Completed assignment of advising on KinderCare lease renewal

September, 2018 Rob Nahigian, FRICS, SIOR, CRE, MCR of Auburndale Realty Co., Newton, Mass. is pleased to announce the completion of a counseling assignment on the lease renewal of KinderCare and WF Lacey &Sons, Co. f Salisbury, MA. Rob represented WF Lacey as the landlord’s real estate advisor in the negotiations of this long-term lease renewal that now has a control period for the next three decades. The building was developed for KinderCare as a build-to-suit in 1999 as a one-tenant child care facility. The property has over 12,700 square situated on 4.4 acres. The building is located at 262 Concord Road, Billerica, MA in the Concord Corporate Park and abuts Rt. 3. KinderCare has over 1400 locations nationwide with over 32,000 teachers and serving over 170,000 children. KinderCare is headquartered in Portland, Oregon. WF Lacey & Sons is headquartered in Salisbury, MA.