Published by Banker & Tradesman
As suburban office vacancies crept up during most of 2024, Hobbs Brook Real Estate
bucked the trend by executing 683,000 square feet of office leases in the past 12 months,
representing 15 percent of its portfolio. The Waltham-based company owns 4.5 million
square feet of commercial real estate, including 2.6 million square feet in Lexington and
Waltham, and is in the process of recruiting additional tenants with building upgrades and
tenant engagement activities such as bicycle repair days, holiday pop-up stores and cooking
classes. Hobbs Brook also manages the real estate portfolio of its parent company, Rhode
Island-based insurer FM Global. Before joining Hobbs Brook Real Estate, Peter Gottlieb
was a senior vice president and regional director at Rubenstein Partners, overseeing its
investments in New England and the Chicago market.
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