Newmark is pleased to announce that it has recently completed three new leases to Morgan Stanley, Wellesley Bank and Global Advanced Metals totaling over 55,000 square feet at Park 9,100 - 112 Worcester Street, in Wellesley, Massachusetts. Newmark Executive Managing Directors Mark Roth and Debra Gould, and Managing Directors Matt Malatesta and Brendan Daly, represented the property owner, Sun Life Financial in procuring the tenants.
Park 9 is a Class A, four-building, 380,000-square-foot office park located in the city of Wellesley, Massachusetts. With easy access to Route 9 & I-95, the property features an amenity-rich campus, dual highway visibility, 1,000 covered parking spaces and high efficiency floorplates. Ownership’s recent investment in Park 9 include capital improvements such as a new façade at the 100 Worcester Street building, new café with a Starbucks barista, a personalized training gym run by Tilt Fitness, as well as an interactive lounge area, an outdoor central courtyard and walking trails.
The investment banking and financial services firm, Morgan Stanley, will be leasing over 40,000 square feet at 112 Worcester Street. In addition, Wellesley Bank will be leasing approximately 11,000 square feet at 100 Worcester Street. Lastly, Global Advanced Metals, a leading supplier of tantalum products, will be leasing approximately 5,000 square feet at 100 Worcester Street. Newmark’s team of Roth, Gould, Malatesta and Daly represented ownership in the new Park 9 leases, while Alex Dauria of JLL represented Morgan Stanley, Garry Holmes of RW Holmes Realty Co. represented Wellesley Bank and Neil Ross and Brian Morrissey of JLL represented Global Advanced Metals in the negotiations.
“We are pleased to have these three great companies join Sun Life Financial at Park 9,” said Tom Pedulla, executive vice president at Bentall Kennedy, a Sun Life Investment Management company. “Park 9’s superior location, new amenities and connection to public transportation really resonates with employers. We will continue our efforts to lease the remaining space at Park 9.”
Park 9 is located immediately adjacent to the intersection of Route 9 and I-95 and within minutes of the Mass Pike. It is also conveniently situated close to a variety of restaurants and hotels.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our 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. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), 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 “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 “BGCA”.
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