CBRE/NE Facilitates Over 22,000 SF in Transactions for Atlantic Tambone at 6 Kimball Lane, Lynnfield
Monday, December 2, 2013
CBRE/NE Facilitates Over 22,000 SF in Transactions for
Atlantic Tambone at 6 Kimball Lane, Lynnfield
CBRE/NE and Atlantic Tambone facilitate transactions
BOSTON (Dec. 2, 2013) — On behalf of Atlantic Tambone, CBRE/New England announced today that three leases totaling 22,209 square feet have been completed at 6 Kimball Lane in Lynnfield, Massachusetts. Babcock Power, a global, multi-product privately owned energy and environmental services systems enterprise, began occupying 5,120 square feet on the building’s second floor in October. International Transportation Group (ITG), a privately owned logistics company, will take 3,044 square feet on the second floor as well, beginning occupancy in December 2013.
Additionally, Investors Capital, a financial services holding company, has renewed their 14,045 square foot lease on the first and third floors of 6 Kimball Lane. Investors Capital initially occupied a small amount of expansion space in the building several years ago. In 2012, they relocated their entire operation into the building on an interim basis. They have now decided to extend their lease on a more permanent basis.
The CBRE/New England team of David Connolly, Senior Vice President/Partner, and Kerry Olson Hawkins, First Vice President, represented landlord Atlantic Tambone in the transactions. Kelleher & Sadowsky’s Don Mancini represented Babcock Power and Colliers International’s Tim Brodigan represented ITG. NAI Hunneman’s Jim Boudrot represented investors Capital.
“Babcock Power and ITG are terrific additions to our roster of tenants,” noted CBRE/NE’s Connolly. “Their decision to bring operations to this Class A property, and Investors Capital’s decision to stay, illustrates the value and benefit for tenants at 6 Kimball Lane.”
Developed in 1999 by Atlantic Tambone, 6 Kimball Lane is a 107,695 square foot, Class A office building located just off Route 128/Interstate 95 at Exit 42 on the Wakefield/Lynnfield line. 6 Kimball Lane is a distinctive four-story building offering the highest quality finishes in all public areas and tenant suites. A dramatic four-story atrium lobby with marble finishes affords individual corporate identity and an abundance of natural light. The building is also accessible to Route 1 and Interstate 93, just minutes from Boston and Logan International Airport. Furthermore, 6 Kimball Lane is within proximity to MarketStreet Lynnfield—a vibrant mixed-use development that will soon be home to Whole Foods, King's, Legal C Bar and Davio's.
About Atlantic Tambone
Atlantic Tambone is a commercial/industrial and residential real estate development and property management company with its offices at Six Kimball Lane in Lynnfield, MA. For additional information, please visit www.atlantictambone.com.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2012 revenue). The company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.