10-50 Charles St. in Westwood — Courtesy: CBRE
By Joshua Burd
A denim company and a printing firm have combined to lease more than 67,000 square feet at a Westwood industrial building, brokers with CBRE announced Wednesday.
The larger tenant, Mavi Jeans, is taking 42,507 square feet at 10-50 Charles St. as part of a transaction with Treetop Development. Digital Lizard, which specializes in traditional and print technology, has committed to 24,630 square feet.
The deal comes less than a year after Treetop acquired and announced plans to modernize the 120,000-square-foot building.
“Prior to Treetop’s acquisition and subsequent investment in upgrading the property to meet the demands of modern industrial tenants, 10-50 Charles Street was vacant for six years,” CBRE’s Kevin Dudley said. “The renovations undertaken by ownership were instrumental in attracting major companies and achieving record rents in the market.”
Dudley represented Treetop alongside Bill Waxman and Nick Klacik, in conjunction with Elli Klapper, all of CBRE.
Recent upgrades and renovations at the building include new LED lights, epoxy floors, white-washing the interior and additional loading capacity, among others. Treetop has sought to capitalize on the location of the single-story facility, which has 10,000 square feet of office space, parking for 127 cars, 14- to 22-foot clear ceiling heights, dock seals and eight tailgate doors.
“As Treetop continues to bolster its portfolio in the Garden State, we plan to invest in this value-add strategy not only at 10-50 Charles Street, but other industrial sites as well,” said Adam Mermelstein, a principal at Treetop Development.