Maynard, MA — May 31, 2023 — SVN | Parsons Commercial Group | Boston has completed an 18,473 square foot office lease at 2 Mill & Main Street in Maynard, Massachusetts for Alaka’i Technologies.
Associate Advisor, Trevor Holmes and Senior Advisor, Garrett Quinn of SVN | Parsons Commercial Group | Boston represented the Tenant, Alaka’i Technologies in the transaction. Broker James Tambone of Lincoln Property Company represented the Landlord, AS Clocktower, LLC in the transaction.
Alaka’i Technologies is an engineering company in the air mobility sector that strives to revitalize general aviation.
“It was a pleasure representing a company that is revolutionizing the aviation industry,” said Holmes.
The Mill & Main office complex totals approximately 1.1 million square feet across eight buildings. Located in the heart of the Metro West’s Golden Triangle, Mill & Main offers easy access from Route 128, Interstate 495, Route 2, and the Greater Boston area. Mill and Main Street has a diverse tenant mix consisting of software companies, technology companies and insurance agencies.
“The city of Maynard is the ideal community to support our employees and growing business. We look forward to being a long-term local company that will provide jobs, economic growth, and sustainability initiatives” -Bill Spellane, COO of Alaka’i Technologies.
About Alaka’i Technologies | Alaka’i Technologies is a pioneer in the air mobility sector based in Stow, MA, just outside of Boston. Their vision is to make air mobility an everyday option for millions of people while minimizing the environmental impact.
Alaka’i Technologies was officially founded in 2006, and began engineering design on its first vehicle in 2018. The company was founded by experienced aerospace leaders, who shared the conviction that it was time to revitalize general aviation. Today, Alaka’i Technologies believes that the opportunity to modernize aviation is as powerful as ever. Smaller aircraft will carve the path to decarbonizing aviation and enable a more mobile, more advanced, and more widespread form of flight.
Alaka’i Technologies’ first aircraft, Skai, is a hydrogen fuel-cell powered air mobility system that is the realization of our ambitions, directly addressing today’s transportation challenges and its impact on people and the planet. For more information, visit www.alakai.com.
About SVN | Parsons Commercial Group | Boston SVN | Parsons Commercial Group | Boston is an independently owned and operated SVN® office located in Framingham, MA. The SVN® brand is a globally recognized commercial real estate entity united by a shared vision of creating value for clients, colleagues and communities. Currently, SVN comprises over 2,200 advisors and staff working in more than 200 offices across the globe. SVN’s brand pillars represent the transparency, innovation and inclusivity that enable all our advisors to collaborate effectively with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN Advisors create outsize value for all stakeholders. For more information, visit www.svnpcgboston.com.