MARIC, Inc. Executes 14,204 SF in Transactions at New England Business Center, Andover
Thursday, October 2, 2014
CBRE/New England Contact:
MARIC, Inc. Executes 14,204 SF in Transactions at
New England Business Center, Andover
MARIC, Inc. and CBRE/NE secure three tenants
BOSTON (Oct. 2, 2014) — On behalf of MARIC, Inc., a Needham-based owner, manager and developer of real estate in the Greater Boston area, CBRE/New England is pleased to announce that three leases totaling 14,204 square feet have been inked at 35 New England Business Center within New England Business Center in Andover, Massachusetts. MARIC, Inc. has owned and managed the four-building, 244,000 square foot, master-planned office park since December 2012. Vanasse & Associates, Inc. signed for 6,766 square feet, Old Republic Title Insurance Group for 5,141 square feet and Spruce Law LLC for 2,297 square feet.
CBRE/NE’s Kerry Olson Hawkins, First Vice President, represented the landlord in all of the transactions. Mohr Partners represented Vanasse & Associates, a New England-based traffic engineering, transportation planning and engineering firm. DTZ represented Old Republic Title Insurance Group, one of the largest title insurance groups in the country. Jones Lang LaSalle represented Spruce Law LLC, a law firm representing employers in a variety of employment and business litigation matters.
“Situated just 25 miles north of Boston, New England Business Center is a distinguished office park with terrific accessibility and a number of on-site amenities,” noted CBRE/NE’s Olson Hawkins. “These deals bring the park to 92% occupancy, which is a testament to MARIC, Inc.’s distinction as a landlord. Prospective tenant interest in the park remains strong.”
New England Business Center is a four-building, 244,000 square foot master-planned office park. The park encompasses 42 acres of land and features views of the Merrimack River and a natural wooded surrounding. Amenities include an on-site Little Sprouts Daycare, a cafeteria and fitness room with showers and lockers; a full-service Marriott Courtyard Hotel and Wyndham Hotel are adjacent to the office park. The park is ideally situated at the junction of Interstate 93 and River Road and is just minutes from Interstate 495 and Route 128. New England Business Center offers proximity to southern New Hampshire and convenient access from Boston.
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 and investment firm (in terms of 2013 revenue). The company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 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.