Applied Materials Close to Lease Deal

DANVERS, MA- California-based semiconductor company Applied Materials is closing in on a deal to lease space here for a new manufacturing facility. The company is looking at the former 290,000-sf Osram Sylvania building, which is currently being renovated.

Robert Bradford, spokesperson for the North Shore Chamber of Commerce, tells GlobeSt.com that he spoke to a representative of Applied Materials and “while they haven’t signed the lease yet, they are close.” The developer of the building is College Street Investments, which is an alliance between Robert Burr and Gilbane Properties.