Brookwood Welcomes Thermo Fisher Scientific and ITG Logistics to 300 Jubilee
BEVERLY, Mass. -- July 19, 2013
Brookwood Financial Partners, LLC (“Brookwood”), a leading real estate
investment and asset management company, announced today that it has recently
executed two new leases totaling 91,907 square feet at its 300 Jubilee Drive
property located in Peabody, Massachusetts. A division of Thermo Fisher
Scientific (“Thermo Scientific”) has entered into a 10-year lease for 56,600
square feet, and International Transportation Group (“ITG”) has entered into a
five-year lease for 35,307 square feet.
300 Jubilee was previously the corporate headquarters of Boston Acoustics.
Brookwood acquired the property at the end of 2009, and as part of the
acquisition, entered into a two-year lease with Boston Acoustics for the
entire building. The property is located in Centennial Park, directly off
Route 128 and within a quarter mile from the I-95 and Route 128 interchange.
“We are thrilled to have both Thermo Scientific and ITG as new tenants in our
300 Jubilee property,” stated Elizabeth Sarni, Brookwood’s Northeast Region
Asset Manager. “We have a number of other groups interested in this building
because of our ability to offer quality office and warehouse space ranging
from 10,000 to 72,000 square feet. Given that the building was acquired during
the depths of the recession at a deep discount to replacement cost, we can
offer very competitive leasing packages to prospective tenants.”
Listing brokers for 300 Jubilee Drive are Matt Daniels, Chris Decemberle and
Andrew Whipple with Jones Lang LaSalle. Thermo Scientific was represented by
Hank Amabile with Newmark Grubb Knight Frank and ITG was represented by Greg
Klemmer with Colliers International.
About Brookwood Financial Partners, LLC– Brookwood is a Massachusetts-based
private equity firm that acquires real estate and invests in private
companies. Since 1993, Brookwood has acquired 122 properties totaling over 11
million square feet of office, retail, flex and research & development space
as well as 143 hotel rooms, 138 condominium units, 572 apartment units and
1,360 residential building lots. Brookwood has acquired real estate throughout
the United States including in Arizona, California, Colorado, Florida,
Georgia, Maine, Maryland, Massachusetts, New Jersey, North Carolina, Rhode
Island, Texas and Virginia. In addition, Brookwood has invested in private
companies in the wireless communications, restaurant, software and outsourcing
industries. Brookwood has invested over $529 million in equity to acquire
assets with a realized and unrealized value of over $1.4 billion.
About Thermo Fisher Scientific Inc., – Thermo Scientific is the world leader
in serving science. Their mission is to enable their customers to make the
world healthier, cleaner and safer. With revenues of $13 billion, they have
approximately 39,000 employees and serve customers within pharmaceutical and
biotech companies, hospitals and clinical diagnostic labs, universities,
research institutions and government agencies, as well as in environmental and
process control industries. They create value for stakeholders through three
premier brands, Thermo Scientific, Fisher Scientific and Unity™ Lab Services,
which offer a unique combination of innovative technologies, convenient
purchasing options and a single solution for laboratory operations management.
Their products and services help customers solve complex analytical
challenges, improve patient diagnostics and increase laboratory productivity.
About ITG Global Logistics – ITG is a renowned and competent logistics
services provider that stands out for its extensive product portfolio. They
offer made-to-measure logistics solutions that precisely meet customers'
specific needs and requirements. As a full service logistics specialist they
cover transport, warehousing and consignment sales combined with comprehensive
value-added and supplementary services in all areas of modern procurement,
contracting and distribution logistics. International transports via air
freight, ocean freight and land transport on trucks as well as customs
clearance make up the core activities of the ITG Freight Forwarding division.
The sectionITG Logistics + Distributionis a partner for contract logistics,
outsourcing and supply chain management.
Jayne M. Rice, 978-927-8300
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