- 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.
