More Business News:
BPG properties, ltd. announces 20,501 S.F. lease with lewtan technologies at totten pond office park in Waltham , MA
Lewtan Technologies, Inc. (Lewtan) has signed a lease for 20,501 square feet with at Totten Pond Office Park, a 293,000 square foot, three building office park located immediately off of Route 128 in Waltham, Massachusetts. Lewtan will occupy the entire fourth floor of 400-2 Totten Pond Road , a four-story 79,089 square foot office building.
Shawn McDonough and Joe Sciolla of Cresa Partners represented Lewtan in the lease negotiations. The landlord was represented by Rob Walles, Andy Majewski and Matt Siciliano of CB Richard Ellis, the exclusive leasing agents for the park.
Totten Pond Office Park consists of 400-2 Totten Pond Road, 400-1 Totten Pond Road, a four-story, 75,570 square foot office building and 460 Totten Pond Road, a seven-story, 141,981 square foot office building. The park is located immediately off of Route 128 (Interstate 95) within minutes of the Mass Pike interchange and within walking distance of six hotels and two full service restaurants. Currently, there is approximately 130,000 square feet of available office space within the three buildings.
Amenities within Totten Pond Office Park include two newly renovated full service cafés in 400-2 and 460 Totten Pond Road , a tenant only fitness center with showers and locker rooms in 460 Totten Pond Road and on-site ownership and management. In 2008, BPG completed renovations to the lobbies, common area corridors and restrooms of both buildings.
Through offices in North America and Europe, Lewtan Technologies, Inc., offers a wide range of content- and technology-based solutions to members of the global asset-securitization industry, including issuers, investors, underwriters, servicers, credit enhancers, and rating agencies representing more than 300 institutions worldwide. The company has twice been named Global Technology Provider of the Year by International Securitization Report and has received the Innovation Award and commendations for client service and best-in-class surveillance tool in Money Market's Securitization Review & Survey Technology Awards. In addition, the company has been awarded Credit Magazine's Technology Innovation Award.
"After careful consideration of all options in the market place, Lewtan decided to relocate their headquarters to 400-2 Totten Pond Road . They feel this new location allows for a more efficient layout and collaborative working environment creating a "cultural evolution" for Lewtan's employees." commented Michael Rota, asset manager of BPG Properties who was responsible for overseeing negotiations on behalf of the landlord.
BPG Properties, Ltd.'s portfolio consists of over 20 million square feet of office, retail, student housing, and industrial properties and more than 25,000 apartment units in more than 100 communities located throughout the United States . The firm is headquartered in the Philadelphia area with regional offices in Los Angeles , Chicago , Washington DC , Boston , Atlanta and Raleigh-Durham.