Bulfinch Renews 18,463 sf Lease with Enservio at 117 Kendrick Street

NEEDHAM, MA — July 8, 2015—The Bulfinch Companies, Inc., a private real estate investment, development and management firm, today announced that Enservio has renewed its lease for 18,463 square feet at Cutler Lake Corporate Center at 117 Kendrick Street in Needham, MA.

Named by JD Power as a Top Ranked Carrier in Customer Satisfaction, Enservio, a leading provider of contents claim management software, payments solutions, inventory, and valuation services for property insurers was founded in 2004 and employs 400+ employees across the U.S. with its headquarters in Needham, MA.

“Our team has been incredibly impressed with the new ownership, Bulfinch, since they’ve taken hold of 117 Kendrick Street.” Said Neil Murphy, Senior Vice President at Enservio. “In short time they have made tremendous enhancements to the property, and their commitment to the asset and its tenants is quite clear. 117 Kendrick is a first-class property with first-class ownership, and because of this Enservio has chosen to extend its lease early.”

117 Kendrick Street is a 213,000 square-foot first-class office building in Greater Boston’s leading office market, and in the heart of the Needham Crossing business park. The single story property was completely renovated in 2001 and is ideally situated in Needham Crossing, a master-planned 3 million square foot business park in the N2 Corridor, Newton/Needham’s technology hub. The property’s location is easily accessible via Interstate 95 (Route 128) and is adjacent to the 700-acre Cutler Lake Reservation, with numerous walking and jogging trails. In addition, the property provides a shuttle service to the nearby Needham MBTA green line, free and dedicated parking, a full service cafeteria, and a fully equipped fitness center.

“We are extremely pleased to have retained another first-class tech company like Enservio at 117 Kendrick Street.” said Michael B. Wilcox, SVP, Director of Leasing at Bulfinch. “117 Kendrick Street is a highly desirable property for tech companies and delivers all the amenities today’s tenants demand. It is a perfect location for Enservio and we look forward to our continued long-term relationship.”

The transaction showcases the continued trend for leading technology companies to be located in hubs like the N2 Corridor that are retaining key tenants like Enservio, and attracting leading brands like Trip Advisor.

Brian Hines and Ryan Romano of DTZ represented Enservio, while Michael B. Wilcox, Senior Vice President and Director of Leasing represented Bulfinch.