400 Crown Colony Gets New Leasing Agent

QUINCY, MA-One of suburban Boston’s top business addresses has a new leasing agent, with UBS Global Asset Management retaining Richards Barry Joyce & Partners to handle those duties at 400 Crown Colony Dr. Opened in 1988, the 120,000-sf building is situated in the master-planned Crown Colony Office Park.

“The ability to accommodate a wide range of tenants at a building located in a class A park makes 400 Crown Colony Dr. a strong option in the marketplace,” says RBJ principal Michael Frisoli, who along with associate Cal Hudek will oversee the project team. There is presently 74,000 sf available, Frisoli estimates, adding that the space can be sub dividable to 1,000 sf.

UBS has owned 400 Crown Colony Dr. since acquiring it in October 2005 for $18 million after the previous owner was foreclosed on by Allied Capital Corp. The building underwent an extensive renovation last year, and Frisoli says additional improvements are on tap. Several common areas will be upgraded, he says, food service is being incorporated into the property and UBS is also pre-building certain suites to accommodate quick occupancy. Current tenants in the building include the Patriot Ledger newspaper company and MetLife, Inc.