Eight Leases and Two New Hires Keeps Hobbs Brook Rolling At Year End

WALTHAM – Hobbs Brook Management is wrapping up 2017 with eight leases and two new hires.

The commercial property management and development firm announced the successful negotiation of eight leases in its office parks in Waltham and Wakefield, Mass. and Johnston, R.I. The three new tenants and five renewed tenants collectively occupy over 70,000 RSF. In addition, the firm recently brought on two new employees specializing in leasing and construction.

New Tenants
Corporate Travel Management North America, Inc., an award-winning provider of innovative and cost-effective business travel management solutions, has signed a new lease at 101 Edgewater in Wakefield, Mass. The 6,986 RSF five-year lease was brokered by Bob Borgman of Wyman Street Advisors for Hobbs Brook Management. Cresa Boston’s Paul Delaney represented Corporate Travel.
The Phillips Screw Company, a leader in the design and engineering of proprietary fastener technology, has signed a 2,953 RSF lease for three years at 301 Edgewater in Wakefield, Mass. Bob Borgman of Wyman Street Advisors served as the broker for Hobbs Brook Management.
Prospect Medical Systems, an innovative medical system offering extensive primary care and specialty physician services as well as high-quality hospitals, has signed a new seven-year lease for 9,807 RSF at 1301 Atwood in Johnston, R.I. Matthew Fair of Hayes & Sherry served as the broker for Hobbs Brook Management. Peter Hayes of Hayes & Sherry represented Prospect Medical.

Lease Renewals
Bollore Logistics, a global leader in international transport and logistics, has renewed its 5,817 RSF lease at 301 Edgewater in Wakefield, Mass. for five years. Hobbs Brook Management was represented by Bob Borgman of Wyman Street Advisors. Phil Burgess of Burgess Properties represented the tenant. Cambridge Sound, the leader in sound masking, has renewed its 14,310 RSF lease at 404 Wyman Street in Waltham, Mass. for five years. Chip Batchelder of Wyman Street Advisors brokered the lease for Hobbs Brook Management. Jason Fivek and Brendan Cohn of JLL represented Cambridge Sound. Cross Insurance, one of New England’s largest independent insurance intermediaries, has renewed its lease for 13,126 RSF at 401 Edgewater in Wakefield, Mass. Bob Borgman of Wyman Street Advisors represented Hobbs Brook Management. Dan Collins of Colliers International served as the broker for Cross Insurance.

Marken & Forcier Financial, LLC, financial advisors, have renewed their lease at 303 Wyman in Waltham, Mass. for 1,899 RSF for three years. Bob Borgman of Wyman Street Advisors served as the broker for Hobbs Brook Management.

Odyssey Systems Consulting Group, a premier defense and government contractor supporting clients all over the world, has renewed its lease at 201 Edgewater in Wakefield for five years. The 16,900 SF renewal was brokered by Chip Batchelder of Wyman Street Advisors for Hobbs Brook Management and Mike O’Leary of Cushman & Wakefield for Odyssey.

New talent

In November, the firm also welcomed two new assistant real estate managers to their office: Sara Corzo and Michael Lencioni. Corzo joins Hobbs Brook Management LLC as a leasing specialist, after 10 years in commercial and residential real estate. Previously, Corzo served as a portfolio administrator for Boston Development Group, an associate financial representative for Northwestern Mutual, and as a property management consultant for Investments Limited.

Michael Lencioni is a construction specialist and a LEED AP BD+C accredited professional. Lencioni brings 20 years of design and construction experience for the planning and preparation of construction drawings for a range of projects, including new buildings and tenant fit-ups for corporate office spaces, residence halls, and medical and lab facilities. Prior to joining Hobbs Brook Management, Michael was a project team member at Margulies Perruzzi Architects and at Shepley Bulfinch.

“We are pleased to welcome Sara and Michael to Hobbs Brook Management,” said Kevin Casey, vice president and chief operating officer at Hobbs Brook. “With their strong backgrounds in commercial real estate, enthusiastic work ethics, and tenacious commitment to surpassing tenant expectations, we are confident they will be integral components to our continued development of premier office space in the Boston suburbs.”

Michael Lencioni and Sara Corzo of Hobbs Brook Management