Mark Carangelo and Brian Morrissey, both formerly of the Codman Co., represented Bluefin in the transaction while property owner Pilot Putnam LLC was represented by Michael Brown and John Hines of Trammell Crow Co. Bluefin is relocating from 301 Massachusetts Ave., where it was leasing 11,000 sf.
The building was previously fully occupied by Bio-Rad, which used the space as its headquarters. With this new lease, the building is now 39% occupied. Lease rates for this deal were not available, but according to Carangelo, the average asking rent for similar space in the area is about $14 per sf on a triple-net basis.
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