{"id":1004139648,"date":"2016-03-18T07:19:04","date_gmt":"2016-03-18T15:19:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004139648"},"modified":"2020-05-19T00:02:31","modified_gmt":"2020-05-19T08:02:31","slug":"cbre-hired-as-leasing-agent-for-three-building-boston-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-hired-as-leasing-agent-for-three-building-boston-portfolio\/","title":{"rendered":"CBRE Hired as Leasing Agent for Three-Building Boston Portfolio"},"content":{"rendered":"<p><em>By Bogdan Odagescu, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004139649\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/300-Ballardvale-St-Yardi-Matrix.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004139649\" data-attachment-id=\"1004139649\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-hired-as-leasing-agent-for-three-building-boston-portfolio\/300-ballardvale-st-yardi-matrix\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/300-Ballardvale-St-Yardi-Matrix.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"300 Ballardvale St., Wilmington, Mass.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;300 Ballardvale St., Wilmington, Mass.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/300-Ballardvale-St-Yardi-Matrix.jpg?w=640\" class=\"wp-image-1004139649 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/300-Ballardvale-St-Yardi-Matrix.jpg\" alt=\"300 Ballardvale St., Wilmington, Mass.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/300-Ballardvale-St-Yardi-Matrix.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/300-Ballardvale-St-Yardi-Matrix.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004139649\" class=\"wp-caption-text\">300 Ballardvale St., Wilmington, Mass.<\/p><\/div>\n<p><strong>Boston<\/strong>\u2014<a href=\"https:\/\/www.berkeleyinvestments.com\/\" rel=\"nofollow\" target=\"_blank\">Berkeley Investments<\/a>, a Boston-headquartered investment and development company, recently hired <a href=\"https:\/\/www.commercialsearch.com\/news\/major-cbre-units-get-new-leaders\/\" target=\"_blank\">CBRE<\/a>\/New England as exclusive leasing agent for a three-building, office\/flex portfolio comprising 310,000 square feet. The marketing efforts for the Wilmington, Mass. assets will be led by CBRE\u2019s Mark Reardon, Jason Levendusky, and Jake Borden.<\/p>\n<p>Located just off the Northern Expressway\/I-93, halfway between Boston and the Massachusetts-New Hampshire border, the three properties were bought by Berkeley from <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-completes-8b-acquisition-of-biomed-realty\/\" target=\"_blank\">The Blackstone Group<\/a> in December, 2015 for $22.2 million.<\/p>\n<p>299 and 301 Ballardvale St., the two single-story flex properties within the portfolio, are currently home to tenants including Hub International, Automated Engineering (AEI), and Tecomet Inc. The third property, located at 300 Ballardvale St., is a two-story, 114,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\">office asset<\/a> built in 1985. According to CBRE, the office building recently underwent capital improvements worth in excess of $1 million. Berkeley plans to further upgrade all three assets in order to reposition the portfolio within the competitive I-93 corridor.<\/p>\n<p>\u201cWith rents increasing throughout the Boston market, these properties are well-positioned to offer the region&#8217;s innovative tenants high-quality flex, light manufacturing and office space at a lower price point than other suburban markets,\u201d said Young Park, president of Berkeley Investments, in prepared remarks.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berkeley Investments plans to further upgrade all three assets in order to reposition the office\/flex portfolio within the competitive I-93 corridor. <\/p>\n","protected":false},"author":740,"featured_media":1004139649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,21743,21748,21742,10,21747],"tags":[],"class_list":["post-1004139648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-deals","category-industrial","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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