Software Firm Leases 122,000 SF

BILLERICA, MA-PRI Automation, a leader in systems software for the semiconductor industry, has leased 123,000 sf at 805 Middlesex Tpke. PRI will use the 12-year-old flex building as both its headquarters and for manufacturing purposes.

Spaulding & Slye senior VP Curtis P. Oberg, who represented the tenant along with colleague Daniel E. Cordeau, says his client selected the property due to a centralized location, ample parking and solid visibility from the Middlesex Turnpike. The owner, Boston Capital Institutional Advisors, plan to make substantial improvements to the facility, Oberg adds. BCIA, which bought the property in 1999 for $10.8 million, was represented by Meredith & Grew.