Colliers International Successfully Executes Multiple Leases for 175 Paramount Drive, Raynham 

The Boston Colliers International team of David Goodhue, PJ Foster and Kevin Brawley was instrumental in executing a 7,897 square foot lease with Claris Vision as well as a 2,494 square foot lease with Solar City Corp. at 175 Paramount Drive in Raynham. Colliers also renewed 3,422 square feet with Bureau Veritas North America in the building. Colliers represented the owner of the property, Shearwater Holding Companies, LLC, and has successfully leased 40% of the availability since taking on the assignment 9 months ago. The 27,000 square foot office building is part of the Raynham Woods Commerce Center. 

Johnson & Johnson also extended its lease in 175 Paramount Drive’s sister building, 375 Paramount Drive.

"We identified 175 Paramount Drive as high quality asset that was extremely well located at the intersection of Routes 24, 495 and 44.  We believed its high vacancy rate was due to a lack of leasing direction at the time,” said James Ciffolillo, managing Partner of Shearwater Companies. “Our leasing team at Colliers International proved us right.  We have seen great activity since acquiring the property, which is largely due to the hard work of our team and an understanding of what the local market was lacking.”

Shearwater Holding will be making significant building improvements, including updates to landscaping and the common areas, as well as adding a café.

 “The majority of office buildings in this market lack key amenities,” added Jon Ciffolillo, managing Partner of Shearwater Companies. “Given the quality of this asset, it only makes sense to offer first class common areas and amenities. We incorporated feedback from the existing and prospective tenants into a new café and complete lobby redesign."

Claris Vision was represented by Ovar Osvold of NAI Hunneman. George O’Connor of Cushman & Wakefield represented Solar City and the Jones Long LaSalle team of Rich Schuhwerk and Sean Lynch represented Bureau Veritas.

“It’s been a pleasure working with The Shearwater Companies on this assignment,” said David Goodhue, Senior Vice President of Colliers International. “They understand Tenant’s needs and challenges, and are accommodating and creative in providing a mutually beneficial solution.”

ABOUT COLLIERS

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,146 professionals operating from 554 offices in 66 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.