NKF Completes Over 55,000 SF of New Leases at Park 9 Property in Wellesley, MA

0
21

BOSTON — Newmark Knight Frank (NKF)  announced that it has recently completed three new leases to Morgan Stanley, Wellesley Bank and Global Advanced Metals totaling over 55,000 square feet at Park 9, 100 – 112 Worcester Street, in Wellesley, Massachusetts.

NKF Executive Managing Directors Mark Roth and Debra Gould, and Managing Directors Matt Malatesta and Brendan Daly, represented the property owner, Sun Life Financial in procuring the tenants.

Park 9 is a Class A, four-building, 380,000-square-foot office park located in the city of Wellesley. With easy access to Route 9 & I-95, the property features an amenity-rich campus, dual highway visibility, 1,000 covered parking spaces and high efficiency floorplates. Ownership’s recent investment in Park 9 include capital improvements such as a new façade at the 100 Worcester Street building, new café with a Starbucks barista, a personalized training gym run by Tilt Fitness, as well as an interactive lounge area, an outdoor central courtyard and walking trails.

The investment banking and financial services firm, Morgan Stanley, will be leasing over 40,000 square feet at 112 Worcester Street. In addition, Wellesley Bank will be leasing approximately 11,000 square feet at 100 Worcester Street. Lastly, Global Advanced Metals, a leading supplier of tantalum products, will be leasing approximately 5,000 square feet at 100 Worcester Street. NKF’s team of Roth, Gould, Malatesta and Daly represented ownership in the new Park 9 leases, while Alex Dauria of JLL represented Morgan Stanley, Garry Holmes of RW Holmes Realty Co. represented Wellesley Bank and Neil Ross and Brian Morrissey of JLL represented Global Advanced Metals in the negotiations.

“We are pleased to have these three great companies join Sun Life Financial at Park 9,” said Tom Pedulla, executive vice president at Bentall Kennedy, a Sun Life Investment Management company. “Park 9’s superior location, new amenities and connection to public transportation really resonates with employers. We will continue our efforts to lease the remaining space at Park 9.”

Park 9 is located immediately adjacent to the intersection of Route 9 and I-95 and within minutes of the Mass Pike. It is also conveniently situated close to a variety of restaurants and hotels.