Normandy principal Raymond Trevisan says efficient floor platesexceeding 32,000 sf and proximity to the Quincy College campus werefactors in landing the school as a tenant, as well as the directaccess to Boston and suburban South Shore communities afforded by150 Newport Ave.'s presence in North Quincy. "The excellentlocation on the MBTA [subway] line and first-class amenities helpedour team lease this building in a short period of time," saysTrevisan, whose firm also provides on-site property managementservices.

Richards Barry Joyce & Partners handled the leasingassignment for 150 Newport Ave. RBJ principal Michael Frisolipraised Normandy's stewardship of the property, the first CRE assetacquired in Greater Boston by the Morristown, NJ-based real estateinvestment firm. Normandy paid $13.6 million to secure thefour-story building in December 2005 and set about on a gut rehabof the vacant structure that culminated with the Quincy Collegelease.

An estimated $1.5 million was spent on such things as upgradingthe multi-level lobby, a common area that now features wide screentelevisions and seating areas. The building also has a full-servicecafeteria and executive conference room, while Normandy is adding afitness center and locker rooms. "Normandy's repositioning of thebuilding and capital improvements made 150 Newport Ave. one of themost attractive buildings in the market," says Frisoli, whonegotiated both Quincy College and British Telecom leases at theproperty in partnership with colleague Cal Hudak. The broker forQuincy College was Key Realty.