Newmark Grubb Knight Frank (NGKF) has successfully completed three lease transactions totaling nearly 59,000 square feet at 3 Batterymarch Park in Quincy, Massachusetts, on behalf of Sentient Jet, J. Calnan & Associates, Inc. (JC&A) and Topco Associates LLC. Led by NGKF Managing Director Peter Whoriskey and Executive Managing Director Michael Frisoli, the recent transactions were completed within the past few months.
In the first transaction, NGKF completed a 22,080-square-foot lease to Sentient Jet, a leading private aviation firm, who is relocating it’s headquarter offices from 100 Grossman Drive in Braintree, Massachusetts to 3 Batterymarch Park in Quincy. Founded in 1999 and now an integral part of Directional Aviation, Sentient Jet is the inventor of the Jet Card, allowing clients to purchase flight time in four jet size options with a one-year lock on hourly rates. The firm selected NGKF’s Whoriskey and Frisoli to identify relocation options for the firm’s headquarters.
“After thoroughly evaluating Sentient Jet’s requirements, we identified several relocation options for the firm,” said Whoriskey. “3 Batterymarch Park was ultimately selected because it offered our client great amenities as well as a prime location for continued recruitment. This new space will help strengthen the firm’s mission of client service, innovation and collaboration.”
“Sentient Jet is committed to offering our clients an unparalleled level of service, and as the trend to fly private with the flexibility of the Jet Card continues to grow, we wanted to relocate to a space that would support our company’s continued expansion as well,” said Andrew Collins, president and CEO of Sentient Jet. “NGKF found us an efficient new space for our headquarters that fit our requirements in a favorable location for our employees.”
NGKF’s Whoriskey and Frisoli also represented JC&A and Topco Associates LLC in long-term lease renewals at 3 Batterymarch Park. JC&A, a construction firm, inked an 18,416-square-foot renewal and Topco Associates LLC, a privately held company that provides innovative business solutions for its food industry member-owners and customers, inked a 17,940-square-foot renewal. Along with Whoriskey and Frisoli, NGKF’s J.R. McDonald, executive managing director, also represented JC&A in its lease renewal.
Owned by the National Fire Protection Association (NFPA), 3 Batterymarch Park is a 106,500-square-foot Class A office building comprising of five floors. The property is part of Batterymarch Park, a four-building, 50-acre office park located at the intersection of the Southeast Expressway, Routes 3 and 128 in Quincy, Massachusetts. Located 15 minutes from Boston, the park offers three full-service cafeterias, a conference center, fitness center, manned security as well as panoramic views of downtown Boston, Quincy Bay and the Blue Hills.
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 14,100 professionals operate from more than 400 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 http://www.bgcpartners.com/.