Cushman & Wakefield Facilitates TimePayment’s Headquarters Expansion in Burlington, MA

4/25/17

Brian Hines and Blake Baldwin Represented TimePayment

Cushman & Wakefield is pleased to announce that it has represented TimePayment in its expansion and lease extension of its Burlington, MA headquarters at 1600 District Avenue.

With a nearly 70% increase in leased space, TimePayment will now occupy 45,000 square feet on District Avenue. TimePayment offers equipment leasing at an affordable and competitive price point and is an industry leader in areas ranging from water quality to office equipment.

“After an extensive search, we concluded the best place for us to continue to grow our business was right here in Burlington,” said Richard Latour, President and CEO of TimePayment. “The transformation of the park to more of a live-work-play environment has been a bit painful to live through, but now that it’s nearing completion, it truly does offer a superior work environment for our employees, both current and future. We are excited about the future here.”

Located in The District Burlington, 1600 District Avenue is the latest addition to a premier development that includes 1.1 million square feet of workspace as well as 30,000 square feet of retail space. One of the fastest growing Greater Boston markets, Burlington has become a hotspot for companies like TimePayment as it offers urban amenities in a suburban setting. The District Burlington includes high-profile restaurants and retailers, creating an ideal work-live-play environment.

TimePayment was represented by Brian Hines, Vice Chair and Blake Baldwin, Senior Associate, at Cushman & Wakefield while Leah Harsfield and Andrew Gallinaro of National Development represented the ownership’s interests.

“This really does feel like the right solution for our client, and we were thrilled to have the chance to advise them on this important project,” Hines said. “The owners of 1600 District Avenue, a joint venture of AEW, National Development and Charles River Advisors, were relentless in their pursuit and deserve much credit for the final outcome.”

About TimePayment

TimePayment is an award-winning equipment leasing company that specializes in transactions with a selling price starting as low as $500, and up to $100,000. Through our network of over 10,000 independent Vendors, and utilizing our multi-level credit scoring model, we are able to approve a wide range of customers from large corporations to small businesses, including new entities. TimePayment programs are designed to meet the needs of the broadest range of equipment buyers and sellers with competitive finance solutions for equipment of all types, and support for every credit profile. With industry-leading, cutting-edge technology, we are able to approve transactions under $10,000 online within seconds, and larger transactions within hours. We also fund quickly, paying equipment vendors within hours of confirmed equipment installation. We provide fast, easy, online support for equipment buyers, equipment vendors, and lease brokers. Our vendors and brokers are able to maximize sales by offering equipment leasing- while customers get the equipment they need, when they need it, and are able to manage cash flow through affordable monthly payment. Read more:http://timepayment.com/ about-us#ixzz4eo6tlOltFollow us:@TimePayment on Twitter|TimePayment on Facebook

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.