Clients

Recent Commercial Activity Summary:

January 2021: Blue Therapeutics moves Headquarters from Cambridge to Waltham, MA

Bruce Lee of Lee Partners of New England, working closely with senior management of Blue Therapeutics, helped to identify, negotiate, and secure their new HQ office space in Waltham at the Waltham Watch Factory office complex.  The transition from Cambridge, MA was completed in January. The search process during the 2020 pandemic was challenging but ultimately successful.  Blue Therapeutics is an expanding company with bright prospects for its future.  The space at the Waltham Watch Factory fit the need to have office space with “character” having high ceilings, brick walls, plenty of exterior light and a very “open feel” for the new office work environment.  Representing the sublandlord in the transaction was Scott Panneton of Lee & Associates located in Boston, MA. 

November 2020: Big Picture Framing Retail Location, Harvard Square

Big Picture Framing will be moving into 1110 Massachusetts Avenue, Cambridge, MA on January 1, 2021. Bruce Lee of Lee Partners conducted the search for the new retail location and helped Founder Bob Clayton negotiate the long term lease with building owner Gwen Marie, LLC. This location proved to be an ideal new store address for Big Picture Framing. Business has been strong for the regional retail chain throughout the 2020 Pandemic and this new retail store will help Big Picture Framing to continue to increase sales and better serve its Cambridge customers. The “Grand Opening” is just around the corner – positive news during the 2020 Pandemic – proving that smart business owners are moving forward and taking advantage of current market conditions to lease cost effective space at newly available locations.

Jeffrey Arsenault, Principal-Retail with Avison Young represented and negotiated for the
Landlord.

October 2020: IDEX Biometrics renews lease during the 2020 Pandemic

IDEX Biometrics has extended their lease of 14,010 sq ft. of office and engineering space at 187 Ballardvale Street in Wilmington, MA. Bruce Lee with Lee Partners advised and assisted IDEX in a review of current IDEX office space requirements and with the negotiations with their landlord 187 Ballardvale LLC.

This lease extension was the result of maintaining good relations and communication between IDEX and the landlord that resulted in a “win-win” outcome for both parties. IDEX was able to secure their space throughout 2021 during the Pandemic of 2020-2021; and the Landlord was able to keep a valued tenant during these unprecedented times. IDEX will now have additional time to determine its long term occupancy needs without the business interruption required by a immediate relocation decision.

The landlord will have the opportunity to continue to work with IDEX in an effort to meet their long term needs. Both parties benefited from this deal.Representing landlord management was  Marci Griffith Loeber of Griffith Properties. Representing the property was Brian Tisbert, Managing Director with Jones Lange & LaSalle.

July 2020: Tingley Electric Services, Milford MA

Tingley Electric Services moves Headquarters office during the Pandemic of 2020!

Tingley Electric Services, Inc., located in Natick, MA relocated to 115 Cedar Street in Milford, MA during the month of November, 2020.  Bruce Lee of Lee Partners of New England, LLC represented the business owner Vincent Tingley and coordinated the search and acquisition process throughout 2020.  This required multiple property tours along the Rt. 495 suburban commercial real estate market area.  The Tingley Electric requirement was for a combination of corporate offices,  conference training room space, and warehouse space for storage of materials to meet expansion needs.  Tingley Electric is unique in that as an electrical contractor they service the residential market only – as opposed to most other electric companies servicing both commercial and residential customers in this area.  Tingley Electric maintains strict safety and health standards during the pandemic while employees visit customers –  and this has allowed this business to thrive and grow. Vincent Tingley (Vinny) is totally dedicated to his employees and his residential customers as he truly values long term relationships with customers, employees, and others within the communities he services.

Bruce Lee felt proud and honored to work with Vinny during the relocation process as the new location is a perfect fit for the space required –  and for the access to close-by roadway connections.

Representing the Landlord, Winston Holdings, LLC, was Alison Powers, Senior Vice President with Jones Lange LaSalle.  Jon Bovarnick represented and negotiated terms on behalf of Winston Holdings, LLC.

June 2020: New Space for Big Picture Framing

Bruce Lee of Lee Partners represented Big Picture Framing in the relocation of their industrial operations space in Stoneham to 3 First Avenue, Peabody, MA effective on July 1, 2020.  Bruce represented and assisted Bob Clayton the co-founder and CEO of Big Picture Framing in the negotiations.  Representing the owner was Mark Shaprio of The Drumlin Group.  Big Picture Framing has 14 operating retail stores in the Boston metro area that were recently allowed to “open up” according to Massachusetts state guidelines.  Bob indicated that the stores were experiencing strong startup business from pent-up customer demand.  Let’s hope this trend continues into the future.

May 2020: Lease Extension by IDEX Biometrics

Bruce Lee of Lee Partners of New England represented IDEX Biometrics in the extension of their lease at 187 Ballardvale Street in Wilmington, MA.  The lease extension allows IDEX to further review their future office space requirements during the ongoing Coronavirus Pandemic –  as they expect accelerated growth in the future with their expanding business.  Bruce worked closely throughout the transaction with Derek D’Antilio, CFO, and Kristen Ryan, Office Manager for IDEX Biometrics to achieve this lease extension.  The Landlord – 187 BOP TT, LLC and Griffith Properties –  were represented by Brian Tisbert, Managing Director with Jones Lange LaSalle of Boston, MA. 

Marci Griffith Loeber, Managing Principal with Griffith Properties , cooperated with the IDEX Biometrics extension request and was instrumental in approving the transaction.

April 2020: HQ move by Broadcast Pix, Inc.

Broadcast Pix has moved from their location at 27 Industrial Way in Chelmsford to 141 Middlesex Street in Tyngsborough, MA .  Bruce Lee of Lee Partners represented Broadcast Pix in the search and selection of their new headquarters location in Tyngsborough.  The owner of the Tyngsborough space was represented by Taylor Saulnier, Associate and Jeremy Cyrier, President of Mansard Commercial Real Estate.   Bruce Lee helped Graham Sharp, CEO and Kelley Downing, Office Manager for Broadcast Pix throughout the relocation process.  Graham Sharp, CEO was especially pleased with the search process and results that Bruce Lee was able to achieve.

March 2020: Sale of 3 Loomis Street, Bedford, MA

Bruce Lee of Lee Partners of New England  represented the Deflice Family Land Trust in the sale of 3 Loomis Street, Bedford, MA – a 5,4000 sq ft. office building to Jerry McNamara.  Jerry is the founder and president of Builderware – a company that focuses exclusively on providing business to business e commerce solutions that allow companies to market and sell more effectively than thru direct customer relationship channels.  Lee Partners also represented the buyer in the transaction.  Extensive renovations are underway to transform the building into the new world headquarters location for Builderware.  The building had been in the Deflice family since it was built by Dominic Deflice  Sr. in 1985.  Bruce Lee has been the leasing agent and the sales agent for the Deflice family since 3 Loomis Street was converted to a commercial property.

January 2020: Sale of 4 Militia Drive, Lexington, MA

Bruce Lee of Lee Partners of New England represented Jeff Goldberg of Sarajeha Realty Trust in the sale of a 21,600 sq ft Lexington office building to 4 Militia LLC in February of this year.  David Smerling, Jeff’s attorney along with Jeff Goldberg helped immensely with the sale process. Bruce also represented the buyer in the $4,150,000 sale.  The building was fully leased at the time of the sale.  The new buyer has made infrastructure improvements –  and will self-manage the property.  Jeff Goldberg, longtime owner of this building, was very happy with the  sale outcome that Bruce was able to achieve especially after back-filling the then available vacant office space with a long-term new tenant.