Transwestern Secures Lease in Boston’s South End
- Jul 27, 2017
Transwestern Consulting Group has brokered a 10,000-square-foot lease at a five-story office building in Boston, on behalf of Legacy Real Estate Ventures LLC. The new tenant, Freight Farms, is relocating its corporate headquarters to consolidate its rapidly growing operations.
Located at 46 Plympton St., the asset encompasses 29,750 square feet of office space. Freight Farms is moving from its current location at 840 Summer St. and will occupy the first and fourth floors at 46 Plympton St. The Boston-based company provides physical and digital solutions for creating local produce ecosystems. It has deployed farms throughout the U.S., Canada and the Caribbean, as well as recently expanded to Europe and Dubai.
Nearing full occupancy
TCG Partner Tom Ashe, along with Senior Vice Presidents Patrick Buckley and Jeff Landers, worked on behalf of the landlord in the lease negotiations, while Scott Richmond, principal at Landmark Real Estate Advisors, represented the tenant. The entire second floor is still available for lease, comprising 5,000 square feet.
“A distinctive building with charm and character, 46 Plympton St. has a brick-and-beam construction that is typical of Boston’s South End,” said Buckley, in prepared remarks. “As lease rates continue to climb in areas like the Seaport District, Back Bay and Financial District, we’re seeing an increase in interest for other locations within the city, particularly from startup and early-stage companies.”
The property is situated in Boston’s South End district near the Ink Block development—where several hundred residential units are under construction— and the future site of the Boston Flower Exchange. Legacy Real Estate Ventures acquired the asset in February 2016 and selected Eastport Real Estate Services to handle property management.
Image courtesy of Eastport Real Estate Services