BOSTON – Cresa Boston, a part of the world’s largest tenant-only commercial real estate firm, announced the lease of 8,239 SF of additional space at 200 Brickstone Square in Andover, Massachusetts for ALKU, a recruitment agency providing highly skilled SAP, PeopleSoft, Workday, and Epic resources for the most difficult to fill roles throughout the U.S.
This brings ALKU’s total space in Brickstone Square to 24,489 SF.
Cresa Boston advised ALKU on its previous expansion at the Brickstone Square complex in 2015, now known as Andover Landing at Brickstone, when the budding company needed to double its space to 16,250 SF space. With the planned addition of 30 to 40 employees in the near term, ALKU’s growth trajectory demands even more space and since the company’s previous 8,239 SF space was still available, Cresa Boston was once again called upon to advise on the negotiations.
“We have relied on Cresa Boston to advise us on our lease negotiations at Andover Landing at Brickstone and always trust they will get us the best possible terms,” said Mark Eldridge, CEO and founder of ALKU. “The fact that they are focused solely on negotiating on our behalf as the tenant, and that they are so knowledgeable about this particular building was important to us. It is comforting to know that we are able to stay in this strategic location as we expand our operations.”
Andover Landing at Brickstone is a landmark three-building campus in Andover offering more than one million SF of total space. With easy access on and off Interstates 95 and 93, the center boasts more than 3,000 parking spaces. While the complex is in close proximity to numerous restaurants, hotels and retail stores, the amenities in the building itself are best-in-class. They include a full-service cafeteria complete with private meeting spaces, a convenience store, an exercise facility with shower and locker facilities, a day care center, outdoor seating, and on-site management.
Cresa Boston negotiated a seven-year lease on the new space for ALKU, together with a five-year extension on its current obligation, locking in current rates as well as additional tenant improvements, and also securing rights to expand even further.
Joe Doyle and Dan Sullivan of Cresa Boston negotiated the lease for ALKU, and Kerry Olson Hawkins and Jason Levendusky from CBRE represented KS Partners and Oaktree Capital Management, owners of Andover Landing at Brickstone.