Boston— Newmark Knight Frank (NKF) and Paradigm Properties announced the completion of a lease expansion for Piaggio Fast Forward (PFF) at RS 56 in Boston.
Located at 52-56 Roland Street in Boston, PFF will increase its current 6,000 square feet of office space to roughly 20,000 square feet. NKF Senior Managing Directors Ryan Weber and Jason Cameron with Director Joe Pearce represented Paradigm Properties in the lease negotiations.
Piaggio Fast Forward (PFF) was founded in 2015 by the Piaggio Group, Europe’s leading manufacturer of light vehicles, whose portfolio includes such iconic brands as Vespa, Aprilia, and Moto Guzzi. PFF’s mission is to revolutionize how people and goods move around 21st century cities by designing, developing, and manufacturing new kinds of vehicles. PFF is the latest company to choose RS 56 for its brick and beam environment, location and ability to meet the needs of technology and life science tenants.
“Our employees enjoy the proximity to public transportation and the dynamic vibe at RS 56,” said Jeffrey Schnapp, CEO of PFF. “The size, privacy of our own two-story building and a quasi–industrial space fit our culture, making it an easy choice to expand within the campus, and enhance our presence in Boston.”
Paradigm Properties purchased RS 56, the three-building, multi-tenant, Class B office/flex property located near Sullivan Square in 2015, and has since implemented a capital improvement project returning the buildings to their original brick and beam shells. The campus offers roughly 154,000 square feet of open floor plans on a 4.5-acre site within close proximity to downtown Boston, Union Square, Assembly Row, Route 93 and public transit. New amenities at RS 56 implemented by ownership include fiber optics, a fitness center, outdoor courtyard, free parking, on-site property management, and lunch service provided by Fooda and LeanBox.
“Paradigm Properties has dramatically transformed these properties, of which only two suites remain, to meet the needs of today’s tech and life science tenants,” said Weber. “It is a direct result of their vision and commitment that the property has experienced such significant demand. Firms like Piaggio Fast Forward, Redfin, Atlas Devices, Finally Light Bulbs, and Ecologic, are all drawn to the modern amenities and workplace environment of RS 56.”
Two suites remain available at RS 56 including a 4,000-square-foot suite and a 3,871-square-foot suite.