Landmark office park attracts 66,000 SF headquarters tenant

On behalf of KS Partners and Oaktree Capital, CBRE/New England announced that Enel Green Power North America, Inc. (EGP-NA) has selected Andover Landing at Brickstone for their new North American headquarters location. EGP-NA, currently located at One Technology Drive, is a leading operator of more than 100 renewable energy plants in North America, with projects operating and under development in 22 U.S. states and two Canadian provinces. Their parent company, Enel Group, is a multinational power company headquartered in Rome, Italy.

“We are thrilled to find a location that embodies our company’s vision for an innovative and collaborative workspace,” said Rafael Gonzalez, Head of Enel Green Power North America, Inc. “This new space will meet our company’s growing needs while also providing our employees with a modern, open, sustainable and smart work environment. We look forward to continuing our rapid growth both in our people and our presence across the U.S.”

EGP-NA operates 2.5 GW of installed renewable energy capacity produced across four technologies solar, wind, hydropower and geothermal. In Massachusetts, EGP-NA owns and operates four hydropower plants, including the 20.7 MW Boott Hydro plant in Lowell and the 14.3 MW Lawrence Hydro plant in Lawrence.

KS Partners and Oaktree have committed to several improvements for the property, spanning over one million SF, which include specific changes catered to the needs of their newest tenant commitment. The capital project will feature a new point of entry for EGP-NA, transforming the façade of 100 Brickstone Square in its entirety. Other amenity enhancements include a renovated full-service cafeteria, complete with separate game room, flexible conference facilities (for up to 100 people), a coffee/juice bar, a brand new fitness center with yoga room, shower & locker facilities, a Bright Horizons Day Care facility, outdoor seating, on-site property management and plentiful parking.

“We are very pleased that our significant investment in Andover Landing at Brickstone has led to welcoming the new Enel Green Power North America headquarters,” noted Kambiz Shahbazi, President and Founder of KS Partners. “Over the past 18 months we have transformed the park into a destination campus with amenities, modern finishes, and a vibrant environment to assist companies with recruiting and retaining talent. We wish EGP-NA great success in our business friendly environment and their new space.”

CBRE/NE’s Kerry Hawkins, Jason Levendusky and Jake Borden are the exclusive leasing agents for the park. JLL’s Brooks Murphy and Brian Morrissey represented EGP-NA.

“We are thrilled to have had the opportunity to work with KS Partners and Oaktree in securing EGP-NA as a new anchor tenant for the complex. As an innovative and multinational corporation, this company is the tenant demographic we have been seeking to attract,” said CBRE/NE’s Hawkins. “This transaction validates the commitment the new ownership has made to major capital improvements on campus since their purchase 18 months ago. The new best-in-class amenity center, common area upgrades, and flexible floorplates provide an excellent opportunity for tenants to grow on site, and recruit and retain talent—all at a savings of nearly 50% of a Route 128 alternative.”

Andover Landing at Brickstone, consists of three office buildings ranging from 281,545-379,384 SF. Both the visibility and accessible location for Andover Landing provide a unique branding opportunity at the landmark business center set within the 495 Office market. The property provides easy access and is located near a variety of restaurants, hotels and retail amenities. The space provided at the complex offers prominent tenant identity opportunities, extensive window line, abundant access to natural light and unparalleled flexibility. The site provides over 3,000 dedicated parking spaces for tenant use.

About KS Partners

KS Partners LLC is a commercial real estate owner and property management company which owns and manages income producing real estate assets in the Northeast. The KS Partners portfolio strives for value appreciation through the capitalization of improved leasing, repositioning or redevelopment opportunities. For more information, please visit www.kspartnersllc.com.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with approximately $100 billion in assets under management as of March 31, 2016. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 17 cities worldwide. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com.

About CBRE/New England

CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website atwww.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.