Michael Dalton, senior vice president and Debbie Howerton, senior associate at Trammell Crow Co. represented property owner Rreef, while GSA for the United States Air Force represented themselves. Bob Holmes, district manager for Rreef.
Lease rates for this deal were not available, but the average office rent in the area is $22 per sf. Chelmsford's overall availability rate indicates an office market where vacancies are still increasing. According to Trammell Crow Co.'s most recent statistics, the area had a rate of nearly 27% in January and 31% as of April.
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