Cooley Godward Kronish, a national leader in representing technology and life sciences companies and litigating high-stakes commercial and intellectual property disputes, has sublet the entire 46th floor of The Prudential Center in Boston with the assistance of Newmark, one of the largest independent real estate service firms in the world. The transaction, in which Cooley leased nearly 27,000 square feet of office space, took just 30 days to complete and enabled Cooley to get its newest office fully operational by its July 16 target date.
Cooley’s expansion to Boston is the most recent sign of the region’s booming technology, life sciences and private equity sectors, and for Newmark it was a welcome opportunity to once again prove its leading commercial real estate capabilities.
“When the Firm committed to making Boston the next market for Cooley’s continued East Coast expansion, we turned again to Newmark,” commented Dick Bradshaw, the Firm’s Executive Director. “Newmark provided excellent market information and top-notch advice within a very tight timeframe.”
“When we were first engaged by Cooley, we realized that establishing a Boston office quickly and on a basis consistent with its image was a primary objective of the firm,” said Jim Thomson, managing principal at the Boston office of Newmark. “That instantly became our primary goal and I’m confident that we succeeded in doing that and more.”
Aaron Katz and Pat Nalls, managing principals in Newmark’s Washington, D.C. office, joined Thomson in brokering the Cooley transaction. Tom O’Regan of Richards Barry Joyce represented the sublessor in the transaction.
About Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark and London-based partner Knight Frank Newmark operate from over 165 offices in established and emerging property markets on six continents. Last year, transactions were valued at more than $37.3 billion with annual revenues of over $537 million. With a combined staff of more than 5,300, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For further information, visit www.newmarkkf.com.