For Sale: Lexington Center

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lee Partners of New England has exclusively listed For Sale the building at 1844 Massachusetts Avenue in downtown Lexington, MA.

The property consists of approximately 8,000 sq ft of retail
and office space.

The1844 Mass Avenue location is ideal for tenants that want to be at
the center of Lexington to meet the needs of their clients. The property has been
impeccably maintained with retail space on the street level and quality office space on
three different levels. MBTA public bus transportation stops at the front Mass Ave
entrance providing access to the Alewife and Bedford communities. The property
represents a rare opportunity for an investor to own a commercial property in
downtown Lexington, MA.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lee Partners is actively showing the property to interested parties.

Posted in Uncategorized | Leave a comment

Fall Update: Successful Negotiations for Tenants

Lee Partners of New England represented two technology companies with their negotiations and relocation efforts this month.

Grow by Data relocated from downtown Lexington to 4 Militia Drive, Lexington. The
expansion space will allow Grow by Data to meet their expansion needs for now – and
the future. Prasanna Dhungel, Co-founder & Managing Partner of Grow by Data
indicated that 4 Militia LLC was very cooperative and responded quickly to the need for
Grow by Data to relocate into the building on a very short timeframe.

 


Ovitas, Inc., a world-class technology software company moved from their previous
headquarters building at 155 Middlesex Turnpike, Burlington, MA to 131 Hartwell
Avenue, Lexington, MA. This new location was an ideal fit for Ovitas to move into –
considering the existing move-in office space configuration that provided a match for
the “right sizing” of Ovitas operations. Bruce Lee with Lee Partners assisted with Jeff
Bettencourt, President of Ovitas efforts to identify and negotiate for the appropriate
relocation office space.

Posted in Uncategorized | Leave a comment

Late Winter Update

Lee Partners of New England helped three new tenants that recently leased office space at 5 Militia Drive, Lexington MA:

Leadoo Academy: Executives Zhenlin Li and Jinyu Liu on behalf of Leadoo Academy have leased 2593 sf of office space to commence operations of the top floor of 5 Militia Drive, Lexington MA. Representing Leadoo Academy was Wenjing Guo with Charles River Properties. Bruce Lee, Managing Partner with Lee Partners of New England represented the Landlord 5 Militia LLC.

Boston Northwest Home Care, Inc. dba Assisting Hands Home Care: has leased space at 5 Militia Drive, Lexington MA. Representing Boston Northwest Home Care was Dave Tasto, President of Assisting Hands Home Care. Bruce Lee of Lee Partners of New England assisted in the lease transaction.

MVP Medical Group, LLC, dba Core New England: relocating from Norwood, MA, has leased space at 5 Militia Drive, Lexington, MA. Representing MVP Medical Group / Core New England for the lease was Charlie Blaisdell. Bruce Lee, Managing Partner with Lee Partners of New England represented the Landlord 5 Militia LLC.

Posted in Uncategorized | Leave a comment

December 2022 Activity

Lee Partners of New England represented Boston Northwest Home Care in their headquarters relocation from Bedford MA to Lexington MA – leasing office space on the top floor of 5 Militia Drive.

Lee Partners of New England also represented Core New England in their relocation from
Norwood MA to 5 Militia Drive, Lexington, MA – leasing an ideal office suite for their ongoing medical practice.

 

Posted in Uncategorized | Leave a comment

Building Sale in Harvard, Mass.

Lee Partners represented 12 Lancaster County Road, LLC for the marketing and sale of 12
Lancaster County Road, Harvard, MA. This 8.9-acre parcel with 16,600 sf of office and research and development space was an investment property sale to Legacy Real Estate Ventures, LLC, Boston MA.

Representing Legacy Real Estate were Michael Price, Principal, and Jennifer Price Principal – Acquisitions and Asset Management. Key to the successful sale of this property was the long-term 10-year lease recently extended by Renaissance Electronics and Communications – as they plan to operate in this area for many years. Renaissance is a Defense and Aerospace electronics contractor. Assisting in the sale transaction was Timothy Nye – Controller for Renaissance Electronics.

Posted in Uncategorized | Leave a comment

Bedford Opportunity for Redevelopment

Lee Partners exclusively listed for sale the property located at 1 Railroad Avenue, Bedford, MA.

This land site of 38,451 sq ft has recently been re-zoned by the Town of Bedford for more
downtown urban occupancy uses. These newly allowed uses include retail, residential, office, research, and other specialty uses. This is an outstanding opportunity for a new owner to complete a build-to-suit re-development at the site for a long-term use.

Posted in Uncategorized | Leave a comment

IDEX America Relocation Negotiation

 

Lee Partners represented IDEX America, Inc. in their relocation and long-term lease
negotiations for 8,200 sq ft of office and lab space with the new property owner of 187
Ballardvale, Wilmington, Ciminelli Real Estate Corporation. Chris Lawrence with Jones Lang LaSalle (JLL) and Chris Neelon with Ciminelli Real Estate represented the landlord.

Posted in Uncategorized | Leave a comment

Activity on Militia Drive, Lexington

Lee Partners assisted in the renewal and extension of leases within 4 Militia Drive and 5 Militia Drive, Lexington, MA.

At 5 Militia Drive: Mark Murphy Esq., Battle Road Research, and the TAP foundation extended their lease terms.

At 4 Militia Drive: Star Analytical Services relocated to new offices on the top floor.

Posted in Uncategorized | Leave a comment

Communities United Inc. – Office HQ Expansion and Lease Extension at 4 Militia Drive, Lexington, MA.

Communities United, Inc. –  a 501 c (3) non-profit organization has recently expanded their administrative office HQ location at 4 Militia Drive, Lexington, MA – and extended their lease commitment to ensure that this location will be their administrative office home-base far into the future.  The expanded space is expected to be completed and occupied during the first quarter of 2022.

Communities United Executive Director Terri Natale received Board approval to move forward with this commitment.  Commercial real estate broker Michael Hoban with Equity Industrial Partners represented Communities United in the lease transaction; and Bruce Lee with Lee Partners of New England represented the landlord 4 Militia LLC.

 

 

 

 

About Communities United, Inc.:

 

Communities United, Inc. – CUI’s mission is to provide high quality education and family services to a diverse population of approximately 300 children: of infant, toddler and preschool age, from eleven unique suburban communities along the Rte. 128 belt.  These communities include Arlington, Belmont, Brookline, Burlington, Lexington, Needham, Newton, Waltham, Watertown, Wellesley and Woburn.

 

Posted in Uncategorized | Leave a comment

AllPro expands in Sterling, MA

AllPro Corporation – a nationwide distributor of cleaning supplies has expanded into an additional 10,000 sq ft. of warehouse space at 12 Industrial Drive, Sterling, MA.  The company now will be leasing the property as a single-tenant occupying the entire building consisting of a total of 45,000 sq ft.  Bruce Lee Managing Director of Lee Partners of New England represented AllPro along with Shirley Smith, Director of National Accounts with the Avocat Group, Tampa, FL.  The expansion will take place during the first quarter of 2022.

 

AllPro Corporation is a B2B cooperative consisting of a network of over 270 independent paint and decorating products dealers throughout the United States, Canada, Mexico and parts of Europe.

Posted in Uncategorized | Leave a comment