by Andy Hoar, President/Co-Managing Partner
The 2014 Commercial Brokers Association Achievement Awards were held last Thursday night at Boston’s InterContinental hotel. CBRE/New England was once again well represented in this year’s event, with six nominations across all categories and winning both Industrial Deal of the Year and Broker of the Year.
Outgoing CBA President and CBRE/New England Vice Chairman/Partner David Fitzgerald helped kick-off the event, along with the incoming 2015 President, Cresa Principal Adam Subber. CBRE/New England’s Alison Powers, a Vice President on the MetroWest Suburban brokerage team, also spoke at the event on behalf of the CBA’s Developing Leaders.
The Industrial Deal of the Year went to the Affordable Interior Systems, Inc. (AIS) lease at 25 Tucker Drive in Leominster, MA–a deal in which both the tenant and the property owner, Calare Properties, Inc., were represented by CBRE/New England. Bob Gibson, Steve Clancy and Rachel Marks comprised the tenant representation team while Mark Reardon and Bob McGuire represented the building owner. AIS, a manufacturer of commercial office furniture and seating, had been looking for a location to consolidate its collective 500,000 sq. ft. of space under one roof since 2011. After a negotiation period which saw Michigan-based Haworth, Inc. gain strategic interest in AIS, the company wound up leasing 401,316 sq. ft. of a 588,000 sq. ft. building – the largest and most modern manufacturing facility in the Leominster/Fitchburg market. The finalization of the deal required a 13-year tax exemption on behalf of the City of Leominster totaling $929,419. AIS was also granted the option of expanding into the remaining 188,000 sq. ft. as a part of its lease.
The final award of the night was for the 2014 Broker of the Year, which CBRE/New England took home for the second year in a row. This year’s honor was bestowed on CBRE/New England Vice Chairman Greg Lucas. Over his 35-year career in commercial real estate, Greg has sold or leased over 9 million sq. ft. of space in the Greater Boston Area, including the largest commercial lease in the history of Boston, Vertex Pharmaceuticals‘ 1.1 million-square-foot lease at Fan Pier in 2011. Greg’s career has largely concentrated on the representation of life science clients, making him one of the most well regarded specialists in the Cambridge market.
We at CBRE/New England want to congratulate all of our colleagues and business partners who were nominated last night. We’d also like to thank the Commercial Brokers Association for hosting yet another fantastic Achievement Awards ceremony. Here’s to a terrific 2015!