The Southwest team of Colliers International, Boston has executed 14 leases on behalf of KS Partners, LLC in Dedham, Mass. totaling more than 42,000 square feet.
“Dedham has been and consistently continues to be a strong submarket,” said Colliers Senior Vice President David Goodhue. “The accessibility of the area is excellent and booming with new and improved amenities like Legacy Place and University Station.”
Leases were signed at 980-990 Washington Street, 3 Allied Drive and 333 Elm Street, all with direct access to 128, and equidistant to the Mass Pike and 93/95 split. The latter two are within walking distance to the Dedham Corporate Center MBTA Commuter Rail stop via the Franklin/Forge Park Line.
Seven total leases were executed at 980-990 Washington Street, bringing the total vacancy rate to 4.5 percent. New tenants include TCAA, Inc., The Law Office of Kenneth S Federman, Broker Solutions Inc., Adult Day Health Inc., and ELK Consulting. Six transactions were executed at 3 Allied Drive, lowering the total vacancy rate to 14 percent, and the final transaction was executed at 333 Elm Street, elevating its total occupancy rate to 100 percent.
“Tenants are relocating from Boston to the 128 belt so they can achieve cost savings without sacrificing access to great amenities and public transportation, making cross-market movement a no-brainer,” added Goodhue. “KS Partners provides its Dedham tenants with amenity rich, first-class environments. Having already renovated the common areas of 980-990 Washington Street, KS has since moved on to renovations at 3 Allied Drive and 333 Elm Street, which they are excited to unveil in early 2017.”
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About KS Partners
KS Partners is a real estate holding company that owns and operates approximately 4 million square feet of commercial property throughout New England. Headquartered in Woburn, MA with offices throughout New England and a team of approximately fifty employees, KS handles long term asset strategies and day to day operational and maintenance needs. KS specializes in acquiring multi-tenanted office buildings with ground floor retail amenities. KS Partners’ platform is to target undervalued income producing properties and systematically add value through leasing, repositioning and identifying redevelopment opportunities.
About Colliers
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,100 professionals operating from 554 offices in 66 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.
