Lee Partners of New England

IDEX Biometrics has extended their lease of 14,010 sq ft. of office and engineering space at 187 Ballardvale Street in Wilmington, MA. Bruce Lee with Lee Partners advised and assisted IDEX in a review of current IDEX office space requirements and with the negotiations with their landlord 187 Ballardvale LLC. This lease extension was the result of maintaining good relations and communication between IDEX and the landlord that resulted in a “win-win” outcome for both parties. IDEX was able to secure their space throughout 2021 during the Pandemic of 2020-2021; and the Landlord was able to keep a valued tenant during these unprecedented times. IDEX will now have additional time to determine its long term occupancy needs without the business interruption required by a immediate relocation decision.

The landlord will have the opportunity to continue to work with IDEX in an effort to meet their long term needs. Both parties benefited from this deal.Representing landlord management was  Marci Griffith Loeber of Griffith Properties. Representing the property was Brian Tisbert, Managing Director with Jones Lange & LaSalle.

Tingley Electric Services moves Headquarters office during the Pandemic of 2020!

Tingley Electric Services, Inc., located in Natick, MA relocated to 115 Cedar Street in Milford, MA during the month of November, 2020.  Bruce Lee of Lee Partners of New England, LLC represented the business owner Vincent Tingley and coordinated the search and acquisition process throughout 2020.  This required multiple property tours along the Rt. 495 suburban commercial real estate market area.  The Tenley Electric requirement was for a combination of corporate offices,  conference training room space, and warehouse space for storage of materials to meet expansion needs.  Tingley Electric is unique in that as an electrical contractor they service the residential market only – as opposed to most other electric companies servicing both commercial and residential customers in this area.  Tingley Electric maintains strict safety and health standards during the pandemic while employees visit customers –  and this has allowed this business to thrive and grow. Vincent Tingley (Vinny) is totally dedicated to his employees and his residential customers as he truly values long term relationships with customers, employees, and others within the communities he services.

Bruce Lee felt proud and honored to work with Vinny during the relocation process as the new location is a perfect fit for the space required –  and for the access to close-by roadway connections.

Representing the Landlord, Winston Holdings, LLC, was Alison Powers, Senior Vice President with Jones Lange LaSalle.  Jon Bovarnick represented and negotiated terms on behalf of Winston Holdings, LLC.

Bruce Lee of Lee Partners represented Big Picture Framing in the relocation of their industrial operations space in Stoneham to 3 First Avenue, Peabody, MA effective on July 1, 2020. Bruce represented and assisted Bob Clayton the co-founder and CEO of Big Picture Framing in the negotiations. Representing the owner was Mark Shapiro of The Drumlin Group. Big Picture Framing has 14 operating retail stores in the Boston metro area that were recently allowed to “open up” according to Massachusetts state guidelines. Bob indicated that the stores were experiencing strong startup business from pent-up customer demand. Let’s hope this trend continues into the future.

3 First Avenue, Peabody, MA

Bruce Lee of Lee Partners of New England represented IDEX Biometrics in the extension of their lease at 187 Ballardvale Street in Wilmington, MA. The lease extension allows IDEX to further review their future office space requirements during the ongoing Coronavirus Pandemic – as they expect accelerated growth in the future with their expanding business. Bruce worked

closely throughout the transaction with Derek D’Antilio, CFO, and Kristen Ryan, Office Manager for IDEX Biometrics to achieve this lease extension. The Landlord – 187 BOP TT, LLC and Griffith Properties – were represented by Brian Tisbert, Managing Director with Jones Lange LaSalle of Boston, MA.

Marci Griffith Loeber, Managing Principal with Griffith Properties , cooperated with the IDEX Biometrics extension request and was instrumental in approving the transaction.

Broadcast Pix has moved from their location at 27 Industrial Way in Chelmsford to 141 Middlesex Street in Tyngsborough, MA . Bruce Lee of Lee Partners represented Broadcast Pix in the search and selection of their new headquarters location in Tyngsborough. The owner of the Tyngsborough space was represented by Taylor Saulnier, Associate and Jeremy Cyrier, President of Mansard Commercial Real Estate. Bruce Lee helped Graham Sharp, CEO and Kelley Downing, Office Manager for Broadcast Pix throughout the relocation process. Graham Sharp, CEO was especially pleased with the search process and results that Bruce Lee was able to achieve.

141 Middlesex Street in Tyngsborough, MA

Bruce Lee of Lee Partners of New England represented the Deflice Family Land Trust in the sale of 3 Loomis Street, Bedford, MA – a 5,4000 sq ft. office building to Jerry McNamara. Jerry is the founder and president of Builderware – a company that focuses exclusively on providing business to business e commerce solutions that allow companies to market and sell more effectively than thru direct customer relationship channels. Lee Partners also represented the buyer in the transaction. Extensive renovations are underway to transform the building into the new world headquarters location for Builderware. The building had been in the Deflice family since it was built by Dominic Deflice Sr. in 1985. Bruce Lee has been the leasing agent and the sales agent for the Deflice family since 3 Loomis Street was converted to a commercial property.

3 Loomis Street, Bedford, MA

Bruce Lee of Lee Partners of New England represented Jeff Goldberg of Sarajeha Realty Trust in the sale of a 21,600 sq ft Lexington office building to 4 Militia LLC in February of this year. David Smerling, Jeff’s attorney along with Jeff Goldberg helped immensely with the sale process. Bruce also represented the buyer in the $4,150,000 sale. The building was fully leased at the time of the sale. The new buyer has made infrastructure improvements – and will self- manage the property. Jeff Goldberg, longtime owner of this building, was very happy with the sale outcome that Bruce was able to achieve especially after back-filling the then available vacant office space with a long-term new tenant.

$4,150,000 sale of 4 Militia Drive, Lexington, MA

Lee Partners of New England Managing Partner and commercial broker Bruce Lee, working on behalf of Kurian Limited Partnership, has brokered the sale of 101 N. Meridian Avenue a one- acre parcel in the Channelside District of downtown Tampa Florida for $6,075,000.

Lee Partners teamed up with the Avocat Group located in Tampa FL for the assignment.

“The Avocat Group brokerage team consisting of Co-Founder Walt Batansky; Matt Sultenfuss SIOR: and Shirley Smith, Office Manager provided outstanding “on the ground” professional  brokerage support over a multi-year process, an ultimately successful marketing effort“, said Lee.

The 101 N Meridian site was combined with 111 N Meridian Avenue and the City of Tampa approved  a mixed-use development project consisting of a total of 460,000 sq ft of retail, multifamily, and self-storage components for the project.  Construction is projected to commence in 2020 with completion scheduled for 2021-2022.

The proposed development required multiple professional groups working together to submit and gain approval for a city council zoning change, and after a lengthy process this allowed the project to move forward.

The buyer,  BlueTiger Properties, LLC – a Georgia Limited Liability Company.  The buyer was represented by Robert H. Gidel, Jr, Esq. with the law firm of Gardner, Brewer, Martinez- Monfort of Tampa, FL.  The seller, Kurian Limited Partnership was represented by Louis Levine Esq. with the firm of D’Agustine, Levine, Parra & Netburn, PC, located in Acton, Massachusetts.

“Rob Gidel Jr, Esq. was the key person leading the efforts for Bluetiger Properties to assemble the development team, meet with town residents and local officials, present project development components to the City Council, and ultimately earn the zoning change required to allow Bluetiger to purchase two parcels needed to win approvals for the proposed project” said Lee.

In addition,  “Rob provided crystal clear communications and professional guidance throughout the extended due diligence and approval and closing process”.

Commercial broker Steven Silverman of Tampa Commercial Real Estate represented Bluetiger Properties in the purchase.

Lee Partners represented ADCCO d/b/a Spinning Wheels Express in the leasing of 33,000 sq ft of trucking, warehouse , distribution, and office space at 10 Industrial Way, Amesbury, MA.

Bruce Lee of Lee Partners of New England assisted Spinning Wheels Express throughout the long term search process that resulted in a ten-year lease commencement with a
commencement date of November 1, 2019.

Spinning Wheels Express will be relocating from 1600 Osgood Street, North Andover, MA into 10 Industrial Way, Amesbury, MA – a large 270,000 sq ft multi-purpose warehouse and office facility. A critical component of the requirement was the need for a new facility to have parking for up to 35 fifty-three foot trailers on-site. The search process was extended, with locations considered throughout a geographic area that included the states of Massachusetts and New Hampshire. Spinning Wheels senior management team consisting of Neil MacIsaac, Director of Operations and Guy Chretien, Chief Financial Officer plus Jason Colacchio, President were all actively involved in the site search and final negotiations for their new trucking location. The 10 Industrial Way site in Amesbury met the large trailer parking need as well as the trucking, warehouse, and office components required for a long-term lease commitment.

The Landlord, RRAB Corporation President Robert (Bobby) Bendetson, and his son Austin Bendetson were very “hands -on” throughout the entire leasing process. They were both very helpful in providing access, site information, and vendor cooperation while their building was being considered.

Jones, Lange, LaSalle Managing Director William (Bill) Bailey facilitated negotiations on behalf of President Bendetson, and his negotiation recommendations helped secure the long-term lease that met the needs of both RRAB Corp and Spinning Wheels Express.

You can read more about the move at the website of Addco/Spinning Wheels here.

This is a great office location for a value-conscious professional user.

5,700 s.f. in up to 4 ready-to-move-in office suites.

Located in a vibrant area, a short walk for many amenities including restaurants, grocery store, shopping.

1275 Main Street is very close to shops, restaurants, and the Market Basket supermarket in west Waltham. This is the epicenter of the suburban Boston office market – surrounded by Class A offices and headquarters space, such as the adjacent neighbor: Clarks Shoes. Also, very close to Rt. 95 and a short drive to office parks to the south in Newton and Wellesley, and to the north in Bedford and Burlington.

We are happy to provide a tour and to share more of the details on this option.

Check out the leasing flyer here.