Home > Press Releases > Brookwood Welcomes Potpourri and DGI, Signing Leases for 110,923 Square Feet at Brookwood Business Center

Brookwood Welcomes Potpourri and DGI, Signing Leases for 110,923 Square Feet at Brookwood Business Center

Brookwood Welcomes Potpourri and DGI, Signing Leases for 110,923 Square Feet at Brookwood Business Center

(Beverly, MA) – March 7, 2012 – Brookwood Financial Partners, LLC (“Brookwood”), a leading real estate investment and asset management company, announced today that it recently executed leases for 110,923 square feet at the Brookwood Business Center, a 448,616 square foot office and flex park located in Billerica and Tewksbury, Massachusetts.  Brookwood is pleased to welcome Potpourri Group, Inc., which leased 72,000 square feet of office space for its corporate headquarters, and DGI-Invisuals, LLC, which leased 38,923 square feet.

Brookwood purchased the park at the end of 2010 from LNR Partners, a special servicer that had acquired the park from the previous owner through foreclosure proceedings.  The property consists of six office and flex buildings which were 42% occupied at the time of Brookwood’s acquisition.  Brookwood has made numerous enhancements to the park, including significant upgrades to the landscaping, new signage, parking lot and roadway improvements and the replacement of roofs at two of the buildings.  “We are very delighted to bring Potpourri and DGI to the park,” stated Kurt Zernich, Brookwood’s Director of Asset Management.  “We believe that these leases are a testament to the improvements that we have made, along with the attractive leasing terms that we can offer.”  Mr. Zernich indicated that Brookwood intends to make further improvements to the park, including the addition of a café and changes to certain common areas.

“We have been very pleased with the level of interest in the property shown by potential tenants and are currently in lease negotiations for additional space,” stated Amy Grey, Brookwood’s asset manager for the park.  “Based upon these leases and other current activity, we believe that we will see significant further leasing in the near term,” she continued.

Richards Barry Joyce & Partners represented Brookwood with respect to the leasing, while Potpourri and DGI were represented by Neil Ross and Greg Zais of Jones Lang LaSalle and Sam Oddo of Oddo, Inc., respectively.

About Potpourri
Potpourri Group operates as a multi-title catalog company in America. Its catalogs include home-décor gifts and accessories, such as mirrors, decorative shelves and wall plaques, kitchenware, and candlestands; jewelry, including earrings, necklaces, chains, watches, pins, and crystals and gemstones; apparel; seasonal/holiday merchandise; personalized items; outdoor statuary and accessories; framed prints; lamps; planters; tables and cabinets; area rugs; and collectibles. The company also offers personalized collars, tags, and feeding bowls; doghouses; custom leashes, cages, crates, and covers; chew toys and treats; pet beds and furniture; breed-specific sweatshirts and tees; and horse-themed gifts and accessories. In addition, it offers projects and accessories for stitchers, including floor frames hoops; magnifiers; needlecase; tape measures; and scores of pillow, towel, quilt, and framable needlecraft kits; and embroidered accessories. Further, the company offers incense, aromatherapy, zodiac calendars, and art prints; house, garden, and personal products; casual apparel, gifts, and collectibles in outdoor and nature themes; and table games, unicycles and pogo sticks, bouncing shoes, riding toys, and children’s toys and games. The company was founded in 1963.

About DGI
DGI-Invisuals, LLC is the premier large format digital printer in New England and serves customers across the nation. Originally founded in 1994 congruent with the advent of digital printing technology itself, DGI has grown, merged and acquired companies over the years and now is the largest company of its kind in the region. DGI’s capabilities include a wide array of products and services and it has the top large format printing and finishing equipment available in the industry. As an additional benefit of merging together some of the top large format digital graphics companies in the area, its staff of 60 is comprised of some of the best professionals in the field. DGI has a highly skilled customer service department with expert project management, professional digital services, and a seasoned installation team all supported by sophisticated technology and a mature commercial infrastructure. DGI’s clients include top retail chains, financial institutions, ad agencies and design firms.

About Brookwood
Brookwood is a Massachusetts-based private equity firm that acquires real estate and invests in private companies.  Since 1993, Brookwood has acquired over 105 properties totaling approximately 9.5 million square feet of office, retail, flex and research & development space as well as 143 hotel rooms, 138 condominium units, 572 apartment units and 1,360 residential building lots.  Brookwood has acquired real estate throughout the United States including in Arizona, California, Colorado, Florida, Georgia, Maine, Maryland, Massachusetts, New Jersey, North Carolina, Rhode Island, Texas and Virginia.  In addition, Brookwood has invested in private companies in the wireless communications, restaurant, software and outsourcing industries.  Brookwood has invested $450 million in equity to acquire assets with a realized and unrealized value of over $1.2 billion.

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