The tenant services team of David W. Campbell, executive vicepresident and partner, and Robert B. Cleary, JR., SIOR, presidentand co-managing partner of the Codman Co., represented FirstMarblehead in the transaction, assisted by Peter Farnum, principal,of Trammell Crow Co. Property owner, OMV Associates LimitedPartnership was represented by Ogden White, vice president, ofCB/Richard Ellis Whittier Partners and John Karnath, managingdirector, of Capital Properties.

Cleary tells GlobeSt.com that the deal represents an expansionfrom a lease that was about to expire and nearly doubled thefinancial company's space in the building. Cleary notes that FirstMarblehead looked at a number of other locations but thefamiliarity and existing business units of the Park Square Buildingweighed heavily in its favor.

Ralph M. James, First Marblehead's president and chief operatingofficer, notes that the company was looking to have the ability toexpand its premises without disrupting "the internal flow" of itsvarious departments and to secure expansion options to accommodatepotential future growth.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.