Colliers Meredith & Grew, 2009-08-31
by Laura L. Spressert
Boston, Massachusetts
Transwestern Investment Company (Transwestern), a principal investment firm specializing in commercial real estate, has added four new tenants to its Brickstone Square property in Andover, Massachusetts. The leases, totaling 28,438 square feet, will bring Hinckley, Allen & Snyder LLP, NuView Systems Inc., Old Republic Title Insurance Company and VKernel Corporation to the business center in the fall of 2009. The Colliers Meredith & Grew team of Matthew Daniels, Christopher Lawrence and Brian Tisbert represented Transwestern in the transactions.
Since purchasing Brickstone Square in late 2005, Transwestern has invested a significant amount of capital within the common areas of the building as well as the speculative and custom build-out of vacant space.
“Even in turbulent times, Transwestern is able to deliver a significant turnkey tenant improvement package and offer other incentives that make Brickstone Square an attractive option for new tenants,” said Daniels. “Transwestern is getting deals done in this marketplace.”
NuView Systems Inc., a global provider of human resources and payroll software tools, has executed a new 14,794-square-foot lease to relocate its headquarters from 155 West Street in Wilmington to 200 Brickstone Square in Andover, Massachusetts. The move is a 5,000 square-foot expansion for the firm. Matthew Daniels and Brian Tisbert of Colliers Meredith & Grew represented NuView Systems.
Old Republic Title Insurance Company executed a new 6,876-square-foot lease. Lawrence Epstein and Christopher Lawrence of Colliers Meredith & Grew represented Old Republic Title Insurance Company in the transaction.
VKernel Corporation, a provider of virtualization management and optimization software, signed a 4,379-square-foot lease to relocate its headquarters from Portsmouth, New Hampshire. Vkernel was represented by the T3 Advisors team of Greg Hoffmeister and Mike Taylor.
Full-service law firm Hinckley, Allen & Snyder LLP executed a new 2,389-square-foot lease which represents an expansion for the firm. Joseph Sciolla of CresaPartners LLC represented Hinckley, Allen & Snyder in the transaction.
Specifics of the lease transactions were not disclosed.
About Colliers Meredith & Grew
Colliers Meredith & Grew is a Boston-based commercial real estate company with integrated service groups including Brokerage, Capital Markets, Counseling & Valuation, Development & Advisory, Investment Sales, and Property & Asset Management. In addition to representing its core clients in New England, Colliers Meredith & Grew provides national and international real estate services to its multi-market clients as a member of Colliers International and as an owner/member of Strategic Alliance Mortgage LLC (SAM). Colliers International is a worldwide affiliation of independently owned and operated companies in more than 294 offices in 61 countries.
Contact Information
Laura L. Spressert, Assistant Vice President
Tel: 617-330-8061
Email: laura.spressert@colliersmg.com
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