"We're excited," DTZ FHO Partners principal J. Duncan Grattonsays of his firm securing the listing at the 58-acre four-buildingcomplex that overlooks the Cambridge Reservoir. A member of theAsset Advisory Group that will oversee the Bay Colony assignment,Gratton terms it "the pre-eminent suburban office park" in NewEngland. The AAG was formed last autumn to respond to the uniqueneeds of commercial real estate landlords, and is already workingfor the owners of such prime properties as 28 State St. and 116Huntington Ave. in Boston and One Kendall Sq. in Cambridge.


"We're thrilled by the response," Gratton says of the AAG, whichhe heads along with principal Glenn Verrette. The Bay Colonyleasing team includes principal Richard Fahey and VP Kim Roop. DTZFHO will take over effective on Monday, according to Broadway.Managing director Greg Green cites the "experience and expertise"of DTZ FHO as factors in the firm's decision. "We look forward totheir implementation of a marketing program that effectivelyconveys the benefits that Bay Colony has to offer," says Green.


According to Gratton, the attractions of the property areextensive, including Broadway's upkeep of the sprawling hilltopdevelopment, as well as picturesque views of the countrysidedespite close proximity to Route 128 and the MassachusettsTurnpike. There are also various amenities on-site, including aconference center, day care, fitness facility, restaurant andstructured parking. "We are honored to have been selected for thisprestigious assignment and we look forward to working with theBroadway team," Gratton says.


Bay Colony was constructed between 1985 and 1998. The propertiesinclude the three-story 1050 Winter St. and a trio of four-storystructures at 950, 1000 and 1100 Winter St. Occupancy is presently92%, but Gratton says there is lease turnover occurring through2010 that will be part of DTZ FHO's strategy to address.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.