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Bank of America Renews and Expands its Retail Footprint in Combined Properties’ 1st Class Retail Center in Malden, MA

Malden, MA – Combined Properties, Inc. a full-service real estate investment and development firm, is pleased to announce that Bank of America, headquartered in Charlotte, NC, recently renewed its lease at 157 Centre Street in Malden, MA.  In doing so, the bank expanded its retail footprint from 3,100 square feet to 4,891 square feet.  Bank of America shares this first class retail center with T-Mobile and H&R Block. Situated along Route 60 and adjacent to Stop & Shop in the heart of Malden’s Central Business District, the property offers the bank unparalleled exposure and opportunity for growth.

Greg Regazzini, SVP, Director of Leasing for Combined Properties said, “We are delighted to continue our longstanding relationship with Bank of America.  “Interest in our Malden portfolio of properties has never been stronger. Investors, business owners and Boston brokerage houses alike have discovered Malden as a viable alternative to Cambridge and Somerville.  The level of real estate investment dollars flowing into the city across all asset classes not only confirms that interest but also bodes well for the long-term growth and financial health of the city.”

Mr. Regazzini represented the landlord in this lease transaction. Matt McCreedy of CBRE represented Bank of America.

Combined Properties, Inc. specializes in high-quality office, R&D, industrial, retail and multi-family properties in the Northeast.  Since its founding, the company has purchased, developed and managed over three million square feet of space.  Most recently, Combined Properties, Inc. expanded its office portfolio with the addition of 295 Canal St., Malden, MA.  The first-class, 5-story office structure totals 55,230 square feet. 295 Canal features a floor-to-ceiling window line with sweeping views of the Malden River and Boston skyline. Situated along the banks of the Malden River, the building also offers 171 parking spaces and is a short walk to the MBTA Orange Line and Malden’s Central Business District.

For more information on this property or other commercial real estate leasing questions, contact:

Greg Regazzini
SVP, Director of Leasing
Tel: 781.321.7800 x318
gregazzini@combinedproperties.com
www.combinedproperties.com

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