"We're delighted," Campanelli leasing director Peter Brown tellsGlobeSt.com. "That's a real coup for the property." Previouslylocated at Crown Colony Office Park in Quincy, Traveler's had beenone of the highest quality prospects circulating in the southsuburban submarket this year. The firm reportedly considered avariety of options prior to inking the agreement, a deal that willhave them taking the entire second floor of building one.

Among the state's most active developers for both office andindustrial real estate, Braintree-based Campanelli acquired 350Granite St. last August for $18.6 million from owner/occupantVerizon Corp., then struck a leaseback agreement with the sellerfor 40,000 sf.

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.