Where: Andover
What: 200 Brickstone Square
Owner: KS Partners and Contrarian Capital Management
Built: 1920
- Recruiting agency ALKU has signed a seven-year lease for 8,239 square feet at 200 Brickstone Square, part of the 1-million-square-foot Andover Landing at Brickstone complex. The transaction brings ALKU’s total occupancy in Brickstone Square up to 24,489 square feet, including a five-year extension on its previous space, tenant improvements and additional expansion options.
- Joe Doyle and Dan Sullivan of Cresa Boston negotiated the lease for ALKU, and Kerry Olson Hawkins and Jason Levendusky from CBRE represented ownership.
- Contrarian Capital Management entered a $90 million joint venture with KS Partners for the three-building office complex this spring. KS recently completed a $5 million capital improvement program including expanded café services, a 375-seat cafeteria, a new outdoor patio and courtyard, coffee and juice bar, 100-seat conference center and game room.
- The 53-acre park contains three buildings built between 1919 and 1934 as the headquarters of American Woolen Co. that were converted to office space in 1986.
“We have relied on Cresa Boston to advise us on our lease negotiations at Andover Landing at Brickstone and always trust they will get us the best possible terms. The fact that they are focused solely on negotiating on our behalf as the tenant, and that they are so knowledgeable about this particular building was important to us. It is comforting to know that we are able to stay in this strategic location as we expand our operations.”
— Mark Eldridge, CEO and founder, ALKU
