Campanelli Companies, DTZ FHO Partners and Atlantic Retail Announce Full Lease-Up of Granite Woods Corporate Center
Telephone Workers’ Credit Union Signs Lease for 24,097 Square Feet of Retail and Office Space
Boston, February 15, 2008: Campanelli Companies, DTZ FHO Partners and Atlantic Retail today announced continued success in their leasing efforts at Granite Woods Corporate Center in Braintree, Mass. with the signing of the Telephone Workers’ Credit Union for 24,097 square feet in Building One. With this most recent lease, Granite Woods Corporate Center achieved 100 percent lease-up in less than one year.
Telephone Workers’ Credit Union will be occupying portions of the first and second floors of Building One, opening a new retail branch and consolidating office operations from the South Shore Plaza and downtown Boston locations.
Granite Woods Corporate Center consists of two first-class office buildings located at the intersection of Routes 128, 93 and 3, next to the South Shore Plaza. Campanelli Companies acquired the two-building complex in the fall of 2006 and completed a multi-million dollar redevelopment of the property, constructing new entry lobbies, common areas, extensive landscaping upgrades and new mechanical and infrastructure systems. The property features large floor plates of 40,000 square feet, outstanding corporate visibility, covered parking, reservoir views, fiber optics, heavy power and a new amenity package including the creation of a small park next to the reservoir.
“Granite Woods Corporate Center is an excellent first-class office complex and one that provides a terrific fit and superior location for the Telephone Workers’ Credit Union, especially given its proximity to extensive surrounding amenities,” said Peter Brown, Director of Leasing at Campanelli Companies. “And bringing together DTZ FHO’s office leasing and marketing expertise and Atlantic’s retail leasing savvy has been extremely valuable in achieving the full lease-up of this building to a great mix of tenants.”
The leasing team for Granite Woods Corporate Center consists of Sean Teague, Tom Kent and Leeanne Rizzo of DTZ FHO Partners for the office space and Jim Bagley of Atlantic Retail for the retail space. Jim Elcock, Ted Chryssicas, Jonathan Martin and Dave Goodhue of Colliers Meredith & Grew represented the Telephone Workers’ Credit Union.
“We have enjoyed working with the Campanelli Companies team on Granite Woods Corporate Center,” said Sean Teague of DTZ FHO Partners. “350 Granite Street has been a very active building, in terms of new leases and overall interest from tenants. We are extremely pleased to have successfully leased this building in under a year.”
Atlantic Retail’s Jim Bagley remarked that “Granite Woods Corporate Center provides the Credit Union with a rare opportunity to capture both high traffic and visibility for its retail branch, which is very difficult to find anywhere in Braintree, let alone next to South Shore Plaza.”
About Telephone Workers’ Credit Union
Telephone Workers’ Credit Union was formed on March 3, 1917, to serve the employees of New England Telephone. Today, TWCU has over 27,000 members and is one of the oldest and most established credit unions in New England. The credit union provides a wide range of personal and commercial financial services to anyone who lives, works, or attends school in the Greater Boston area, so you no longer have to be a telephone worker to join our credit union.
About Campanelli Companies
Established in 1947, Campanelli Companies is a full-service commercial real estate development company with extensive experience in the industrial, office, warehouse/distribution and retail markets. To date, Campanelli has developed over 17 million square feet of commercial real estate property in New England and the Eastern Seaboard. The company’s signature capabilities include land development, design and build, redevelopment and value-added acquisitions. It is Campanelli’s all-encompassing and quality services that have led to its successful track record as a highly-regarded developer; from site selection, feasibility analysis, local, state and federal permitting, to architectural and engineering design, building construction and facilities and property management. With a cohesive development team that has worked together for more than thirty years, Campanelli can assure its clients that every aspect of a project is directed, monitored and controlled by Campanelli Companies. For more information, visit www.campanelli.com.
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.