DTZ FHO Partners Named Exclusive Leasing Agent for One Kendall Square
The Beal Companies and Rockwood Capital Hires Firm to Lease 676,000 Square Foot Mixed-Use Campus
Boston, December 12, 2007:– DTZ FHO Partners, a leader in the real estate advisory services field with extensive experience in the Cambridge real estate market, announced today that it has been hired by a joint venture of The Beal Companies and Rockwood Capital as exclusive leasing agent for One Kendall Square in Cambridge, Massachusetts.
The mixed-use project consists of nine buildings and 676,000 square feet of office and lab space, seven levels of parking, the Kendall Square Cinemas, and retail and restaurant space. Situated on 10.25 acres of land, the site is currently undergoing a $12 million capital improvement program which includes upgrades to the lobbies, building facades, base building infrastructure, and improvements to signage and landscaping.
One Kendall Square, located in the heart of the Kendall Square/East Cambridge technology cluster, offers a multitude of on-campus amenities, including a day care facility, restaurants, cinemas, on-site management and covered parking.
The DTZ FHO Partners team assigned to the One Kendall Square project includes Duncan Gratton, Mike Brown, Joe Fallon and Ted Lyon.
“The Beal Companies and Rockwood Capital recognized the opportunity to create value by rebranding and repositioning One Kendall Square,” said Duncan Gratton, Partner, DTZ FHO Partners. “It is an ideal location in an active marketplace, coupled with owners dedicated to improving the building; and this is what makes One Kendall Square a desirable asset. We are pleased to have been selected for this project and look forward to putting our expertise to work.”
Stephen Faber of The Beal Companies said, “DTZ FHO has the experience and relationships that will enable us to lease this project in a timely fashion. With the planned upgrades to One Kendall Square, we believe this asset will be poised to reestablish itself as a center for innovation in Cambridge and will be the location of choice in this marketplace.”
About The Beal Companies
The Beal Companies is a closely held firm actively pursuing investment opportunities in all segments of the real estate industry. Since 1888, the Beal family has built a full service Real Estate firm with an enviable reputation. The Beal Companies’ projects and advisory services have been focused not only in Boston but also throughout the United States. Activities include the Acquisition and Development of Commercial, Historic and Residential Properties, Asset Management, Brokerage and Consulting. For more information on The Beal Companies, visit www.bealco.com.
About Rockwood Capital
Rockwood Capital Capital is a private real estate investment company that currently is managing more than $2.8 billion of equity commitments. The company’s performance in its six previous funds has averaged more than 23% to the investor.
Rockwood Capital invests equity capital on behalf of pension funds, endowments, foundations and high net worth individuals in key U.S. markets in office, retail, residential, hotel and mixed-use projects. Since 1980, Rockwood Capital and its predecessor company have invested in more than $6.6 billion of real estate through six commingled funds and various special purpose partnerships on behalf of its investors. The company has offices in Greenwich, CT, San Francisco, CA and Los Angeles, CA.
About DTZ FHO Partners
DTZ FHO Partners is a commercial real estate firm offering a full range of brokerage, consulting, strategic planning, research, lease administration, marketing, lease auditing, lease portfolio and transaction management services for corporate and institutional clients alike. The senior partners of the firm have worked together for over 20 years providing customized advisory consulting and brokerage services to an extensive range of corporate and institutional clients, both locally and on a national and international basis. The experienced professionals that make up DTZ FHO Partners have addressed the real estate needs of many industries including life sciences, high-tech, and financial services as well as law, consulting, accounting and other professional firms, assisting clients to develop and implement customized real estate solutions that enhance their overall business strategies. More information about DTZ FHO Partners can be found at http://www.fhopartners.com or by calling 617-279-4555.