Spree of Leases at Elmwood Park Buildings in Hopkinton, MA
Hopkinton, Massachusetts – July, 2017 – SVN® | Parsons Commercial Group | BOSTON announced the completion of several leases at 88 Elm Street in Hopkinton, Massachusetts, part of a 5-building portfolio of over 40,000 square feet on almost 7 acres located just a few hundred yards off the I-495 on-ramp.
Commercial Real Estate Advisor, Marilyn Santiago, was hired to lease up the flex, office and warehouse properties. “We have completed over 13,000 square feet of leases and brought Building C up to 100% occupancy,” commented Santiago. “We have just one suite left in the entire park - a traditional flex unit consisting of 6,400 square feet of warehouse and office space,” commented, Owner, Finley Perry.
Building Blocks Academy, a local childcare center for children ages 4 weeks to 6 years old, expanded and leased 7,500 square feet, including an outside playground area. “We were left with 5,000 square feet and we began the search for a tenant that would complement the childcare center. We immediately leased the space to Kartwheel Kids who was looking to expand their current business already located in town. Kartwheel Kids was seeking to offer more classes and add a second location for a larger range of age groups. 88C Elm Street fit perfectly next to Building Blocks Academy with ample parking and the landlord’s flexibility to create a gym out of previously used office space.”
“The spaces that were vacant needed to be re-positioned, the layouts were not conducive to what tenants are seeking nowadays, such as more open areas and less offices. The ownership’s willingness to think creatively was a strong factor in being able to lease the spaces quickly,” added, Santiago.
Also new to the park is Sign Systems Solutions who leased office space at 88A Elm Street. Sign System Solutions specializes in signage programs for healthcare, educational, and corporate clients.