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Bay Colony Gets DTZ FHO as Agent

WALTHAM, MA-The 58-acre four-building office park is a leader in suburban Boston rents and tenant roster.

By Joe Clements | Updated on February 14, 2008

WALTHAM, MA-Broadway Real Estate Partners is awarding a plum property listing in the region’s top suburban office market to DTZ FHO Partners. The burgeoning Boston-based firm, which last year became part of the international real estate services network DTZ, will take over as exclusive leasing agent for the Bay Colony Corporate Center that Broadway acquired last May in a portfolio buy from Beacon Capital Partners.

“We’re excited,” DTZ FHO Partners principal J. Duncan Gratton says of his firm securing the listing at the 58-acre four-building complex that overlooks the Cambridge Reservoir. A member of the Asset Advisory Group that will oversee the Bay Colony assignment, Gratton terms it “the pre-eminent suburban office park” in New England. The AAG was formed last autumn to respond to the unique needs of commercial real estate landlords, and is already working for the owners of such prime properties as 28 State St. and 116 Huntington Ave. in Boston and One Kendall Sq. in Cambridge.

“We’re thrilled by the response,” Gratton says of the AAG, which he heads along with principal Glenn Verrette. The Bay Colony leasing team includes principal Richard Fahey and VP Kim Roop. DTZ FHO will take over effective on Monday, according to Broadway. Managing director Greg Green cites the “experience and expertise” of DTZ FHO as factors in the firm’s decision. “We look forward to their implementation of a marketing program that effectively conveys the benefits that Bay Colony has to offer,” says Green.

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