Bulfinch Fully Leases 117 Kendrick Street in Needham, MA
BOSTON, MA – February 24, 2020
The Bulfinch Companies, Inc. (Bulfinch),a Boston-based, private commercial real-estate investment firm, announced today that it has fully leased 117 Kendrick Street in Needham, MA. Workbar and Waterstone Properties are both set to join the list of high-profile tenants at the building.
Workbar, a company providing coworking space, has signed a long-term lease for 16,893 SF of office space. Mike Wilcox, SVP, Director of Leasing at Bulfinch, represented the ownership in the transaction. Rob Bryne, Managing Director at Cushman & Wakefield, represented the tenant, Workbar. 117 Kendrick will be Workbar’s first coworking space in the Needham Crossing/ N2 Innovation District providing more flexibility to a variety of tenants in the area.
Waterstone Properties Group, Inc., a commercial real estate development company, has also signed a long-term lease at the property for 11,886 SF of office space. Wilcox again represented the ownership in the transaction. Gary May, an independent broker, represented the tenant, Waterstone.
117 Kendrick Street is located in Needham Crossing business park within the N2 Innovation District, one of Greater Boston’s leading tech hubs. The location boasts quick and direct access to I-95/Route 128 and the 128 Business Council Shuttle Service to the MBTA Green Line.
“Bulfinch is pleased to have Workbar and Waterstone join the list of notable tenants at 117 Kendrick Street.” stated Eric Schlager, CEO at Bulfinch. “The addition of both tenants to the property provides a synergy with Bulfinch’s substantial portfolio, and Workbar will bring much-needed coworking space to the N2 District.”
Bulfinch acquired the property in 2014. Recognizing the growing demand for technology and life science space, Bulfinch identified key renovations to the property’s systems, common areas and outdoor spaces to reinvigorate the building. Lobbies have been transformed from outdated designs to modern, light-filled and welcoming entrances that enhance visitor and tenant experiences as they enter the building. An updated outdoor courtyard compliments the interior upgrades with multi-tiered seating options, accompanied by a gas fireplace and thoughtfully placed landscaping.
The updated interiors extend the work environment outside of offices to include the street and communal areas. By creating welcoming spaces with inviting furniture, the building layout promotes social interaction and the ability for people to casually meet in small groups, a natural extension of Workbar’s coworking environment.
117 Kendrick tenants enjoy a full-service cafeteria, fitness center and lounge and use of the HqO tenant engagement app to increase communication and provide tenants with a variety of on-site amenities and perks at local retailers. The building has earned a Gold Level Wired Score and is pursuing LEED Silver Certification.
Workbar and Waterstone will join prominent tenants at 117 Kendrick including Candel Therapeutics, Verastem Oncology, Warner Brothers, Standing Stone Games, Enservio, Firestone Financial and BBK Worldwide.