Innovation Group has signed a long term lease extension for 28,200 SF of office space at 365 Cadwell Drive in Springfield, MA.

Boston Realty Advisors’ commercial leasing brokers, Adam Meixner and Jeremy Freid, represented the tenant Innovation Group, while Richards Barry Joyce & Partners represented the ownership of the building.

Innovation Group (LSE:TIG) provides business process outsourcing services and software solutions to insurers and other risk carriers through its international network of offices. With more than 2,300 professionals working across the globe, the Group has an expansive portfolio of proven capabilities for handling the breadth of administrative processes.

Innovation Auto and Innovation First Notice are divisions of Innovation Group. In North America specifically, Innovation Auto is a market leader offering a broad range of services to assist the fleet, third party administration and property and casualty insurance market streamline their business processes and raise operational efficiency while decreasing costs. Innovation First Notice is the leading provider of claim reporting solutions to the P&C Marketplace, serving over 100 clients and processing more than 3M claims annually through its platform.

Boston Realty Advisors Office Division specializes in assisting in tenant representation, landlord representation, and corporate advisory services. In the Tenant Representation capacity, they assist tenants with new space acquisition, renegotiation of existing leases, space disposition, strategic planning, and lease auditing. For Landlord Representation, Boston Realty Advisors offers institutional and private ownership groups sophisticated, value adding, technology-driven services including marketing, reporting and strategic planning.

This deal was recently featured in The Real Reporter. Read the article here.

Boston Realty Advisors has been retained by KS Partners to exclusively represent 233 Needham Street (Paragon Towers) and 19-31 Needham Street (University Business Center) located in Newton, MA.

Paragon Towers: Located between Routes 9 and 128/95, and just minutes from the Mass Pike, Paragon Towers is the Premier Class A Office Building in Newton, MA. This full service, 67,000 square foot building offers tenants numerous office space options ranging from 1,709 to 6,329 +/- square feet. The main lobby of the building was recently renovated and offers a professional working environment. The building also features covered parking, a lunch room, and a fitness facility, all of which are free of charge for the buildings tenants.

University Business Center: Also located on Needham Street, University Business Center is a rare Office/Flex/R&D building found on the South side of Newton. The building offers tenants a wide variety of space options ranging from 6,479 to 22,910 Square Feet. The ownership is currently making upgrades to the facade of the building, creating direct, private entrances from the parking lot for each of the available spaces.

Boston Realty Advisors commercial brokers, Adam Meixner and Jeremy Freid will be the brokers representing both of the properties.

JB Property Solutions has signed a 10 year lease at 311 Summer Street in Boston, MA.

Boston Realty Advisors’ Founder & Principal, Jason S. Weissman, represented the ownership, ADD, Inc., while William H. Catlin, Jr., Jeremy Freid and Adam Meixner represented the tenant.

The remaining 1st floor space of up to 4,398 SF is being offered at $11.11 PSF NNN as-is. The remaining office space of up to 4,942 SF is being offered at $28.50 PSF Gross. There is a lease out for signature for a restaurant on the retail level.

311 Summer Street combines sustainable design and historic preservation in a complete renovation by owner-occupant ADD Inc. Located in the heart of Boston’s Historic Fort Point District, this former headquarters of the Dwinnel-Wright Coffee Company anticipates receiving a LEED Platinum CI rating and was recognized with the 2009 Preservation Award from the Boston Preservation Alliance.