CASE STUDY Boston-based Software Developer

OVERVIEW

  • Boston, MA Financial District
  • Plug-n-Play Office with Expansion Opportunity
  • 24,565 SF in a Class A Building
  • Negotiated Existing Lease Termination

 

“The Lee & Associates Boston team has continued to impress us since we founded our company in 2017 and supported our growth flawlessly. Their well thought out approach, best practice model, combined with sheer hustle to meet our needs has galvanized our confidence with Lee & Associates as our strategic real estate partner into the future!”

  • CEO, Paperless Parts

For more information regarding this case study, please contact:

ERIC SOLEM

Managing Principal | President
D  (617) 869-4605
esolem@lee-associates.com

 

SCOTT RICHMOND

Principal
D  (617) 733-1504
srichmond@lee-associates.com

The Challenge

Paperless Parts, a Boston-based cloud software development company, had outgrown their space in Boston within one year of a five year lease. They engaged Lee & Associates Boston to scour the Boston market for office space alternatives that would provide plug-n-play options for growth, requiring no capital outlay, while back filling their existing space with either a subtenant or direct tenant, allowing them to mitigate existing obligations.

Our Approach

The Lee & Associates Boston team engaged in a site search and selection evaluating over 50 alternatives to accommodate growth for Paperless Parts. The Lee Boston team also launched a proactive listing and outreach campaign for the disposition of Paperless Parts' existing space in Boston which needed to be completed simultaneously with securing expansion space.

The Outcome

The Lee & Associates Boston team was not only able to find an amazing plug-n-play growth option to triple the size, the team identified and negotiated a termination of the existing lease at no additional cost to Paperless Parts. The Lee Boston team provided incredible value establishing a new space that not only enhanced branding and teamwork with a platform for growth, the new expansion space was secured effectively 60% below market.