Media Advisory

FOR IMMEDIATE RELEASE March 23, 2022

CONTACT:
John Caldwell
Paradigm Properties
617-933-8250
[email protected]
Philip A. DeSimone
Kelleher & Sadowsky
508-635-6795
[email protected]

North Colony and Paradigm Purchase Iconic Speen Street Office Building in Framingham for $13,000,000

  • Paradigm Properties of Boston announced today that Paradigm and North Colony Asset Management of Boston have completed the purchase of 111 Speen Street in Framingham. The Paradigm/North Colony team purchased the 117,000 square foot first-class office building from TA Realty of Boston.
  • The new owners are planning a reimagining and modernization of the building through renovations and service enhancements.
  • Paradigm Properties, a 25-year-old full-service real estate investment and management firm, will oversee significant renovations and provide ongoing property management services.
  • For North Colony Asset Management, the acquisition of 111 Speen Street adds to its suburban Boston portfolio of office and mixed-use buildings in New England.
  • 111 Speen Street is an iconic building designed by internationally acclaimed architect Robert A.M. Stern. It offers immediate access to the Mass. Turnpike (I-90) and to nearby amenities, including restaurants, hotels, and retail stores.
  • Current tenants include numerous tech and tech-related companies, such as renewable energy firm Ameresco, loss prevention firm DTT Surveillance, and telecom research firm Futurewei Technologies.
  • Kelleher & Sadowsky of Worcester and Boston, including Phil DeSimone, Andrew Sherman, Todd Alexander, and Ross Miner, has been retained to provide leasing services to recruit tenants across a variety of industry segments.