September 23, 2020
Newmark Knight Frank has secured two lease extensions totaling 46,966 square feet at Riverworks at Aetna Mills, an office building in Watertown, MA.
Located at 480 Pleasant St., the brick and beam office building was built in 1907 and is one mile from Watertown Square as well as seven miles from the Boston CBD. Vacancies in the Watertown office market are just 2.4% and asking rents are currently averaging roughly $40 per square foot, according to NKF.
Mark Roth, Brianna Piacitelli, Brendan Daly and Matthew Malatesta of NKF represented the owner, Paradigm Properties, in the two lease transactions. Chris Lawrence of JLL represented industrial 3D printer manufacturing company Markforged, which signed a 36,291-square-foot lease extension. Additionally, Brooke Blue of JLL represented pharma intelligence provider InCrowd, which signed a 10,675-square-foot lease.
For comments, questions or concerns, please contact David Cohen