EXCLUSIVE: Harvard Vanguard Renews 64,000-SF Lease

Josh M. Dolgin, vice president of Kalmon Dolgin Affiliates, Inc., negotiated the lease for the owner, Kadima Medical Properties, LLC, an affiliate of the Brooklyn, NY-based Kalmon Dolgin. He tells GlobeSt.com that the healthcare organization has been a tenant in the property since the building was built. Kadima purchased the four-story, 100,000-sf medical office building at 18 Holland St. in February 2004. In fact, the medical firm's long tenure in the building has caused the property to become well-known as the Harvard Vanguard Building, Dolgin says.

The renewal, signed three years before the expiration of the firm's existing lease, will generate $20 million in rent for the landlord over the 13-year term. Dolgin says it was the owner's relationship with Harvard Vanguard along with the building's management services and its location that helped secure the deal.

The fully leased property, located in the Davis Square area, also includes 10,000 sf of ground-floor retail space occupied by several national retailers, including Au Bon Pain, Kindercare Learning Centers and HearUSA. Several smaller business tenants are situated on the building's top floor. Harvard Vanguard was represented by Robert Fitzgerald and Andrew Majewski, both with CB Richard Ellis' Boston office.