CONCORD, MA-San Francisco-based Spear Street Capital has hired Trammell Crow to lease and manage its recently purchased 408,042-sf office building here at 300 Baker Ave. Trammell’s principal John Boyle tells the deal “is one of the largest single first-class asset properties in the suburbs.”

The office/R&D complex sits on 33 landscaped acres and is located on Route 2, just outside of West Concord Center. It was purchased by Spear Street from SSR Realty Advisors in early October for $39 million.

The complex is currently 95% leased, but several tenants have leases that will expire in the near future. Those include Avaya, a communications company which leases 133,000 sf, and Thermoretec, which leases approximately 90,000 sf. Avaya’s lease runs out in May and Thermotec’s expires in several years.

The leasing will be handled by Trammell Crow principal John Boyle, Keith Gurtler, senior vice president, and Deborah Howerton, senior associate. The property management efforts will be led by Deborah McGee, vice president, and Lori Cronin, senior property manager.

The acquisition marked the first asset procured by Spear Street in the Boston market. “We’ve been looking at opportunities created by the fall-off in the technology market,” says John Grassi, president, “and we’ve been active in a lot of technology markets in the country, San Francisco, Seattle and now Boston.” The building was originally designed and developed by GenRad in 1952 and expanded in phases through 1980.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


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

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.