46 East Main St. in Somerville — Courtesy: Deluccia Commercial Group
By Joshua Burd
A financial services consulting firm has renewed and expanded its lease in Somerville, where it now occupies more than 16,000 square feet at a prominent downtown property.
That’s according to Deluccia Commercial Group, which represented both parties in the deal between FinPro and Somerville Urban Renewal LLC, the landlord at 46 East Main St. The brokerage team noted that the tenant initially leased 8,395 square feet in August 2022 but has nearly doubled its footprint with its latest three-year renewal at the mixed-use property, reflecting the firm’s continued growth and long-term commitment to the borough’s historic commercial district.
Deluccia Commercial Group’s Tim Deluccia spearheaded the 16,293-square-foot transaction.
“FinPro’s continued expansion at 46 East Main Street demonstrates both the company’s success and the appeal of downtown Somerville as a premier location for growing businesses,” Deluccia said. “Since establishing operations here in 2022, FinPro has significantly increased its space requirements, and this renewal underscores the value that a modern mixed-use environment can provide to office users.”
Founded in 1987, FinPro is a nationally recognized consulting firm serving banks, credit unions and other financial institutions, according to a news release. The company provides strategic planning, enterprise risk management, regulatory consulting, asset and liability management and leadership advisory services to clients throughout the United States.
Its home in the heart of downtown Somerville is a newly constructed mixed-use building with ground-floor retail space, modern office space on the second and third floors and luxury apartments on the fourth, Deluccia said. Tenants have immediate access to the vibrant business district known for its diverse dining, shopping and entertainment offerings, as well as convenient access to NJ Transit rail service and major regional highways.
