For more information contact Leaura Levine, Marketing Associate.
Company closes on 350,000 SF, representing in excess of $97 million in contract revenue
February 26, 2009NEEDHAM, MASS - February 26, 2009 - The Bulfinch Companies, Inc., a Needham-based real estate investment and development firm, today reported strong leasing activity for both the fourth quarter and full year 2008 in connection with its Greater Boston commercial real estate portfolio.
During 2008, Bulfinch closed on lease transactions totaling approximately 350,000 square feet of space, representing in excess of $97 million of total contract revenue.
"Bulfinch is pleased to welcome Autodesk, Curtiss-Wright, UCG, TIFF, Siemens and Verizon Wireless to our portfolio," said Mike Wilcox, director of leasing. "We look forward to providing them, as well as all of our tenants, with quality assets and superior service for many years to come. These transactions demonstrate Bulfinch's ability to understand a tenant's needs in this challenging economic climate."
Accoring to Bulfinch CEO Eric Schlager, " In spite of a very challenging economic environment, 2008 represented one of the firm's most successful leasing years."
The company increased overall portfolio occupancy levels by 9 percent year-over-year.
Bulfinch is an entreprenuerial, 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 in excess of $1 billion in commercial real estate.
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