The office/R&D complex sits on 33 landscaped acres and is located on Route 2, just outside of West Concord Center. It was purchased by Spear Street from SSR Realty Advisors in early October for $39 million.

The complex is currently 95% leased, but several tenants have leases that will expire in the near future. Those include Avaya, a communications company which leases 133,000 sf, and Thermoretec, which leases approximately 90,000 sf. Avaya's lease runs out in May and Thermotec's expires in several years.

The leasing will be handled by Trammell Crow principal John Boyle, Keith Gurtler, senior vice president, and Deborah Howerton, senior associate. The property management efforts will be led by Deborah McGee, vice president, and Lori Cronin, senior property manager.

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
NOT FOR REPRINT

© 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.