Lakeside Park

What Lakeside Park does

Lakeside Park (legal name: The Lakeside Park) is a privately held 220,000 square foot commercial office park located at 607 North Avenue in Wakefield, Massachusetts, on the shores of Lake Quannapowitt approximately 12 miles northwest of downtown Boston. The park originated with the 1961 opening of the Lord Wakefield Hotel and the 1964 completion of adjacent office buildings, and today functions as a multi-tenant suburban office campus offering commercial leases, furnished executive suites, short-term rentals, and meeting/event spaces in suite sizes ranging from 300 to 10,000 square feet. On-site amenities include The Lakeside Inn hotel with a full-service restaurant (Lakeside Grill) and banquet facilities, Kindercare daycare, a The Savings Bank branch, FedEx/UPS drop boxes, a community conference room, and pet-friendly workspaces, creating a self-contained business environment that distinguishes the property from typical suburban office inventory.

The business model centers on recurring monthly rental income priced at approximately $16 per square foot under modified gross leases (utilities included), with both flexible short-term and customizable long-term lease structures. Revenue is supplemented by hotel room and F&B income from The Lakeside Inn (operating as an adjacent subsidiary), meeting and event venue rentals, and a la carte tenant services such as cleaning, maintenance, and light build-out work. There is no proprietary technology product; operations are supported by standard CRE infrastructure including the Yardi property management portal for rent collection and the CommercialCafe tenant portal for service requests. Marketing is handled by Goodjuju Marketing, and office leasing is conducted exclusively through a partnership with Carney & Company as the property's sole leasing agent.

Distribution is regional and direct-to-consumer, targeting small and mid-sized businesses across 20-plus Boston metro communities (Burlington, Cambridge, Woburn, Reading, Peabody, and others) that seek professional office space at a discount to downtown Boston pricing. The customer base spans SMBs, professional services firms, satellite offices, and short-term/temporary users, with named tenants including HD Physical Therapy, Ancora Psychological, The Savings Bank, The Maids, and Kindercare. The company employs 11–50 staff, has no disclosed outside investors or funding, and operates as a stable, owner-managed commercial real estate asset rather than a venture-stage or technology-scaling business.

Name

Lakeside Park

Legal name

The Lakeside Park

Website

https://thelakesidepark.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

11–50 employees

Short description

Lakeside Park is a privately held 220,000 sq ft suburban office park in Wakefield, MA, 12 miles northwest of downtown Boston, leasing 300–10,000 sq ft suites at approximately $16/sq ft to small and mid-sized businesses across the Boston metro area, with on-site hotel, daycare, and bank amenities.

Ownership category

akta.pro rank

Product category

Commercial Office Space Rental

SIC

Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Office Property Management (BPAJAGAA)

Keywords

• Commercial office leasing
• Furnished executive suites
• Flexible lease terms
• Meeting event venues
• Commercial real estate

Headquarters

HQ city

Wakefield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Commercial Office Space Rental: Primary revenue from leasing office suites to businesses. Rent is due on the first of each month with both long-term and short-term lease options available. Electric and HVAC are included in monthly rental charges; tenants pay for their own data and Internet services.
2. On-site Hotel (The Lakeside Inn): Hotel accommodations offered to guests and clients of tenants with options for single, double, or king beds. Includes full-service restaurant (Lakeside Grill) with à la carte breakfast, lunch, dinner, and drinks. Meeting and banquet services for up to 125 persons. Tenants receive preferred hotel room rates.
3. A La Carte Park Services: Additional fee-based services including light bulb replacement, vacuuming, furniture moving, carpet shampooing, miscellaneous cleaning, picture hanging, TV hanging, shelving installation, blind installation, heavy trash removal, hole patching and painting.
4. Meeting & Event Space Rental: Revenue from renting meeting rooms and event spaces including The Lakeside Room (up to 125 persons) and The Yorkshire Room (up to 75 persons). Short-term office spaces also available for hosting small business events for 5-30 people.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Lakeside Park operates a 220,000 square foot commercial office park in Wakefield, MA, leasing office suites ranging from 300 to 10,000 square feet to businesses in the Boston metro area. The park offers both long-term and short-term furnished office rentals, customizable build-outs, meeting and event spaces, and on-site amenities including The Lakeside Inn hotel, restaurant, daycare, and bank. Office leasing is handled exclusively through Carney & Company as the leasing agent.

Product overview

Lakeside Park is a 220,000 square foot commercial office park offering a unified portfolio of office space rental products centered around the core Office Space Rental offering. The portfolio includes Furnished Executive Suites and Short-Term Office Space Rentals as alternative access models, supplemented by Meeting & Event Spaces for tenant and external gatherings. Customization and flexibility are enabled through Office Space Customization and Flexible Lease Options, while on-site amenities including The Lakeside Inn (hotel), pet-friendly office space, daycare, and a bank round out the tenant experience. The Tenant Portal and A La Carte Park Services provide ongoing operational support for tenants. The property is managed by Carney & Company and is located on Lake Quannapowitt in Wakefield, MA, just 12 miles northwest of downtown Boston.

Differentiator

Problem solved

Functional benefit

Brands

• The Lakeside Inn: On-site hotel accommodations located within The Lakeside Park property, offering guest rooms with single, double, or king bed options, a full service restaurant (Lakeside Grill), meeting and banquet services for up to 125 persons, and amenities including complimentary Wi-Fi, business center, outdoor pool, and lake views.

Products and services

• Office Space Rental Commercial office space rentals available in sizes ranging from 300 to 10,000 square feet, offered as long-term or short-term leases with flexible terms for businesses in the Boston metro area.
• Furnished Executive Suites Fully furnished office spaces equipped with desks, chairs, filing cabinets, and conference rooms, available for day, week, month, or longer terms at an affordable price point compared to downtown Boston office rentals.
• Short-Term Office Space Rentals
• Meeting & Event Spaces
• The Lakeside Inn (On-Site Hotel)

Quantifiable outcome

• Save significantly on office costs compared to downtown Boston space
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

One partnership is on record.

• Carney & CompanycoreChannel Partner/ Reseller/ DistributorExclusive leasing agent for office spaces at The Lakeside Park. Carney & Company handles all office leasing for the property.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Boston Properties (BXP): Large publicly-traded office REIT with significant Boston-area holdings. While far larger and focused on Class A urban trophy assets, it competes for the same Boston metro office tenants and sets market pricing benchmarks.
• IWG (Regus): Global flexible workspace operator (parent of Regus, HQ) with Boston-area locations. Competes for tenants seeking short-term, furnished office space — directly overlapping with Lakeside Park's Furnished Executive Suites product.
• WeWork: High-profile flexible office/coworking operator with Boston metro locations. Targets the same SMB and enterprise tenant base seeking flexible, amenitized office space as Lakeside Park.
• EQ Office (formerly Equity Office): Major office portfolio operator (now owned by Blackstone) with large suburban office holdings in Boston metro area. Competes for tenants in the broader Boston suburban office market though at much larger scale.

Regional players

• The Wilder Companies: Northeast US commercial real estate developer and operator with office properties across Massachusetts and surrounding states. Comparable suburban office leasing model though with broader geographic footprint.

Direct peers

• Cummings Properties: Massachusetts-based privately-held commercial real estate firm owning and operating suburban office and lab space across the Greater Boston market. Operates the same suburban office leasing model targeting SMB tenants seeking flexible, amenitized space outside downtown Boston.
• Industrious: Premium flexible office operator with suburban and urban locations. Comparable on flexible-term office leases, on-site amenities, and target customer base of growing SMB and enterprise satellite offices.
• Nordblom Company: Long-standing Boston-area real estate developer and manager with a portfolio of suburban and urban office properties. Closely comparable on business model (suburban MA office leasing) and target tenant mix.

Others

• CBRE Group: Global commercial real estate services firm that brokers, manages, and advises on office properties. Relevant as an ecosystem enabler — competing broker relationship versus Lakeside's exclusive Carney & Company channel.
• JLL: Global real estate services firm offering office leasing, property management, and investment advisory. Comparable on property management services and as a potential alternative leasing channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/lakesideparkma

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lakeside Park