X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WOBURN, MA-Tudor Risk Services, an insurance brokerage firm, is planning for growth with a 7,000-square-foot lease at 300 TradeCenter 128 here. The firm is newly formed anticipates expansion.

“This new building is the perfect solution for our rapid growth strategy,” says Peter Lennon, president at Tudor Risk, in a statement. “We found this building to be the best in the area to help spur our growth. Not only will the location allow us to hire additional employees to meet the demands of our insurance brokerage firm, but it will allow us to build on our reputation of being a one-of-a-kind, innovative and eco-friendly company.”

The terms of the lease were not disclosed by the owner, Cummings Properties, but the asking price of the building is $24 per square foot. The building totals 550,000 square feet and still has roughly 300,000 square feet available, according to Eric Anderson, VP of leasing for Cummings. Tudor required a “high-end, first class space” and the build-out of the 4th floor space for Tudor was completed quickly, Anderson says.

Tudor was formed this year spanning two offices, one here and one in Albany. Derek Cook, leasing director, represented Cummings in the deal. Tudor also repped itself.

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?

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.