Resolve Technology Signs Lease at 300 First Avenue in Needham, Massachusetts
July 31, 2008

Boston, Massachusetts — Resolve Technology has executed a new 6,979-square-foot lease to relocate its headquarters from Boston, Massachusetts to 300 First Avenue in Needham, Massachusetts.

The Colliers Meredith & Grew team of Executive Vice President James L. Elcock and Vice President Elias T. Demakes represented the landlord, Three Hundred Realty Trust, in the transaction. Resolve Technology was represented by Senior Associate Michael R. O’Leary of DTZ FHO Partners. Specifics of the lease transaction were not disclosed.

300 First Avenue is a three-story, 75,000-square-foot Class A office building located a quarter mile from Exit 19 off Route 128 in the heart of the New England Business Center in Needham, Massachusetts. Amenities include on-site ownership/management, structured parking and easy access to numerous shopping and restaurants located within walking distance.

Beth Israel Deaconess Physician Organization, LLC Leases 8,442 Square Feet at 400 Blue Hill Drive in Westwood, Massachusetts
July 21, 2008

Boston, Massachusetts — Beth Israel Deaconess Physician Organization, LLC (BIDPO) has executed an 8,442-square-foot lease at 400 Blue Hill Drive in Westwood, Massachusetts, relocating from Renaissance Park in Boston. Senior Vice President Kristin E. Blount and Associate William C. Lynch of Colliers Meredith & Grew represented BIDPO in the transaction. First Vice President Nathanael G. Kessler of CB Richard Ellis – New England represented the landlord Cornerstone Corporation. Specifics of the lease transaction were not disclosed.

Built in 1980, 400 Blue Hill Drive is a three-story, 100,000-square-foot office building located at the Westwood Office Park in Westwood, Massachusetts. The building is within walking distance to the University Avenue Commuter Rail Station and is located near the University Avenue/Route 128 interchange, providing easy access to I-95, Route 24 and Route 93. Amenities include on-site management and food service, and a parking ratio of 3.15 spaces per 1,000 square feet.

“After reviewing various Boston and suburban options, 400 Blue Hill Drive was the best solution for BIDPO due to the building’s close proximity to the commuter rail, the area’s various amenities, as well as the proximity to the physician practices served by BIDPO,” said Lynch.

Fishman Transducers, Inc. Leases 32,978 Square Feet at 6 Riverside Drive in Andover, Massachusetts
July 17, 2008

Boston, Massachusetts — Fishman Transducers, Inc. has executed a 32,978-square-foot lease at 6 Riverside Drive in Andover, Massachusetts for its headquarters. The tenant is will be relocating from 340 Fordham Road in Wilmington, Massachusetts in the fall of 2008.

Colliers Meredith & Grew Senior Vice President Matthew J. Daniels and Assistant Vice President Christopher E. Lawrence represented Fishman Transducers in the transaction. Partner Brian M. McKenzie of Richard Barry Joyce & Partners represented the landlord CrossHarbor Capital Partners LLC. Specifics of the lease transaction were not disclosed.

Built in 1989, 6 Riverside Drive is a two-story, 77,048-square-foot R&D building located within the Andover Research Park in Andover, Massachusetts.

Buckingham Browne & Nichols Leases 27,000 Square Feet at 40 Belmont Street in Watertown, Massachusetts
July 10, 2008

Boston, Massachusetts — Buckingham Browne & Nichols, a coeducational day school established in 1974, has executed a 27,000-square-foot lease for administrative and classroom space at 40 Belmont Street in Watertown, Massachusetts. The lease represents 100% of the premises formerly occupied by the New England School of Acupuncture.

Executive Vice President James L. Elcock of Colliers Meredith & Grew represented the landlord, the Archdiocese of Boston, in the transaction. Buckingham Browne & Nichols was represented by Senior Associate Ellie Fantini and Advisor Jennifer Nicholson of Grubb & Ellis. Specifics of the lease transaction were not disclosed.

40 Belmont Street is a three-story, 27,000-square-foot school building with frontage on both Belmont and Mount Auburn Streets in Watertown, Massachusetts.

"Given the property's location on the Cambridge/Watertown line, its immediate access to public transportation and ample parking, the property has always had very good activity,” said Elcock. “The Archdiocese is very pleased to have leased the property to Buckingham Browne & Nichols.”

Colliers Meredith & Grew Represents Acceleron Pharma for 74,816 Square Feet
July 7, 2008

Boston, Massachusetts — Acceleron Pharma, Inc. has doubled its space in Cambridge, Massachusetts. Joe Flaherty and Tucker Hansen of Colliers Meredith & Grew recently represented Acceleron in two leases totaling 74,816 square feet. Acceleron is a biopharmaceutical company developing novel therapeutics that modulate the growth of tissues including bone and muscle.

In a new transaction, Acceleron leased the entire 37,700-square-foot 128 Sidney Street building in Cambridge. Acceleron also agreed to a long-term lease extension on its existing 37,116-square-foot building located at 149 Sidney Street. The expansion doubles Acceleron’s administrative, laboratory and manufacturing space in Cambridge. The landlord, Massachusetts Institute of Technology, was represented in-house by John McQuaid and Patrick Rowe. Specifics of the lease transactions were not disclosed.

According to Nancy Sullivan, Acceleron’s Senior Director of Operations, “the 128 Sidney Street building enables Acceleron to take advantage of the building’s existing high quality laboratory spaces while the building’s flexible footprint and configuration allows us to economically and efficiently construct our second GMP manufacturing facility to support the company’s rapid growth.”

Spinnaker Management Group, LLC Subleases 60,000 Square Feet at 148 Ward Hill Avenue in Haverhill, Massachusetts
July 1, 2008

Boston, Massachusetts — Spinnaker Management Group, LLC has executed a 60,000-square-foot sublease at 148 Ward Hill Avenue in Haverhill, Massachusetts. Colliers Meredith & Grew Senior Vice President Matthew J. Daniels and Assistant Vice President Christopher E. Lawrence represented Spinnaker Management in the transaction. Senior Director Richard Ruggiero of Cushman & Wakefield represented GlobalWare Solutions, Inc., the sublandlord. Specifics of the lease transaction were not disclosed.

Built in 2000, 148 Ward Hill Avenue is a single-story, 86,600-square foot industrial warehouse building located within the Ward Hill Industrial Park in Haverhill, Massachusetts.

Colliers Meredith & Grew Arranges Two Leases Totaling 19,602 SF at Riverside Technology Center in Cambridge, Massachusetts
June 9, 2008

Boston, Massachusetts — The Colliers Meredith & Grew team of Tucker Hansen, Ben Coffin and Joe Flaherty recently represented The Abbey Group in two leases totaling 19,602 square feet at Riverside Technology Center in Cambridge, Massachusetts.

Seaside Therapeutics and EpiZyme executed 10,202-square-foot and 9,400-square-foot leases, respectively. Greg Lucas of CB Richard Ellis/New England represented Seaside Therapeutics in the transaction and Eric Smith and Jon Varholak of Richards Barry Joyce & Partners represented EpiZyme. Specifics of the lease transactions were not disclosed.

Located at 840 Memorial Drive, Riverside Technology Center is a 130,000-square-foot laboratory building located between M.I.T. and Harvard University, in close proximity to numerous biotech industry leaders. Amenities include a full-service cafeteria, on-site parking garage, easy access to Storrow Drive and the Massachusetts Turnpike, expansive views of the Charles River and adjacent access to Riverside Press Park.

Matthew J. Powers Joins Colliers Meredith & Grew's Development & Advisory Services Group
June 5, 2008

Boston, Massachusetts — Matthew J. Powers has joined Colliers Meredith & Grew as a Senior Vice President in the Development & Advisory Services group, focusing on life sciences and related industry sectors.

Mr. Powers has over 15 years of operations and project management experience in the life science industry. He has managed and developed over two million square feet of renovation and new construction projects for biology and chemistry laboratories, high-throughput screening laboratories, pre-clinical laboratory space, scale-up space, vivarium space, development and QC facilities, as well as biological and pharmaceutical commercial manufacturing and fill-finish facilities.

Prior to joining the firm, Mr. Powers was Vice President of Life Sciences for Murphy & McManus, LLC, which acquired Chimera Management and Research Institute, a company founded by Mr. Powers. He also gained extensive experience in strategic and facilities planning during his tenure at Wyeth Pharmaceuticals as the Director of Operations. Mr. Powers was responsible for all site activities at the 600,000-square-foot Wyeth Research campus in Cambridge, Massachusetts as well as developing the strategic facilities operations and capital management programs for the entire Wyeth Research and Development organization in North America.

Mr. Powers was appointed to the Economic Development Sub-Committee of the Massachusetts Biotechnology Council in 2007 and was the 2005 recipient of the Cambridge Chamber of Commerce Annual Excellence in Business Award for Leadership in Technology. He is a frequent guest speaker at Life Science industry conferences and has published articles in several industry trade journals.

"In Massachusetts the life sciences industry and related activities in the clinical, educational and research sectors are too significant to us not to have people like Matthew on our team,” said Daniel R. Quinn, Executive Vice President and head of the Development & Advisory Services group. “We are thrilled to have someone with his background to help us serve our clients better in these important and growing fields."

Mr. Powers earned a M.S. in Pharmaceutical Quality Assurance/Regulatory Affairs from Temple University and a B.S. and A.S. degree in Facilities Management and Planning and Architectural Engineering Technology from Wentworth Institute of Technology, respectively. He also has an A.S. degree in Civil Engineering Technology from Syracuse University.

Colliers Meredith & Grew Secures $12.6 Million B-Note for One Wayside Road in Burlington, Massachusetts
June 2, 2008

Boston, Massachusetts — Colliers Meredith & Grew’s Capital Markets group has secured a $12.6 million B-Note for an 80,000-square-foot expansion at One Wayside Road in Burlington, Massachusetts. The secondary financing was placed with the existing lender, State Farm, who has been the lender on the property since 2005. One Wayside Road is a 200,000+ square-foot Class A suburban office building, fully leased to Nuance Communications, Inc. The building is conveniently located in Burlington Office Park just off I-95 in Burlington, Massachusetts. Amenities include a fitness center, food service, on-site management, ample parking and highway access, all in a beautifully landscaped campus setting. There are also numerous amenities nearby, including restaurants, shopping centers, banking, and public transportation.

Colliers Meredith & Grew President Kevin C. Phelan and Vice President John J. Broderick represented the borrower, The Gutierrez Company, in the transaction. The two also did the original financing for the property in 2005. The new B-note is a seven-year, fixed-rate loan that is co-terminus with the original financing.

“We spent a lot of time upfront on the original financing contemplating the possible expansion of the building, so when the time came to expand, all parties were aware of what needed to happen.” said Broderick. “State Farm did a terrific job in delivering a very attractive deal in a time of very unsettled markets.”

Colliers Meredith & Grew Represents VisEn Medical in 23,000-Square-Foot Lease at 45-47 Wiggins Avenue in Bedford, Massachusetts
May 29, 2008

Boston, Massachusetts — VisEn Medical, Inc., a leading Massachusetts life science company in the field of molecular imaging, has executed a new 23,000-square-foot lease at 45-47 Wiggins Avenue in Bedford, Massachusetts. VisEn Medical will relocate from the 11,000 square feet it now occupies at 12 Cabot Road in Woburn, Massachusetts to 45-47 Wiggins Avenue in August 2008.

Joe Flaherty and Tucker Hansen of Colliers Meredith & Grew represented VisEn Medical in the transaction. Dan Cordeau of Jones Lang LaSalle represented Alexandria Real Estate Equities, Inc., the landlord. Specifics of the lease transaction were not disclosed.

45-47 Wiggins Avenue is a 38,000-square-foot, single-story flex building that has been fully renovated by Alexandria into a first class biotech laboratory facility.

“VisEn was attracted to 45-47 Wiggins Avenue by the opportunity to design and move into new state-of-the-art laboratory space in a building owned and operated by Alexandria, one of the premier developers and operators of life science properties in the region,” said Flaherty.

Colliers Meredith & Grew Brokers $90.5 Million Life Science Portfolio in Cambridge
May 29, 2008

Boston, Massachusetts — Colliers Meredith & Grew has successfully brokered the sale of a 148,116-square-foot portfolio of life science properties on behalf of a private family trust to the Massachusetts Institute of Technology (MIT) for $90.5 million. The transaction closed on May 2, 2008.

The Colliers Meredith & Grew team of Lisa Campoli, Joe Flaherty, Tom Hynes and Nick Herz represented the owner and procured the buyer.

The portfolio consists of four biotechnology properties: 185 Albany Street (48,000 SF), 195 Albany Street (48,000 SF), 148 Sidney Street (15,000 SF) and 149 Sidney Street (37,116 SF) in one of the nation’s strongest life science markets.

The properties are 100% leased to four tenants including MIT, Cubist Pharmaceuticals, Shire Pharmaceuticals and Acceleron Pharma and are located in Cambridgeport.

“This sale demonstrates that despite today’s constrained capital markets, liquidity still exists for well-located assets in strong submarkets,” said Campoli.

“With this acquisition, MIT recognized the attractiveness of this investment opportunity given the portfolio’s diverse rent roll of dynamic life science tenants,” added Flaherty.

Allurent, Inc. Signs 15,000-Square-Foot Lease at The American Twine Building in Cambridge, Massachusetts
May 14, 2008

Boston, Massachusetts — Allurent, Inc. has executed a new 15,000-square-foot lease to relocate and expand its headquarters at The American Twine Building located at 222 Third Street in Cambridge, Massachusetts.

Colliers Meredith & Grew Senior Vice President Theodore A. Lee represented both Allurent and the landlord, Transatlantic Investment Management, Inc., in the lease transaction. Specifics were not disclosed.

Built in 1875, The American Twine Building is a four-story, 114,364-square-foot office building located in Kendall Square in Cambridge, Massachusetts. The convenient location provides easy access to public transportation, shops, restaurants, hotels, downtown Boston and Logan Airport.

“Colliers, Meredith and Grew has been a valued resource to us over the years, assisting us in each transitional phase,” said Joe Chung, co-founder and CEO of Allurent. “Once again, they succeeded in making our move as painless as possible – finding us an ideal location in record time.”

Colliers Meredith & Grew Arranges Eight Leases Totaling 94,802 SF at Brickstone Square in Andover, Massachusetts
May 8, 2008

Boston, Massachusetts — Senior Vice President Matthew J. Daniels and Assistant Vice President Christopher E. Lawrence of Colliers Meredith & Grew has recently represented landlord, Transwestern Investment Company, in eight leases totaling 94,802 square feet at Brickstone Square in Andover, Massachusetts.

Unicare renewed its 57,649-square-foot lease and was represented by Vice President Flory McCarthy of Jones Lang LaSalle.

Devine, Millimet & Branch expanded by 4,151 square feet and now occupies 17,496 square feet.

Helium, Inc. expanded by 4,411 square feet and moved to a new 9,182-square-foot location in the park.

Constitution Capital executed a new lease for 7,340 square feet and was represented by Vice President Gian Starita of Lincoln Property Company in the transaction.

Capsule Technologie signed a new lease for 5,592 square feet and was represented by Managing Director Mark Cote of T3 Realty Advisors, LLC.

Spirit Foodservice Products, Inc. renewed its 4,555-square-foot lease.

Standard Capital Corporation executed a new 3,873-square-foot lease.

OneVision Software AG renewed its 2,460-square-foot lease.

Details of the specific leases were not disclosed.

“In addition to these transactions, we’ve seen substantial activity at the park from existing tenants, but more importantly, from active prospects touring in the market,” said Daniels. “Transwestern continues to show its commitment to Brickstone Square by providing a true, Class A environment along Route 495. It recently completed a $4 million capital improvement campaign to enhance common areas, build-out full floors on a speculative basis and upgrade signage to the park.”

“We feel we have a competitive advantage in the market due to Brickstone’s ability to provide tenants with flexibility in their growth plans, immediate access to Routes 495 and 93 and an outstanding amenity package,” added Lawrence.

Brickstone Square is a signature suburban business center with three first-class office and R&D buildings, totaling approximately one million square feet, in an attractive campus setting. Amenities include a 3,000+ space parking facility, a 564-seat cafeteria, a fitness center, a Bright Horizons Family Solutions day care, 24/7 security, volleyball courts and on-site property management. Located near the Route 495 and 125 interchange in Andover, Massachusetts, Brickstone Square is easily accessible from Routes 114, 133 and 125. Its buildings are within minutes of Andover’s MBTA Commuter Rail Station and Andover Center.

Colliers Meredith & Grew Announces Promotions
May 6, 2008

Boston, Massachusetts — Colliers Meredith & Grew is pleased to announce the appointment of two new shareholders in the firm.

Robert E. Cronin, Senior Vice President, Brokerage Group
Mr. Cronin joined the firm in 1998 and is a broker in the Suburban Brokerage group. He is a graduate of Boston College.

Neil J. Hurley, Senior Vice President, Development & Advisory Services
Mr. Hurley joined the firm in 2000 and is a senior member of the Development & Advisory Services group. He is a graduate of Harvard University and Boston University.

“We congratulate our new shareholders,” said Thomas J. Hynes, Jr., Chairman. “Their work ethic and determination is a driving factor in our firm’s continued success.”

Additionally, the company approved and announced the following promotions:

Theodore A. Lee, Senior Vice President, Brokerage Group
Patrick M. Buckley, Vice President, Brokerage Group
Elias T. Demakes, Vice President, Brokerage Group
Jeffrey H. Gates, Vice President, Brokerage Group
Jacquelynn E. Henke, Vice President, Development & Advisory Services
Christopher G. Zanni, Vice President, Development & Advisory Services
Suzanne M. Dowd, Assistant Vice President, Asset & Property Management
David B. Goodhue, Assistant Vice President, Brokerage Group
Christopher E. Lawrence, Assistant Vice President, Brokerage Group
Jonathan Z. Martin, Assistant Vice President, Brokerage Group
Michael J. McElaney, Assistant Vice President, Brokerage Group
Valerie A. Reid, Assistant Vice President, Asset & Property Management Services
Steven J. Rizzuto, Assistant Vice President, Asset & Property Management Services
Jessica L. Sawyer, Assistant Vice President, Development & Advisory Services
William C. Smith, Assistant Vice President, Asset & Property Management Services
Andrew C. Weesner, Assistant Vice President, Development & Advisory Services

“All of these individuals are proven leaders who have made significant contributions to Colliers Meredith & Grew. We are pleased to recognize their hard work and efforts,” said Kevin C. Phelan, President.

KlingStubbins Renews and Expands Lease at 1030 Massachusetts Avenue in Cambridge, Massachusetts
April 15, 2008

Boston, Massachusetts — KlingStubbins has renewed and expanded at 1030 Massachusetts Avenue in Cambridge, leasing a total of 21,388 square feet. Joe Flaherty and Tucker Hansen of Colliers Meredith & Grew represented KlingStubbins in the transaction. The landlord, Paradigm Properties, was represented in-house by John Caldwell. Specifics of the lease transaction were not disclosed.

Built in 1986, 1030 Massachusetts Avenue is a four-story, 65,942-square-foot Class A building located near Harvard Square in Cambridge, Massachusetts. The building is easily accessible by public transportation via the MBTA Red Line and buses and is within walking distance of restaurants, shops and hotels.

Brian L. Tisbert Joins Colliers Meredith & Grew as an Associate in Suburban Brokerage Group
April 4, 2008

Boston, Massachusetts — Brian L. Tisbert has joined Colliers Meredith & Grew as an Associate in the Suburban Brokerage Group, focusing on brokerage activities in the Route 128 and 495 markets, working closely with Senior Vice President Matthew J. Daniels.

Prior to joining the firm, Mr. Tisbert spent seven years at Brookwood Financial Partners, LP, a Beverly, Massachusetts-based private equity firm that invests in real estate and corporate securities, where he was consistently the top producer.

“Brian brings a great real estate background and experience to Colliers Meredith & Grew,” said James L. Elcock, Executive Vice President and Co-head of the Suburban Brokerage group. “He is a great fit and we are very pleased to have someone with his reputation and real estate aptitude on our team.”

Mr. Tisbert earned a B.A. degree in Communication Science from the University of Connecticut in Storrs, Connecticut. He is a resident of North Andover, Massachusetts.

Northstar Insurance Services, Inc. Signs Lease at 300 First Avenue in Needham, Massachusetts
April 1, 2008

Boston, Massachusetts — Northstar Insurance Services, Inc. has executed a new 7,901-square-foot lease to relocate its headquarters from Wellesley, Massachusetts to 300 First Avenue in Needham, Massachusetts.

The Colliers Meredith & Grew team of Executive Vice President James L. Elcock and Assistant Vice President Elias T. Demakes represented the landlord, The Interface Group, in the transaction. Northstar Insurance was represented by President & Founder Paul A. Simard, Jr., of The Simard Company, LLC. Specifics of the lease transaction were not disclosed.

300 First Avenue is a three-story, 75,000-square-foot Class A office building located a quarter mile from Exit 19 off Route 128 in the heart of the New England Business Center in Needham, Massachusetts. Amenities include on-site ownership/management, structured parking and easy access to numerous shopping and restaurants located within walking distance.

Robert R. Brace Joins Colliers Meredith & Grew as Chief Financial Officer
April 1, 2008

Boston, Massachusetts — Robert R. Brace has joined Colliers Meredith & Grew as its new Chief Financial Officer and Senior Vice President, Administration. In his role as CFO, Mr. Brace has overall responsibility for the day-to-day operations of the firm and direct responsibility for the corporate and property accounting, legal, risk management, human resource, office management and IT areas.

Mr. Brace has over twenty-five years of financial and operations management experience in technology, insurance and banking industries. Prior to joining Colliers Meredith & Grew, Mr. Brace spent eight years as the CFO for CBE Technologies, Inc. and Odione Technology Group (which was merged into CBE Technologies in 2001), both Boston-based providers of information technology services.

Mr. Brace has a B.A. in Economics and Environmental Studies from Dartmouth College, and he and his family currently reside in Westwood, Massachusetts.

“Rob brings tremendous depth and experience to his role as Chief Financial Officer and will be a very important resource to our clients and staff. We are very fortunate to have Rob join us,” said Thomas J. Hynes, Jr., Chairman of Colliers Meredith & Grew.

RedTail Solutions, Inc. Signs Least at 69 Milk Street in Westborough, Massachusetts
March 27, 2008

Boston, Massachusetts — RedTail Solutions, Inc. has executed a 3,884-square-foot lease for its headquarters at 69 Milk Street in Westborough, Massachusetts. The Colliers Meredith & Grew team of Executive Vice President James L. Elcock and Associates William C. Lynch and Timothy P. O’Brien represented the landlord Eastport Real Estate Services, Inc. in the transaction. RedTail Solutions was represented by Vice President Mike Shreve of T3 Realty Advisors. Specifics of the lease transaction were not disclosed.

Known as Westborough Mill, 69 Milk Street is a three-story, 49,000-square-foot office building located one mile directly off Route 9 in Westborough, Massachusetts. Amenities include common conference room for all tenants, garden seating area, unique architectural brick and beam design, 12’-14’ ceilings and easy access to local shops and restaurants in downtown Westborough.

“With so many space options available in the ‘boroughs’, we are extremely pleased that RedTail chose to lease space at 69 Milk Street,” said Robert M. Bowen, President of Eastport Real Estate Services. “With the character attributes and period details of a mill building, 69 Milk Street is a great alternative to the typical office space in this market.”

Colliers Meredith & Grew Brokers Sale of 102 Otis Street in Northborough, Massachusetts
March 4, 2008

Boston, Massachusetts — Colliers Meredith & Grew has successfully brokered the sale of 102 Otis Street in Northborough, Massachusetts for $1.975 million to Otis Street Properties, LLC. The transaction closed on February 14, 2008. Executive Vice President James L. Elcock and Associates William C. Lynch and Timothy P. O’Brien of Colliers Meredith & Grew represented the seller, the 1986 Vincent D. Barletta Trust. President Eric O’Brien of O’Brien Commercial Properties, Inc. represented the buyer, Otis Street Properties, LLC.

Built in 1987, 102 Otis Street consists of 34,140 square feet of warehouse and office space situated on an 8.95-acre site in Northborough, Massachusetts. It is minutes from amenity rich Routes 9 and 495 providing access to local hotels, restaurants and shops.

“This was a great opportunity for the Vincent D. Barletta Trust and a well suited asset for the buyer to grow their operations,” said Elcock.

“I believe that Jim, Bill and Tim really went the extra mile and made this deal happen on beneficial terms for the Trust,” added Trustee John Bulman of Vincent D. Barletta Trust. “I am very pleased with our representation by the professionals at Colliers Meredith & Grew.”

Peptimmune, Inc. Renews 4,335-Square-Foot Sublease at 64 Sidney Street in Cambridge, Massachusetts
March 4, 2008

Boston, Massachusetts — Peptimmune, Inc. has renewed its 4,335-square-foot sublease at 64 Sidney Street in Cambridge, Massachusetts. Colliers Meredith & Grew’s Joe Flaherty and Tucker Hansen represented Peptimmune and the sublandlord, Alkermes, Inc., in the transaction. Specifics of the lease transaction were not disclosed.

Built in 1990, 64 Sidney Street is a 125,000-square-foot, five-story, Class A biotech building built by Forest City Development. The building is part of Forest City’s University Park at MIT complex, a 2.3- million-square-foot, mixed-use project built on 27 acres of land adjacent to the MIT campus in Cambridge. Park amenities include a hotel, conference center, restaurants, day care, parking, banking, and comprehensive park and building security.

Colliers Meredith & Grew Arranges Four Leases Totaling 25,796 Square Feet at New England Executive Park in Burlington, Massachusetts
February 27, 2008

Boston, Massachusetts — Representing landlord Equity Office, the Colliers Meredith & Grew team of John Carroll III, Matthew Daniels, Elias Demakes and Michael Zieja has negotiated four leases totaling 25,796 square feet at New England Executive Park in Burlington, Massachusetts.

TD Banknorth renewed its 7,286-square-foot lease at 7 New England Executive Park and was represented by Richard Sahakian of CB Richard Ellis/New England. Expressor Software Corporation signed a 7,269-square-foot lease for its headquarters at 1 New England Executive Park and was represented by David Campbell of The Codman Company. Xinnovation, Inc. and Kelly Services, Inc. also executed leases at 1 New England Executive Park for 6,313 and 4,923 square feet, respectively. Xinnovation was represented by James Halepis of UGL Equis and Kelly Services was represented by Debra Stevens of The Stevens Group. Specifics of the lease transactions were not disclosed.

New England Executive Park is a 10-building master-planned office park on 56 acres totaling more than one million square feet of Class A office space in Burlington, Massachusetts. Conveniently located, the property is 12 miles from downtown Boston and offers easy access to Routes 128, 3 and 93. Amenities include fitness facilities, food service, day care and on-site management. There are also numerous nearby amenities including restaurants, shopping centers, banking, and hotels.

Partnerwise Group Signs Lease at 890 Winter Street in Waltham, Massachusetts
February 27, 2008

Boston, Massachusetts — Partnerwise Group has executed a new 3,686-square-foot lease to relocate and expands its headquarters from Newton, Massachusetts to 890 Winter Street in Waltham, Massachusetts. Assistant Vice President Elias T. Demakes of Colliers Meredith & Grew represented Partnerwise Group in the transaction, working with Vice President Jay Nugent of Richard Barry Joyce & Partners who represented the landlord, ING Clarion. Specifics of the lease transaction were not disclosed.

Built in 1999, 890 Winter Street is a three-story, 173,070-square-foot Class A office building located in the Waltham Woods Corporate Center in Waltham, Massachusetts. Strategically located at the intersection of Route 128 and Winter Street, 890 Winter Street offers easy access to Route 2 and the Massachusetts Turnpike. Amenities include full-service cafeterias, conference facilities, fitness centers, a basketball court, putting greens and on-site property management.

Todd S. Alexander Joins Colliers Meredith & Grew as Vice President on Retail Brokerage Team
February 22, 2008

Boston, Massachusetts — Todd S. Alexander has joined Colliers Meredith & Grew as a Vice President, focusing on retail brokerage activities. Prior to joining the firm, Mr. Alexander was a Senior Property Manager for Carruth Capital in Westborough, Massachusetts.

“Todd brings a great background and experience to Colliers Meredith & Grew and is a great compliment to our existing retail team,” said Theodore J. Chryssicas, Senior Vice President and Head of the Retail Brokerage group. “He is a great addition to our group and we are very fortunate to have him join the firm.”

Mr. Alexander received his M.B.A. and B.S. in Business Administration from Northeastern University. He is a resident of Franklin, Massachusetts.

Colliers Meredith & Grew Represents Telephone Workers’ Credit Union in Downtown and Suburban Leases
February 21, 2008

Boston, Massachusetts — The Colliers Meredith & Grew team of Jim Elcock, Ted Chryssicas, Dave Goodhue and Jon Martin have negotiated two leases totaling 31,965 square feet on behalf of the Telephone Workers’ Credit Union.

Telephone Workers’ Credit Union signed a 24,097-square-foot lease at Granite Woods Corporate Center located at 350 Granite Street in Braintree, Massachusetts to relocate its headquarters, including back-office operations and administration, from downtown Boston. Telephone Workers’ Credit Union will also relocate its retail branch from its current South Shore Plaza location in Braintree to Granite Woods, where a separate retail entrance will be designed. Tom Kent, Sean Teague and Leeanne Rizzo of DTZ FHO Partners represented the landlord, Campanelli Companies, working with Peter Brown in the transaction.

"This assignment was over two years in the making, beginning as a build-to-suit project that turned into a broader site search prepared for the client by our Development & Advisory Services group,” said Elcock. “The challenge was the need to combine first-class office space along with a strong retail location with drive-up capabilities. Granite Woods was a perfect fit and Campanelli Companies was excellent to work with in finalizing this complex deal with multiple moving parts ranging from construction, zoning, security and even banking commission approval."

Granite Woods Corporate Center consists of two first-class office buildings totaling 166,587 square feet located at the intersection of Route 128/93 and 3, adjacent to the South Shore Plaza in Braintree, Massachusetts. The location provides convenient access to numerous restaurants, hotels, and retail amenities.

In addition to and contingent upon the Braintree deal, Telephone Workers’ Credit Union executed a 7,868-square-foot lease to relocate its downtown branch in Boston, Massachusetts from 150 Federal Street to 125 High Street. The Colliers Meredith & Grew Retail Brokerage team of Ted Chryssicas and Jon Martin negotiated on behalf of the tenant with Thomas Garden and Katherine Munroe from Tishman Speyer, the landlord, on this transaction.

125 High Street is a 1.5-million-square-foot complex, bounded by High, Oliver, Purchase and Pearl Streets in the heart of Boston’s Financial District. With a footprint of 2.5 acres, the complex is composed of two office towers and a renovated 19th Century building, connected by an 11-story glass atrium. The Oliver Street Tower is comprised of approximately 504,000 square feet distributed on 21 floors, while the High Street Tower rises 30 floors for a total of 920,832 square feet. The complex is further complemented by 131 Oliver Street, a six-story 40,000 square foot building. Although the three structures are connected, each features its own entrance and lobby.

“With the need to relocate and most of its membership within a two block area of its current location, the potential retail opportunities for relocation were scarce,” said Martin. “The opportunity with Tishman Speyer worked well, and Telephone Workers’ Credit Union’s ATMs will occupy the former UPS space on the corner of Pearl and High Streets and the new branch will be on the opposite side of the building at 131 Oliver Street with a highly visible presence along the Rose Kennedy Greenway.”

Once both leases were executed and all contingencies passed, Neil Hurley and Andrew Weesner of Colliers Meredith & Grew’s Development & Advisory Services group were hired as project managers by Telephone Workers’ Credit Union for its tenant buildout. Occupancy is scheduled for June 2008 in Boston and July 2008 for the Braintree location.

"We were happy to work with Colliers Meredith & Grew on this time-consuming and difficult transaction,” said Ken Dyer, President & CEO of Telephone Workers’ Credit Union. “The team addressed a wide spectrum of complex needs from timing to permitting and helped us find a suitable location for our new branch and office locations."

Colliers Meredith & Grew Announces New Shareholders
February 13, 2008

Boston, Massachusetts — Colliers Meredith & Grew is pleased to announce the following new shareholder appointments.

Roger W. Breslin, Vice President, Brokerage
John J. Broderick, Vice President, Capital Markets Group
Michael S. Edward, Senior Vice President, Brokerage
Lawrence T. Epstein, Vice President, Brokerage
Tucker L. Hansen, Vice President, Brokerage
Mary Sullivan Kelly, Chief Research Officer, Marketing & Research
Theodore A. Lee, Vice President, Brokerage
Edward J. Lowney, Senior Vice President, Property & Asset Management Services
Patrick J. Paladino, Senior Vice President, Brokerage
Seth I. Rosen, Vice President, Capital Markets
John F. Sullivan, Senior Vice President, Property & Asset Management Services
Thomas F. Welch, Senior Vice President, Capital Markets

“These proven leaders have made significant contributions to Colliers Meredith & Grew. We are pleased to recognize and reward their hard work and efforts,” said Thomas J. Hynes, Jr., Chairman.

“We congratulate our new shareholders,” said Colliers Meredith & Grew President Kevin C. Phelan. “Their work ethic and determination will be a driving factor in our firm’s continued success.”

Colliers Meredith & Grew Represents Colonial Systems in 57,600-Square-Foot Lease in Wilmington, Massachusetts
February 11, 2008

Boston, Massachusetts — Colonial Systems, Inc. has executed a new 57,600-square-foot lease to relocate its headquarters from Woburn, Massachusetts to 326 Ballardvale Street, Building 2 in Wilmington, Massachusetts. Associate Christopher E. Lawrence of Colliers Meredith & Grew represented Colonial Systems in the transaction, working with Vice President Thomas M. Aitken of NAI Hunneman who represented the landlord, RREEF. Specifics of the lease transaction were not disclosed.

Built in 1974, 326 Ballardvale Street, Building 2 is a single-story, 99,453-square-foot industrial warehouse located at the Route 125 interchange just off Interstate 93 in Wilmington, Massachusetts.

QC Solutions and Aushon Biosystems Execute Leases in Billerica, Massachusetts
February 7, 2008

Boston, Massachusetts — The Colliers Colliers Meredith & Grew team of Matthew Daniels, Tad Lee and Christopher Lawrence has negotiated two leases totaling 41,500 square feet representing QC Solutions and Aushon Biosystems in Billerica, Massachusetts.

QC Solutions has signed a 20,000-square-foot lease for its global headquarters at 29 Dunham Road in Billerica; a single-story, 70,000-square-foot light manufacturing building built in 1985.

Aushon BioSystems has executed a 21,500-square-foot lease to relocate its headquarters from Burlington, Massachusetts to 43 Manning Road in Billerica. Built in 1984, 43 Manning Road is a two-story, 43,228-square-foot light manufacturing building.

Jason Levendusky of CB Richard Ellis/New England represented the landlord, RREEF, in both transactions. Specifics of the leases were not disclosed.

1-800-PACK-RAT, LLC Leases 32,000 Square Feet at 10 Panas Road in Foxborough, Massachusetts
February 6, 2008

Boston, Massachusetts — 1-800-PACK-RAT, LLC a service leader in portable storage and moving solutions for residential and business customers, has executed a new 32,000-square-foot lease for its first New England location at 10 Panas Road in Foxborough, Massachusetts.

Working with 1-800-PACK-RAT's national broker, Associate Director Connor Faught of GVA Advantis in Washington, D.C., Colliers Colliers Meredith & Grew Executive Vice President James L. Elcock and Associates William C. Lynch and David B. Goodhue represented 1-800-PACK-RAT in the transaction at 10 Panas Road. Commercial Broker Taber Keally of M. Donahue Associates, Inc. represented the landlord, Hercules Realty Trust. Specifics of the lease transaction were not disclosed.

Built in 2002, 10 Panas Road is a single-story, 71,500-square-foot warehouse building located within a one half mile of Route 1 in Foxborough, Massachusetts.

"Due to its location and outdoor storage capabilities, this high bay warehouse provided a great solution for 1-800-PACK-RAT," said Elcock.

Colliers Colliers Meredith & Grew Brokers Sale of 40 Bearfoot Road in Northborough, Massachusetts to Campanelli Companies
February 4, 2008

Boston, Massachusetts — Colliers Colliers Meredith & Grew recently completed a sale/leaseback transaction for the Peterson Spring Regional Manufacturing Facility located at 40 Bearfoot Road in Northborough, Massachusetts to Campanelli Companies.

Colliers Colliers Meredith & Grew Senior Vice President Robert E. Cronin represented the seller Peterson American Corp. in the transaction, working with Principal of Acquisitions Stephen J.T. Murphy of Campanelli Companies, the buyer. The property sold for $4,000,000 and the seller entered into a leaseback of the entire facility with the buyer. The transaction closed on December 21, 2007.

Built in 1980, 40 Bearfoot Road is a single-story, 62,500-square-foot industrial building with major visibility on Route 290 in Northborough, Massachusetts.

"This is a "win-win" transaction whereby Peterson American gets to recapture the equity it has in the property via a sale/leaseback transaction and Campanelli receives immediate cash-flow with a potential future "value-added" redevelopment opportunity on a site that offers major visibility and identity on a major highway in Metro West," said Cronin.

Murphy of Campanelli stated, "The location and redevelopment potential along with an opportunity to incorporate Peterson American into our tenant roster helps us put all of our core real estate competencies to work in Northborough.

Colliers Meredith & Grew Joins Colliers International
February 1, 2008

Boston, Massachusetts — Today Boston-based Colliers Meredith & Grew, one of the top commercial real estate services providers in New England, joins Colliers International USA.

Established in 1875, Colliers Meredith & Grew brings leading market expertise in the areas of brokerage, capital markets, investment sales, advisory services, appraisal, management and research to Colliers. Colliers International is the second largest real estate firm in the world and has revenues in excess of $1.6 billion, currently operating in 95 cities in U.S. and more than 267 cities worldwide. The addition of Colliers Meredith & Grew meets one of Colliers' key strategic objectives to broaden its reach into the Northeast region of the U.S.

"Colliers Meredith & Grew has been a leader in the Boston real estate market for many years," says Rick Chichester, President of North America for Colliers International. "We are pleased to have a firm of this status join Colliers and look forward to a rewarding partnership of serving our mutual clients, as well as leveraging our global resources to grow our customer base in the Northeast."

Colliers Meredith & Grew will transition to the Colliers brand and be known as Colliers Colliers Meredith & Grew. Hynes will remain as Chairman, along with Kevin Phelan as President and Executive Vice President Ron Perry as Head of Brokerage.

"We are pleased to become a part of Colliers International," said Tom Hynes, Chairman of Colliers Meredith & Grew. "Colliers has a strong reputation both in the U.S. and globally and is well known for its client-centric business model. We are happy that we can continue to provide superior real estate services to our clients and the New England market with the full weight of our first-rate global Colliers partners behind us."

"Tom, Ron and I, along with our colleagues on our Executive Committee - Lisa Campoli, David Douvadjian, Jim Elcock and Joe Flaherty - are dedicated to the company's continued growth and success. Colliers Meredith & Grew's entrepreneurial spirit and strong leadership team remains", added Phelan.

"This is a great opportunity for Colliers Meredith & Grew to have the advantages of a global platform to enhance our long-standing relationships in Boston", said Perry.

Incipient, Inc. Subleases 13,882 Square Feet from BuyerZone.com at 404 Wyman Street in Waltham, Massachusetts
January 22, 2008

Boston, Massachusetts — Incipient, Inc. has subleased 13,882 square feet from BuyerZone.com at 404 Wyman Street in Waltham, Massachusetts. Executive Vice President James L. Elcock, Senior Vice President John A. Carroll III, Assistant Vice President Elias T. Demakes and Associate John F. Dolan III represented both Incipient and BuyerZone.com in the transaction. Specifics of the lease were not disclosed.

Built in 1990 and renovated in 2005, 404 Wyman Street is a 449,900-square-foot, three-story, Class A office building located adjacent to Route 128 within the Hobbs Brook Office Park in Waltham, Massachusetts. Amenities include on-site management, a fitness center and food service.

Colliers Meredith & Grew Represents CGL Electronic Security, Inc. in a 8,500-Square-Foot Lease in Norwood, Massachusetts
January 10, 2008

Boston, Massachusetts — CGL Electronic Security, Inc., the premier leader in security management systems integration, has executed an 8,500-square-foot lease for its headquarters at 1400 Providence Highway in Norwood, Massachusetts. Colliers Meredith & Grew Executive Vice President James L. Elcock and Associates David B. Goodhue and William C. Lynch represented both CGL Electronic Security and KS Partners, the landlord, in the transaction working with KS Partners' Chief Operating Officer Robert Macnamara and Vice President of Leasing James Grady. Specifics of the lease transaction were not disclosed.

Norwood Business Center located at 1400 Providence Highway is a three-building business park consisting of 23,000 square feet of office space and 133,000 square feet of single-story R&D space. The park is located approximately three miles south of the Route 128/ Route 1 interchange, and one mile from Route 95 in Walpole. The convenient location provides easy access to numerous restaurants, hotels, and retail amenities.

"CGL is experiencing rapid growth, and this facility offers us a dynamic base of operations to continue that growth into the future," said Ron Ludvigsen, President of CGL Electronic Security. "Colliers Meredith & Grew was very effective in understanding our needs, and helping us to analyze the options. It was a great pleasure working with them."

Fiduciary Trust Company Renews Lease at 175 Federal Street in Boston, Massachusetts
January 7, 2008

Boston, Massachusetts — Fiduciary Trust Company has renewed its 44,982-square-foot lease for its office at 175 Federal Street in Boston, Massachusetts. Executive Vice President Ronald K. Perry and Vice President Lawrence T. Epstein of Colliers Meredith & Grew's Boston Brokerage group represented Fiduciary Trust Company in the transaction, working with Managing Director Andrew Maher and Ryan Enright of Equity Office, the owner and manager of 175 Federal Street. Specifics of the lease transaction were not disclosed.

Built in 1977, 175 Federal Street, also known as the Fiduciary Trust Building, is a 17-story, 208,000-square-foot office building located at the corner of Federal and Summer Streets in downtown Boston. With its central location, 175 Federal Street offers easy access to I-93, the Massachusetts Turnpike and all major Massachusetts Bay Transportation Authority lines via South Station. Amenities include 24-hour security, food service and on-site management.

"Fiduciary Trust is a terrific tenant," said Andrew Maher, Managing Director of Leasing for Equity Office. "With the various alternatives available to them, we are thrilled they have made a long-term commitment to our building."

"We are delighted to be renewing our lease at 175 Federal Street, our home for the past 30 years," said Douglas R. Smith-Petersen, President and CEO of Fiduciary Trust Company. "Our clients, our employees, and our professional partners have all been well served by this convenient location in the heart of Boston's financial district."