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NKF Secures 47K-SF of Office Leases in Watertown

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.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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