Bulfinch Builds Significant Leasing Momentum

250 First Avenue Needham, MA

NEEDHAM, MASS.- July 23, 2014 - The Bulfinch Companies, Inc., a private commercial real estate investment firm, is pleased to announce that it has experienced a significant increase in leasing activity this summer, and have signed multiple leases in buildings throughout its portfolio in Needham, Wellesley, Hingham, and Boston totaling over 50,000 sf.

Beaumont Financial Partners, LLC has signed a lease for 11,000 SF at First Needham Place at 250 First Avenue in Needham, MA. The first-class property developed by Bulfinch in 1998 will serve as the headquarters for Beaumont, with regional offices in Chicago, Houston and Naples, Florida. Established in 1981, Beaumont Financial Partners is a fee-based registered investment advisory firm specializing in wealth management for high net worth individuals and has been delivering a range of wealth management services to affluent individuals and families, small businesses, and nonprofits for over 30 years.

"First Needham Place’s exceptional and accessible location was a primary factor in Beaumont's decision to relocate its headquarters from Wellesley," said Michael Wilcox, Director of Leasing for Bulfinch. "We are pleased to welcome Beaumont to our roster of tenants and look forward to a long term partnership."

Tim Latham and Craig McDonald of Lincoln Property Company represented Beaumont in this transaction.

Also in Needham, Maxim Healthcare has signed a new lease for the former Isis Parenting space of 10,552 square feet at 110 Second Avenue. Maxim Healthcare is a leading provider of home health, medical staffing, and wellness services. Recent renewals in Needham include Extreme Reach, a leading provider of video advertising, which has extended the term of its lease and expanded its space at 75 Second Avenue, while CVS Pharmacy and NAIOP have both renewed leases at 144 Gould Street totaling 10,000 sf.

Additional leasing activity to note includes a new lease with Wellesley Investment Partners at 75 Central Street in Wellesley for 6,850 sf, and recent lease renewals with Mass General for 5,347 sf at 25 New Chardon Street in Boston, and Pond North and Regus both at 99 Derby Street in Hingham, MA for 3,471 sf, and 14,160 sf respectively.

Michael Wilcox, Director of Leasing for the company, represented all transactions. "We welcome our new tenants, and are very pleased to retain many tenants within our portfolio. First-class service and property management are key priorities for Bulfinch, and renewing with us as a landlord is a huge compliment", said Wilcox.

 

About The Bulfinch Companies, Inc.

Bulfinch is an entrepreneurial, value-added real estate investment firm
specializing in the development, acquisition, management, and
repositioning of commercial properties in Greater Boston. Since its
inception in 1936, Bulfinch has developed, acquired and repositioned more than $1
billion in commercial real estate. www.bulfinch.com