BOSTON (March 2, 2017) – Colliers International, Boston, the exclusive agent for CuraHealth Hospital at 909 Sumner Street in Stoughton, Mass. completed a 26,000-square-foot transaction with Bay Cove Human Services, headquartered on Canal Street in Boston. Bay Cove will immediately occupy the space and will relocate its addiction services program that was previously located on Boston’s Long Island. The program was abruptly uprooted in 2014 when the bridge connecting to Boston collapsed.
"The space was a logical fit for Bay Cove – it was previously home to Steward’s long term acute care unit and needed minimal modifications,” said PJ Foster, a member of Colliers International, Boston’s Southwest team. “The space is a part of an existing medical campus with existing service contracts such as linens and food service in place. It was a no-brainer."
The new suburban location will afford Bay Cove lower rents than the Boston options they were previously considering, and most importantly will give it the opportunity to continue serving the community under one roof.
"PJ and her team at Colliers were there for us every step of the way," said Jim Laprade, senior vice president of operations at Bay Cove. "She created consistent, open communication, kept us informed throughout the process, and gave great advice that kept the deal moving along."
Colliers also landed Gosnold on Cape Cod, who will occupy close to 7,000 square feet beginning this spring. David Ellis of Conway Commercial represented the tenant.
The campus consists of a medical office building and a hospital building, connected by a recently renovated lobby. In addition to a full service cafeteria, the building boasts a new HVAC system, piped oxygen, medical gas, steam sterilization, and emergency generators. Additional spaces are available in the building, including a 23,000-rentable-square-foot hospital suite and up to 10,000 rentable square feet of medical office.
About Bay Cove Human Services
Bay Cove Human Services is a non-profit agency committed to improving the lives of individuals and their families who face the challenges of developmental disabilities, aging, mental illness, and drug and alcohol addiction. The dedicated board and staff accomplish this mission by providing effective and compassionate services and through advocacy and leadership. Bay Cove serves more than 25,000 people each year at 170 program locations throughout Boston and Southeastern Massachusetts.
About Colliers International Group:
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIGI is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.
For further information, please contact:Christine Comey Lewis
InkHouse for Colliers International, Boston