtyard and is within walking distance of the MBTA orange line. In addition, the area provides a robust array of amenities including an eclectic mix of restaurants and retail such as banks, a post office, gas stations, and shopping in Union Square and Assembly Square.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.
About Paradigm
Founded in 1997, Paradigm Properties, LLC is a full service commercial real estate company, providing clients with a comprehensive and expandable suite of services that include asset management, property management, consulting and workout assistance, leasing management, and development services. Through its investment management affiliate, Paradigm Capital Advisors, LLC, Paradigm currently owns and manages more than 6 million square feet of office and industrial space in the northeast, mid-Atlantic, and mid-west through its offices in Boston, MA, Columbus, OH, and Hartford, CT. www.paradigmprop.com