"It's a nice kick start to the year," says Cushman &Wakefield senior director Cathy Minnerly, whose firm negotiated thedeal on behalf of the landlord.Foster-Miller is restocking 15 ForgePark for the next five years following the simultaneous departureof National Grid. Although financial terms were not disclosed, onesource places the rental rate above market levels, said to be morethan $7 per sf.

The fast-track Foster-Miller requirement materialized late inthe fourth quarter, Minnerly explains, after the firm won acontract. The tenant needed to be able to occupy the space by thestart of the year, a goal complicated by a substantial powerupgrade mandated by the contract. "Everyone worked really hard andcontributed to get this done," relays Minnerly, who credits ColonyRealty, property manager Allyson Massengill of CB Richard Ellis andthe leasing agents for accomplishing the feat. Other members of theC&W team included executive director Kevin Hanna, seniordirectors J.P. Plunkett and J.R. McDonald and Associate JasonBryer. CB Richard Ellis principal James Nicoletti was broker forFoster-Miller.

Sporting a national real estate investment platform, ColonyRealty Partners acquired 15 Forge Park as part of a portfolio ofsix buildings in Forge Park purchased last spring for $68 million.Constructed in 1991, 15 Forge Park has about 8,000 sf of officebuild out, 26-foot ceilings and is fully air-conditioned. "It'snice, functional space," says Minnerly, who reports that theproperty could be expanded by another 35,000 sf.