Wednesday, July 30, 2014
NEW BOSTON FUND LEASES 26,505 SQUARE FEET OF CLASS-A OFFICE SPACE IN CHARLOTTE
Harris Corners Corporate Park welcomes two new tenants and renews three leases
Charlotte, N.C. – July 30, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has renewed two leases with Griffith Engineering and INDS Holdings for 1,786 and 10,953 square feet, secured two new leases with IFM Efector and Computernet, Inc. for 2,285 and 7,743 square feet, and secured an expansion with Quint Events for 3,738 square feet at Harris Corners Corporate Park in Charlotte.
Acquired by New Boston in April of 2011, Harris Corners Corporate Park consists of two five-story buildings built in 2001 and 2006, and one four-story building built in 2000. All part of the 75-acre park, the three buildings total 361,144 square feet of Class-A office space. The property was developed and has been maintained using sustainable building and management practices.
“We are extremely pleased that the existing tenants have chosen to remain at Harris Corners and that the property continues to bring in new companies,” said Pamela Adamian, Vice President of Asset Management at New Boston Fund. “The level of interest in the building is a reflection of the excellent location and the quality of the management practices.”
Harris Corners offers fitness and locker room facilities, building efficiencies, jogging trails, extensive parking and is in close proximity to an excellent amenity base. The property is very accessible, situated along I-77, a major artery in the metro region, and is positioned at the last exit north of the city that offers a Charlotte address.
The new tenants will join an impressive tenant roster that includes Monumental Life, North American Transmission Forum, Wood Forest National Bank, and THR Property Management.
New Boston was represented by Jones Lang LaSalle in all transactions.
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 $3.5 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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