17-Mil. Office Building Breaks Ground

In a fast-track project slated for completion next August, a local developer has broken ground on a $17-million office building overlooking Route 128. James Freeman has retained Spaulding & Slye Colliers on a soup-to-nuts assignment for the four-story, 93,000-sf building.

Spaulding & Slye principal Richard W. Reynolds, who will oversee the project, says it underscores his company’s full-service capabilities. Spaulding & Slye not only retained the equity to help Freeman buy out his partners for the site, it also secured debt financing, prepared the project budget and will serve as general contractor. The firm will also be involved in leasing and managing what will be known as Four Van de Graaff Dr.

“It’s seamless,” Reynolds says of his company’s involvement, one that he feels will help cut the development timetable to less than a year. “You don’t have to conduct business with five different companies–it’s all under one roof.”