JLL Negotiates Nine New Office Leases Totaling Close to 100,000 SF
JLL has completed nine new office leases for FoxRock Properties in Braintree, Norwell and Weymouth.
BOSTON, July 15, 2020 – JLL announced that Managing Director Tom Kent, Executive Vice President Sean Lynch and Assistant Vice President Mike Keenan have completed nine office lease transactions totaling 98,538 square feet on behalf of owner, FoxRock Properties. Six transactions were completed prior to the State-mandated COVID-19 restrictions, while the remaining three transactions were completed during the restricted timeframe of the pandemic. The properties, located in Braintree, Norwell and Weymouth, are part of FoxRock’s 3.5 million square foot portfolio, primarily located in the Greater Boston area.
In Braintree, South Shore Elder Services, Smith & Brink P.C. and PbS Learning Institute signed leases for 37,029 square feet, 13,911 square feet and 3,212 square feet, respectively at 350 Granite Street, a recently transformed 168,000 square foot, first class office building. 350 Granite is also highly accessible for all commuters with easy access to several major highways as well as proximity to the MBTA commuter rail and bus stops and Logan Express shuttle service. Nuss Realty Group Principal Jay Nuss represented South Shore Elder Services; Colliers International Senior Vice President Stephen Woelfel represented Smith & Brink P.C in the transaction; and JLL represented PbS Learning Institute.
In Norwell, VetCor and Driscoll Insurance signed leases for 10,673 square feet and 9,038 square feet, respectively, of office space at 141 Longwater Drive, a thriving 270,000 square-foot medical and office campus. JLL represented the veterinary care network in their relocation to the Norwell campus; while A.W. Perry Executive Vice President Jon Gifford negotiated on behalf of the insurance company.
Also in Norwell, Mass State Lottery and Wells Fargo Advisors signed leases at 91 Longwater Drive for 8,976 square feet and 10,485 square feet of office space, respectively. Located within the well known Assinippi Park, the property features scenic pond views as well as shared amenities with 141 Longwater Drive which includes a full-service café, a fitness center, and a conference facility. Colliers International Senior Vice President Robert Cleary represented Wells Fargo Advisors in the deal.
Lastly, BHI Energy and CMK Development signed leases for 3,660 square feet and 1,513 square feet, respectively, at 97 Libbey Industrial Parkway in Weymouth, Massachusetts. With Route 3 tenant visibility and an on-site grab & go café, the first-class office space also offers convenient access to Route 128 and 93. Molisse Realty Group’s Casey Maloney negotiated on behalf of CMK Development in the transaction.
“We are excited to have several new companies become a part of our amazing tenant roster and to have other existing companies extend or expand their footprint within our portfolio,” said Matt Galt, Director of Asset Management at FoxRock Properties. “FoxRock takes great pride in building strong, long-term relationships with its tenants which is directly attributable to our transparency and communication with each tenant throughout their respective lease term.”
“These deals highlight the growing importance for companies to locate in emerging submarkets that are connected to talent, transit and amenities.” said JLL Managing Director Tom Kent. “FoxRock’s recent improvements to these buildings will deliver the first-class experience and value that office users in these markets are looking for.”
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About FoxRock Properties
FoxRock Properties is a team of experienced and dedicated professionals who own and manage a diverse portfolio consisting of over 3.5 million square feet of office, medical, biotech, retail and industrial space. They are based in Quincy, MA and focus their efforts primarily on the Greater Boston area. FoxRock Properties is a local investor with a long-term investment horizon — with every project they undertake, they aim to create value for their tenants, residents, and the community as a whole. For more information, visit: http://www.foxrockproperties.com.