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Executive Center Leases Up 42,000 SF

DEDHAM, MA-The Dedham Executive Center, an 180,000-sf, three-story office building, signs nine leases totaling over 41,600 sf of office space. The center is located at 980-990 Washington St. at the intersection of Routes 1 and 128.

By Naomi Grossman | Updated on April 22, 2004

DEDHAM, MA-The Dedham Executive Center leased up over 41,600 sf of office space in nine deals. The 180,000-sf, three-story office building is located at 980-990 Washington St. at the intersection of Routes 1 and 128.Patrick Cavanagh and Drew Nelson of CB Richard Ellis, represented Strategic Resources Corp. in all nine transactions. Strategic Resources is the asset manager of the property on behalf of the owner, a real estate opportunity fund.The recent leasing activity represents both existing tenants extending leases and expanding within the property, as well as the addition of new tenants. The five transactions with existing tenants include: Woodard & Curran; Suburban Skills; TCAA, Inc.; and Boston Trust Management. New tenant activity resulted in four new transactions including Charles River Capital and Countrywide Home Loans.Tom Kent of Trammell Crow Co., James Elcock and John Carroll III of Meredith & Grew; and Ellison Patten of Lincoln Property Co. were involved in representing the tenants.Cavanagh notes that the center “caters extremely well to the smaller tenants within the Route 128 South submarket. Smaller tenants that are looking for a comprehensive amenity package choose the property for all it has to offer,” he adds. The property features a full-service cafeteria, a conference center and an MBTA bus stop at the building. Lease rates for these deals were not available but the average asking rent for office space in the area is about $21 per sf.

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