Boston Ballet Signs 26,550-Square-Foot Lease at Newton Nexus

From Boston Ballet:

Boston, MA (October 12, 2016) — Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that Boston Ballet, the internationally acclaimed ballet company, has leased 26,550 square feet (SF) at Newton Nexus, a dynamic 142,000 SF new mixed-use development located at 141-165 Needham Street in Newton, MA.

Avison Young Principals Jack Kerrigan and Keith Gurtler, along with Senior Vice-President Mark Coelho, who are based in the firm’s Boston office, represented the landlord, Crosspoint Associates, Inc., in the transaction.

Boston Ballet will relocate the Boston Ballet School Newton Studio from its current location at 863 Washington Street in Newton to 153 Needham Street in the summer of 2017. The new location will allow for extended programming with a total of seven studios, and will better serve the community with more space, parking, accessibility and amenities. This expansion and relocation will provide students and parents a new, state of the art studio, all while maintaining their already established rapport with the community.

Located just off I-95 in Newton, Newton Nexus is a vibrant new development that will become a premier community-oriented retail destination filling the demand for dining, shopping and community engagement offerings in the N2 Innovation Corridor. The project is located within walking distance to numerous restaurants and retail shops, as well as the MBTA Green Line.

“We are pleased to welcome the Boston Ballet to Newton Nexus as the studio’s mission of enhanced community service aligns perfectly with our goals for this project,” said Jonathan Hueber, Director of Acquisitions and Leasing for Crosspoint. “We look forward to integrating them into our diverse tenant mix of retail, dining, and community offerings.”

With the addition of the Boston Ballet, Newton Nexus is 85% leased. Confirmed tenants include TJ Maxx, which will take on 32,000 sf in 141 Needham Street; bfresh, which will be located in 21,000 sf at 165 Needham Street; and Sierra Trading Post, which will open 18,500 sf in 141 Needham Street. Additionally, Qdoba, Boston Ski & Tennis, and Anthony’s Coal Fired Pizza will join the Newton Nexus community.

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