Greg Larsen, senior vice president, Steve James, executive vice president/principal, and Jeff Becker, senior vice president of NAI Hunneman Commercial represented Delphi in the sublease deal. Wayne Spiegel, executive vice president/principal, and Bob Fitzgerald, executive vice president/principal of NAI Hunneman Commercial, represented Progress, which is subletting the space.
"Following Progress' acquisition of eXcelon Corp., it was determined that the 125 Summer floor, was a redundant facility that did not serve Progress' current operations," says Paul Rice, the company's director of corporate real estate.
The 22-story, 463,691-sf class A office building is located in the Downtown area. According to Spiegel, "While not the right real estate match for Bedford-based Progress, the space and its fit-up matched Delphi's current needs very well."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.