Leasing Surge Continues at Brickstone Square

ANDOVER, MA-What initially seemed like a risky play is finally paying off for Transwestern Investment Co., with a flurry of leasing at Brickstone Square, the distinctive business park acquired by the Chicago firm two years ago when suburban Boston’s northern office market was still in shambles. After luring Sofft Shoe from New Hampshire to the park at the beginning of the quarter, Transwestern has landed two new tenants and renewed a third to account for more than 30,000 sf of fresh commitments.

“We’re busy,” leasing agent and Meredith & Grew SVP Matthew Daniels acknowledges to GlobeSt.com. “There is positive activity and good momentum.” Daniels and M&G associate Christopher Lawrence represented the landlord in all three just-completed leases, as well as on the earlier Sofft Shoe agreement for 37,000 sf., a deal initially reported by GlobeSt.com.

A coup in the latest assemblage would be signing Regus/HQ Global, the temp workspace company that has committed to 19,000 sf. The pact occurred after the brokers approached HQ to suggest Brickstone Square as a place to expand the company’s suburban presence from Route 128 to Interstate 495. “We thought it would be a logical location for them, and a good fit for the project,” says Daniels, explaining that the recovering economy is yielding plenty of fledgling firms needing short-term space solutions. “Companies come to Brickstone Square to grow,” says Daniels. “That has always been the case, and it still is.”