We recently negotiated a 65,000+ SF lease for Disability RMS at 300 Southborough Drive in South Portland. For the last 10 years, Disability RMS has operated out of their location in Westbrook. The City of Westbrook has been a valuable public partner to them, so their decision to leave was not an easy one. The new location at 300 Southborough not only made financial sense for the company, but is also conveniently located for their employees. Part of their new lease included a substantial Tenant Improvement Allowance that Disability RMS will use to complete a Class A office build-out for their specific needs. In January 2016, the company will join other big office users such as United Healthcare and Mortgage Network at this state-of-the-art office property.
Disability RMS is the nation’s leading provider of turnkey disability risk management products and services. Established in 1993, they offer Actuarial, Underwriting and Claims industry expertise in risk management. They serve their clients as strategic partners, valuing their long-standing customers and are committed to the development of new relationships.
“We are excited to begin the build-out of our new space, and look forward to our upcoming move” said Matt Gilligan, President of Disability RMS.
For more information on this transaction, please contact Tom Moulton, CCIM, SIOR and Katie Millett here at NAI The Dunham Group (207-773-7100 | tmoulton@dunham-group.com). Patrick Duffy of Newmark Grub Knight Frank negotiated the lease on behalf of Disability RMS and Tom Moulton, CCIM, SIOR represented the landlord, Metro 300, LLC.