Monday, April 23, 2012
NEW BOSTON FUND SECURES NEW LEASE AT STEVENS FOREST GREEN
Premier Home Mortgage, Inc. leases 2,491 square feet of Class-A office space in Columbia, Md.
Arlington, Va. (April 23, 2012) — New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has leased 2,491 square feet of Class-A office space to Premier Home Mortgage, Inc. at Stevens Forest Green, New Boston's Class-A office building located in Columbia, Md.
Premier Home Mortgage's lease brings Stevens Forest Green to 86 percent occupied; the property contains 12,199 square feet available for lease.
"We are pleased to welcome Premier Home Mortgage as a member of our community of tenants at Stevens Forest Green," said Pat Shooltz, Mid-Atlantic Regional Director, New Boston Fund. "New Boston acquired this property because we expected it to be attractive to quality tenants and this lease with Premier Home Mortgage has confirmed our expectations. We are very pleased by our leasing activity as the building has generated strong interest in the short time we have owned it due to the high-quality and the excellent value-to-cost it offers to our tenants."
Stevens Forest Green is an 84,300-square-foot, three-story Class-A suburban office building. Notable tenants at Stevens Forest Green include Johns Hopkins Community Physicians, Xerox, Inc., Energy Solutions, Inc., Patapsco Eye MDs LLC, HR Anew, Inc., and Meridian Medical Technologies, Inc. Located in the Columbia South submarket, the property has excellent access to all of Columbia's amenities and transportation network.
Cassidy Turley Managing Director, Andrew Smith, and Senior Vice President, Charlie Fenwick, represented New Boston and Steven Tove, Associate at Baxley Realty Advisors, Inc., represented Premier Home Mortgage, Inc.
Stevens Forest Green is strategically located on Stevens Forest Road in the Hillside Executive Park at the interchange of Route 29 and Broken Land Parkway, a central location in the Baltimore Washington Corridor. The building affords convenient access to public transportation, Interstate 95, Maryland Routes 29 and 32, as well as a wide range of amenities, including The Mall in Columbia that offers more than 200 stores and restaurants.
New Boston purchased the property in November 2011 as part of New Boston Fund VII. New Boston does not disclose acquisition or leasing prices.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com
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