LEASES 25,000 SF FOR FAIRLANE AT CHAPEL BUSINESS CENTER IN NEWTON
Issue Date: 10/17/2007, Posted On: 10/18/2007
BOSTON—The Codman Company, Inc. announced
the leasing of 25,000 square feet at Chapel Business Center, an
80,000 square foot office/R&D building in Newton, Mass., within
the first 3 months of ownership for Fairlane Chapel, LLC.
The Share Group, a direct marketing firm based currently in Davis
Square, Somerville, MA, leased approximately 17,800 square feet
at 73 Chapel Street, and Quantia Communications, a wireless and
internet software communications company based currently in Kendall
Square, Cambridge, MA, leased approximately 7,600 square feet at
65 Chapel Street.
Fairlane Properties, Inc. asset manager for the property has completed
numerous cosmetic and building improvements at Chapel Business Center,
also known as 59-83 Chapel Street. Michael Grill of Fairlane stated:
“Share and Quantia have leased incredible 2nd floor spaces
with brick and beam features complementing high ceilings. 11,000
square feet of two story unique office space is still available
as well as 13,000 square feet of 1st floor R&D/light assembly
Drew Nelson and David Campbell of The Codman Company, Inc. represented
Fairlane Chapel, LLC for the two leases, with Chuck Kavoogian and
Matt Siciliano of CB Richard Ellis representing Quantia Communications
and Chris Rogers and Ellie Fanitini of Grubb & Ellis representing
The Share Group.