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Image courtesy of Colliers International
What: Dedham Row portfolio
Where: 980 Washington St., 3 Allied Drive and 333 Elm St.
Owner: KS Partners
Built: 1975, 1985 and 1984
During the initial wave of the COVID-19 pandemic, brokers for Colliers International’s southwest team completed 85,000 square feet of office leases at KS Partners’ three-building Dedham Row portfolio.
The leases comprise 22 percent of the total leasable area in the Dedham portfolio and cover a wide range of industries including financial services, energy, insurance, law and health care.
At just under 30,000 square feet, Brown & Brown Insurance is the largest of the most recent leasing transactions, and represents an in-portfolio relocation and expansion, moving from 333 Elm to 980 Washington. Other recently signed leases including expansions and renewals/extensions include: HDAI, Hawthorne, Canon, ARC, Highline, Platinum Equity, Yes Energy, Bryan Wellness, NRK Investments and Trillium Technical.
They Said It:
“Plenty of tenants are still focused on the endgame with a ‘this too shall pass’ mindset. We are going to come out of this pandemic with some new rules and sensitivities, but at the end of the day Dedham Row’s unique underlying fundamentals will continue to attract tenants seeking a strategic location central to both highway and rail commuters and a first-class on-site experience.”
— P.J. Foster, senior vice president, Colliers International
