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QUINCY, MA-A 50,000-sf lease has brought 150 Newport Ave. to 100% occupancy, owners Normandy Real Estate Partners have said. Quincy College will occupy the space in the 121,000-sf building not taken earlier this year by anchor tenant British Telecom.

Normandy principal Raymond Trevisan says efficient floor plates exceeding 32,000 sf and proximity to the Quincy College campus were factors in landing the school as a tenant, as well as the direct access to Boston and suburban South Shore communities afforded by 150 Newport Ave.’s presence in North Quincy. “The excellent location on the MBTA [subway] line and first-class amenities helped our team lease this building in a short period of time,” says Trevisan, whose firm also provides on-site property management services.

Richards Barry Joyce & Partners handled the leasing assignment for 150 Newport Ave. RBJ principal Michael Frisoli praised Normandy’s stewardship of the property, the first CRE asset acquired in Greater Boston by the Morristown, NJ-based real estate investment firm. Normandy paid $13.6 million to secure the four-story building in December 2005 and set about on a gut rehab of the vacant structure that culminated with the Quincy College lease.

An estimated $1.5 million was spent on such things as upgrading the multi-level lobby, a common area that now features wide screen televisions and seating areas. The building also has a full-service cafeteria and executive conference room, while Normandy is adding a fitness center and locker rooms. “Normandy’s repositioning of the building and capital improvements made 150 Newport Ave. one of the most attractive buildings in the market,” says Frisoli, who negotiated both Quincy College and British Telecom leases at the property in partnership with colleague Cal Hudak. The broker for Quincy College was Key Realty.

Normandy presently owns more than a dozen office buildings in suburban Boston. Besides 150 Newport Ave. on the southern tier of the regional office market, the firm owns buildings along Route 128 in such communities as Dedham, Newton, Waltham, Lexington and Burlington.

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