GZA GeoEnvironmental signs long-term lease agreement at 249 Vanderbilt Ave.

NORWOOD, MA (July 13, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has negotiated a new 50,000-square-foot lease to GZA GeoEnvironmental Inc. on behalf of CMI Property Inc. at 249 Vanderbilt Ave. Norwood, Mass.

GZA, a geotechnical engineering, environmental consulting and remediation services firm, will be relocating its corporate headquarters to 249 Vanderbilt Ave. Work to build out the office space at Vanderbilt Avenue for GZA will begin immediately. GZA will take full occupancy of the property in the spring of 2013. Until that time, GZA will remain at its current One Edgewater Drive location in Norwood, MA. GZA was represented in the negotiation by John E. Butterworth, Executive Vice President/Principal of CBRE New England. GZA employs more than 550 engineers, scientists and technical support staff in 25 offices in the United States.

Kenneth Johnston, Senior Vice President Risk Management & Real Estate and Principal at GZA, said, “249 Vanderbilt Ave. is the perfect building and location for our new headquarters and will serve as a hub for our nationwide network.”

The Elliot & Co. team of Elliot Ravech, Dennis Nolfi and Max Ravech represented CMI Property Inc. in the transaction. GZA signed a long-term lease to occupy 48,238 square feet of executive office space on the entire second floor and part of the first floor of 249 Vanderbilt Ave. GZA will additionally lease 2,500-5,000 square feet of space for equipment at another CMI-managed property with in the park, bringing the total lease to more than 50,000 square feet.

Managed by Norwood, Mass.-based CMI Property Inc., Ginny Lenhart, director of operations for CMI, described 249 Vanderbilt Ave. as a 2-story, 90,000-square-foot office building with easy access to Interstate 95 and U.S. Route 1. Elliot & Co. is the exclusive leasing agent for the property, which now is 90 percent leased. Approximately 12,000 square feet of space remains available for lease at the property of which 7,000SF. is pending.

“We’re extremely pleased to have helped GZA GeoEnvironmental satisfy such a large space requirement while staying in the community that has been the company’s longtime home,” said Elliot Ravech, President and Principal of Elliot & Co.

David Speigel, property owner and principal of CMI Property Inc., said, “We are very happy to welcome GZA to 249 Vanderbilt Ave. in Norwood. It is one of the premiere properties in the Route 1/South West submarket and meets GZA’s needs well.”

The Northeast Group Signs On as Tenant at 129 Morgan Drive

NORWOOD, MA (August 6, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has negotiated a new 2,800-square-foot lease to The Northeast Group on behalf of CMI Property Inc. at 129 Morgan Drive in Norwood, Mass.

The Northeast Group, a New England manufacturer's representative organization specializing in the housewares, homestore and giftware industries, is relocating to 129 Morgan Drive from nearby 51 Morgan Drive in Norwood. The Northeast Group took occupancy of the 2,800 square feet of office space on the first floor of 129 Morgan Drive on Aug. 1.

Elliot Ravech, president and principal of Norwood-based Elliot & Co., represented CMI Property Inc. in the transaction.

Managed by Norwood-based CMI Property Inc., and Ginny Lenhart, director of operations for CMI, 129 Morgan Drive, Norwood, is a 2-story mixed-use facility with easy access to Interstate 95 and U.S. Route 1. The building supports office, lab, warehouse, R&D and distribution uses. Elliot & Co. is the exclusive leasing agent for the property, which now is 100 percent occupied.

“The flexibility of the space at 129 Morgan Drive was a key attraction for The Northeast Group,” said Mr. Ravech. “It’s a great property in a terrific location, and CMI Property is proud to welcome The Northeast Group to its tenant roster.”

Office International Gallery, Gerber Electronics and EPSG Inc. all sign on as tenants at 76 Astor Avenue

NORWOOD, MA (August 9, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has negotiated three new lease transactions totally nearly 10,000 square feet of space on behalf of CMI Property Inc. at 76 Astor Ave. in Norwood, Mass.

Office International Gallery leased 1,800 square feet at 76 Astor Ave. while Gerber Electronics signed on as a tenant for 1.700 square feet of space. EPSG Inc. renewed its lease at 76 Astor Ave., tripling its space in the building in the process from 2,000 square feet to 6,000 square feet.

Office International Gallery, which provides quality crafted office furniture for homes and businesses, is relocating to 76 Astor Ave. from 210 Carnegie Row in Norwood. The company’s customers range from start-ups to Fortune 500 companies. Office International Gallery will occupy 1,800 square feet of warehouse/distribution space at 76 Astor Ave., taking occupancy on Aug. 1.

Gerber Electronics, Norwood-based distributor of semiconductors, passive and electromechanical components, enclosures, cabling and electronic assembly materials, will take 1,700 square feet of warehouse space.

EPSG, which is headquartered at 76 Astor Ave., is an engineering and manufacturing company established in 1993. EPSG integrates product design, material development, process development, and prototyping into plastic and elastomeric solutions. EPSG specializes in shock and vibration isolators, molded products and custom material development utilizing rubber, urethane, silicone and thermoplastic. EPSG, which extended its lease expanded its space at the building by 4,000 square feet to a total of 6,000 square feet, is the developer of trademarked DuraFlex rubber products.

Elliot Ravech, president and principal of Norwood-based Elliot & Co., represented CMI Property Inc. in each of the three transactions.

Managed by Norwood-based CMI Property Inc., 76 Astor Ave. in Norwood is a 70.000-square-foot industrial facility with flexible space, including office, laboratory and R&D. Elliot & Co. is the exclusive leasing agent for the property, which now is 100 percent leased.

"The recent flurry of lease signings at 76 Astor Ave. is reflective of the quality and flexibility of the space there,” said Mr. Ravech. “Add to that the convenient Norwood location, and its easy to see why 76 Astor Ave. is a winner and an easy choice for tenants seeking office, warehouse and distribution space.”

8,280-square-foot building offers office and warehouse space

NORWOOD, MA (August 14, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has been named exclusive leasing agent for 858 Providence Turnpike in Norwood, Mass.

Located on a 25,000-square-foot lot, 858 Providence Turnpike is an 8,280-square-foot building with 26 parking spaces with Route 1 northbound frontage. The property offers 4,800 square feet of office space and 3,400 square feet of warehouse space. In addition, the property has a 2,400-square-foot, on-site storage shed.

The building is privately owned by J&DK LP. The space can be subdivided to accommodate multiple tenants. Interested tenants and brokers should contact Elliot & Co.

“858 Providence Turnpike offers fantastic highway access with its Route 1 location,” said Elliot Ravech, President and Principal of Elliot & Co. “The on-site storage facility also is a big plus for prospective tenants.”

1,750 SF free-standing Route 9 retail building available for immediate occupancy

NORWOOD, MA (August 16, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has been named exclusive leasing agent for 154 Worcester St. in Natick, Mass.

Located at the junction of Route 9 (Worcester Street) and Oak Street, 154 Worcester St. is a free-standing, 1,750-square-foot retail building. Previously occupied by TD Banknorth, the property is accessible by both the eastbound and westbound traffic lanes along Route 9, one of the state’s premier retail corridors.

The retail building at 154 Worcester St. has a fully usable basement and is available for immediate occupancy. The building is privately owned by PMK Realty Trust. Interested tenants should contact Elliot & Co.

“A stand-alone small-shop space with easy access to both lanes of traffic along Route 9 is a unique opportunity for a retail tenant to stand out,” said Elliot Ravech, President and Principal of Elliot & Co. “This is truly a remarkable opportunity for the right retail establishment.”

Elliot & Co. represents landlord CMI Property Inc. in transaction at 249 Vanderbilt Ave. in Norwood

NORWOOD, MA (August 21, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has negotiated a new 5,000-square-foot lease to U.S. Edge on behalf of CMI Property Inc. at 249 Vanderbilt Ave. in Norwood, Mass.

U.S. Edge, which provides custom IT and telecommunications solutions to its customers, will occupy space on the first floor of 249 Vanderbilt Ave. and have its headquarters at the property.

Elliot Ravech, President and Principal of Elliot & Co., represented CMI Property Inc. in the transaction.

Managed by Norwood, Mass.-based CMI Property Inc., 249 Vanderbilt Ave. as a 2-story, 90,000-square-foot office building with easy access to Interstate 95 and U.S. Route 1. Elliot & Co. is the exclusive leasing agent for the property. The U.S. Edge lease, coupled with a number of other transactions at 249 Vanderbilt Ave. last quarter, including a nearly 50,000-square-foot lease to GZA GeoEnvironmental Inc., brings the building to 90 percent occupancy. Approximately 9,000 square feet of space remains available for lease at the property.

“With great highway access and modern, flexible space, 249 Vanderbilt Ave. is the perfect location for U.S. Edge, one of Greater Boston’s premier high-tech companies,” said Elliot Ravech, President and Principal of Elliot & Co.

Law Firm Ravech & Murphy Signs On as Tenant at 129 Morgan DriveББ

NORWOOD, MA (September 27, 2012) — Elliot & Co. LLC, a leading commercial real estate brokerage firm, has negotiated a new 2,500-square-foot lease to the law firm of Stuart Ravech LLP & Scott Murphy, Esq., on behalf of CMI Property Inc. at 129 Morgan Drive in Norwood, Mass.

Ravech & Murphy, a general practice law firm, is relocating to 129 Morgan Drive from 212 Carnegie Row, another Norwood office property managed by CMI. Ravech & Murphy will occupy space on the second floor.

Elliot Ravech, president and principal of Norwood-based Elliot & Co., represented CMI Property Inc. in the transaction.

Managed by Norwood-based CMI Property Inc., 129 Morgan Drive, Norwood, is a two-story, mixed-use facility with easy access to Interstate 95 and U.S. Route 1. The building supports office, lab, warehouse, R&D and distribution uses. Elliot & Co. is the exclusive leasing agent for the property, which now is 100 percent occupied.

“It is a testament to the management of CMI Property that Ravech & Murphy has opted to relocate from one CMI-managed property to another,” said Mr. Ravech. “It’s also a clear indication that the buildings managed by CMI in Norwood remain competitive and attractive in the marketplace.”