Ounce Labs Takes 12,000 SF in Sublease Deal

WALTHAM, MA-Ounce Labs Inc. is leasing 11,875 sf at 100 Fifth Ave. The company, which provides security management tools to reduce software vulnerabilities, is relocating to accommodate expansion needs.

Meredith & Grew vice president John Buttterworth and associate Elias Demakas represented Ounce Labs in the four-year sublease. Lycos, which is subletting the space, was represented by Michael Ripp and Drew Nelson of CB Richard Ellis Whittier Partners.

The seven-story, 150,000-sf, Class A office building is located in the Prospect Hill Office Park. Butterworth notes that the fact that the space was a “plug-and-play” opportunity–meaning it is fully outfitted with furniture and computers–made it a good fit for a start up like Ounce Labs. Jack Danahy, CEO of Ounce Labs points out that company’s facility needs have more than tripled in the last year.