Case Study: Paperless Parts triples office space and cuts costs with Lee & Associates Boston

Paperless Parts triples office space and secures a 60% below-market expansion with Lee & Associates

Paperless Parts, a Boston-based cloud software developer, faced the challenge of having outgrown its office space just one year into a five-year lease. They engaged the real estate firm Lee & Associates to find a new plug-and-play space that would allow for growth with no capital outlay, while also needing to mitigate their existing lease obligations.

Lee & Associates conducted an extensive search and simultaneously marketed the client's old space. Their solution was to secure a new, larger plug-and-play office and, most notably, negotiate a full termination of the existing lease at no additional cost. The result was that Paperless Parts tripled its space in a Class A building, enhanced its branding, and secured the new expansion space at a rate 60% below market value.

Paperless Parts