Bulfinch Sees Robust Leasing Activity to Start 2021
BOSTON, MA – April 30, 2021
Bulfinch announced it has secured several new lease agreements for its Needham area properties. Bulfinch’s newest leases reflect a growing professional services and technology provider tenant base across the company’s Needham portfolio including its properties at 75 Second Avenue, 250 First Avenue, 144 Gould Street, and 102 Second Ave.
New tenants at 75 Second Ave include The Hilb Group, Sooho Law and Life Insurance of North America, an affiliate of New York Life. Bulfinch is also pleased to welcome new legal tenants at 250 First Ave including Altman & Altman, LLP and Brick, Jones, McBrien & Hickey. Other new tenants welcomed to the portfolio include Entravision Communications at 144 Gould Street, and Brede Caipcaik Dental at 102 Second Ave. Bulfinch has also signed several lease extensions and renewals, further demonstrating a strengthening suburban leasing market.
“Bulfinch is excited to welcome our newest leasing partners to our growing portfolio of tenants in the Needham area,” says Mike Wilcox, SVP, Director of Leasing at Bulfinch. “The addition of these leases reaffirms Bulfinch’s foresight for Needham as a growing hub for innovation and professional services, and we are confident in the value and vibrancy these companies bring to the area.”
The announcement of Bulfinch’s latest leasing agreements follows the company’s recent partnership with Newmark to lease available space at 117 Kendrick Street. The Needham property is a 213,000 SF office and lab building in the heart of the N-Squared Innovation District, Needham’s innovation hub and home to some of the nation’s fastest-growing and well-known technology companies such as Trip Advisor, Shark/Ninja, Big Belly Solar, Turbine, and IDG.
Bulfinch’s Needham properties are easily accessible via Route 128/I-95, feature MBTA shuttle services as well as free and dedicated parking. The location offers access to recreational outdoor activities including Cutler Park Reservation walking and jogging trails. Several of Bulfinch’s properties offer full-service cafeterias and fully equipped fitness centers as well as the HqO tenant engagement app to increase communication and provide a variety of on-site amenities and perks to local retailers.
Bulfinch’s portfolio includes multiple office and medical office properties along the Route 128 Corridor. Current medical office availability includes 2,500-5,000 square feet of space for lease just south of Needham at Gateway Medical Center located at 134 South Avenue in Weston, MA. 134 South Avenue is a two-story, 10,000 SF building ideally located at the intersection of I-90 (MA Pike), I-95 (Route 128) and Route 30 (South Avenue), making it one of the most convenient suburban medical office buildings in the Boston area. The property provides ample surface and covered parking, approximately 5.5 spaces per 1,000 SF, for tenants, patients and building guests.
The medical center is less than a 20-minute commute to downtown Boston, under 2 miles from the Riverside T station and is surrounded by affluent residential towns with an average household income of $192,000. With high branding visibility and a move-in ready office with full medical infrastructure, 134 South Avenue is a perfect location for any medical practice.
More information about Bulfinch’s portfolio and leasing availabilities can be found here: https://www.bulfinch.com/.