Press Releases

Press Releases | Boston

  • Colliers International Continues To Facilitate Space for Innovative and Start-Up Firms in Natick and Framingham

    BOSTON, MA, December 8, 2015 – Colliers International, Boston closed 10,000 square feet of space for two innovation companies, DOTS and E4TheFuture in Natick and Framingham, respectively. The Colliers team was led by Kevin Brawley and Stephen Woelfel Jr.

  • Colliers International Represents Canvys in 41k SF Lease, Reaffirming Healthy Leasing Demand In Marlborough

    BOSTON, MA, October 26, 2015 – Colliers International, Boston (“Colliers”) today announced it represented Canvys, a Division of Richardson Electronics, Ltd., in connection with a lease renewal for 40,650 square feet at 753 Forest

  • Colliers Boston Secures Wipro Bringing Occupancy From 60% to 90% in 12 Months at 1900 Crown Colony, Quincy

    BOSTON, MA, October 20, 2015 – The Colliers Boston team of Jim Elcock, David Goodhue, Caleb Hudak, and Dan Hines worked in collaboration with Jumbo Capital Management’s Jordan Berns and Jay Hirsh to reach an agreement that leased 9,352SF to Wipro Limited, a technology consulting company head quartered in Bengaluru, India with a presence in 67 countries worldwide. "We are very excited to welcome Wipro to the building. As a publically traded, globally recognized company, we feel the quality of their tenancy coupled with the long term commitment they made to the building is a natural fit with the existing roster of impressive tenants at the property," said Berns.

  • Colliers International closes sale of and secures financing for 1 Bunker Hill Business Center in Charlestown, MA

    September 24, 2015 - BOSTON, MA, – Colliers International (Colliers) announced today that it has closed the sale of and secured financing for Bunker Hill Business Center, a 52,944-square-foot flex office property located at 440 Rutherford Avenue in Boston, Massachusetts.

  • Colliers’ Cronin and Brawley Facilitate $4M Sale of Marist Center, Framingham, Ma.

    September 21, 2015 – BOSTON, MA – The Boston office of Colliers International advised Marist Fathers of Boston on its $4,050,000 sale of Marist House Retreat Center at 518 Pleasant St. in Framingham, a two-building property with a total of 50,077 square feet of space on a 28.72 acre site. The buyer of the property, Brendon Properties, has plans to redevelop the property as a Senior-Housing Townhome community. Robert Cronin, Senior Vice President and Kevin Brawley, Associate, both of Colliers, orchestrated the deal.

  • Colliers International arranges $21.5 million in refinancing for Poplar Plaza in Memphis, TN

    August 17, 2015 – BOSTON, MA – Colliers International (Colliers) announced today that it has arranged a $21.5 million refinancing for Poplar Plaza, a 351,419 square foot Kroger-anchored shopping center in Memphis, Tennessee. Often considered the genesis of the outdoor strip mall in the southern region, Poplar Plaza is a Memphis landmark that has remained a premier retail center for more than 60 years.

  • Colliers International closes $6.3 million financing for Pearl Street Lofts and Pearl Street Commons in Providence, RI

    BOSTON, MA August 13, 2015 – Colliers International (Colliers) announced today that it has arranged a $6.3 million refinancing for Pearl Street Lofts and Pearl Street Commons (the Property), a multibuilding mixed-use complex comprised of loft apartments, warehouse and office space, located in the Trinity Square urban village at Westminster Crossing in Providence, Rhode Island.

  • Jim Elcock of Colliers Quarterbacks over $20M of Land Deals in Westwood and Newton in Q2

    BOSTON, MA, July, 7, 2015 – The Boston office of Colliers International represented two land sales which saw the twelve acres at 375 Providence Highway in Westwood sold to Prime Auto Group for $16.3M, and approximately 3 acres at 70 Rowe Street, Newton sold to Dinosaur Capital Partners, LLC for $4.5M. Three new dealerships for Porsche, Audi and Acura will reside at the Westwood site while a Verizon Facility is planned for the Newton property. James L. Elcock, Executive Vice President, Colliers International, Boston, facilitated the sale of both properties.

  • Colliers International Announces Equity Raise and Financing for Development of State Street Lofts in New Haven, CT

    BOSTON, MA, July 22, 2015 – Colliers International (Colliers) announced today that it has arranged and closed joint venture equity and construction financing for the development of State Street Lofts, a 235-unit luxury multifamily project currently under construction in New Haven’s East Rock neighborhood.

  • CBRE, Colliers Broker 33,000-SF Sublease

    July 8, 2015 - The Real Reporter - SOUTHBOROUGH - Route 9 appears to be one ingredient helping this suburban west community attract marquee tenants these days, the latest example being a 33,000-sf commitment in a five-year sublease deal with Hewlett-Packard. The technology firm continues to shift its real estate holdings across New England and was eager to reduce its footprint here just as Colliers International was helping client Veristat accommodate its growth needs by finding a more mainstream home than Holliston.

  • Colliers' Douvadjian and Welch Arrange Financing For Over $50M in Three Separate Transactions

    BOSTON, MA, June 22, 2015 – The Boston Capital Markets team of Colliers International recently closed $50,702,500 of financing for commercial properties in Somerville, Carver, Peabody and Woburn from three separate sources including a bank, CMBS lender and insurance company. The Colliers team includes Executive Vice President , David Douvadjian, Senior Vice President ,Thomas Welch and Associate, John Poole.

  • Leasing Momentum Continues at 1900 Crown Colony, Quincy, MA

    BOSTON, MA, June 19, 2015 -- Boston, MA- Jumbo Capital Management, a privately held commercial real estate investment firm, has been a direct benefactor of the hot commercial real estate market of late in the Braintree/Quincy area. Jumbo, in collaboration with the Colliers International real estate team in Boston, has leased 36,584 square feet since closing on the building last August.

  • GBREB, uAspire Raise $210K for Scholarship Fund

    May 29, 2015 - Boston – At the inaugural Greater Boston Real Estate Board/uAspire Foundation Scholarship Fund Leadership Breakfast held at the Boston Harbor Hotel on Wednesday, commercial real estate luminaries Robert P. Beal and Kevin Phelan were honored, and Mayor Walsh gave an inspiring keynote about the importance of pursuing one’s dreams. What the event was truly about, for and by – was the kids. Hosted by Stephanie Grace and Niki Pelari, two students who were 2013 recipients of GBREB scholarship funding and are now entering their junior years of college. The lion’s share of the breakfast program put the focus where the organizers, honorees and the Mayor knew it belonged – on the students and their stories. That sentiment was echoed by Pelari in his opening remarks.

  • Colliers International Oversees $280M Sale of High Rise at 100 Cambridge St.

    BOSTON, March 20, 2015 — The Boston office of Colliers International, a global leader in commercial real estate services, orchestrated a deal which saw the 22-story building at 100 Cambridge Street, Boston, sold to Boston-based real estate company, Intercontinental Real Estate Corporation, for $280M. Colliers International’s Investment Sales team in Boston, with support from their Retail and Downtown Office Leasing groups, brokered the leasehold interest sale between Mass Development and Intercontinental. Colliers International’s Douglas Jacoby and Scott Dragos, both Senior Vice Presidents, were the drivers behind this massive transaction.

  • Colliers-Boston Lands Listing for Norwood Park South

    BOSTON, MA, March. 12, 2015 – The Boston office of Colliers International has won the listing for Norwood Park South, a 150,000 square foot three-building office park property in Norwood. The Colliers team made up of Stephen Woelfel, Daniel Hines and PJ Foster will serve as exclusive leasing agent.

  • Colliers Arranges Quick Execution of Multiple Leases along 495 South for Over 71,000 SF in Q4

    March 3, 2015 Boston, MA – The Boston team of Colliers International secured almost 71,000 square feet of office space for key office tenants in Q4 along the 495 South market. Tenants were eager to lock into office leases as rents in the suburbs begin to escalate. The suburban team swiftly negotiated the leases by year-end 2014.

  • Roseview-PMRG Fund I, LLC Retains Colliers to Lease

    January 6, 2015, BOSTON, MA – Roseview-PMRG Fund I (the "Fund"), a $250 million value-add discretionary fund formed by PM Realty Group (PMRG) and The Roseview Group in July 2014, recently acquired 100 CambridgePark Drive, a Class A, five-story, 135,572-square-foot office building just steps from the Alewife MBTA station in Cambridge, Massachusetts. This is the Fund's first acquisition which was formed to acquire and reposition office properties across the United States.

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