Cambridge Hanover, a leading privately held industrial property investment firm, is pleased to announce three transactions totaling 36,996 square feet at One Bunker Hill Business Center in the Charlestown section of Boston. The New Canaan, Conn.-based firm recently renovated the 53,794-square-foot formerly vacant printing building, attracting a diverse tenant base to its new, a state-of-the-art flex/lab facility.
Yet to move in, Hampshire House, a premier destination for venue space in Boston’s Beacon Hill, has leased 7,570 square feet for office and retail support; and Sonos, Inc., a developer of wireless multi-room music systems for the digital home, leased 20,000 square feet.
Federal Express Office, Inc. leased 9,426 square feet of flex/production space shortly before Newmark was named exclusive leasing agent for the property. The space has become a central processing and printing hub for the company.
“The lease signings are a testament to the revival of this building,” said Austin Smith, principal of Newmark, who leads the leasing team. “The remaining16,000 square feet can equally accommodate another flex space user or tenant with lab needs.”
Situated at the crossroads of Interstate 93, Rutherford Avenue, Storrow Drive and Memorial Drive, One Bunker Hill Business Center is an ideal flex building, according to Smith. Recent improvements include full-height windows around the entire perimeter, landscaping, a new entranceway, freshly painted interior walls, and increased parking with a ratio of almost 3 spaces per 1,000 square feet.
Newmark’s Smith represented both parties in the Hampshire House transaction. Tucker Hansen of Colliers International represented Sonos, Inc.
Newmark is one of the largest real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.