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Avalere Doubles Operations With 11,206-SF Lease

FRAMINGHAM, MA-Avalere Inc. signs an expansion lease at 139 Newbury St. here. The company's explosive growth is behind the expansion, says a broker involved in the lease negotiations.

By Beverly Ford | Updated on September 22, 2006

FRAMINGHAM, MA-A software information management firm has inked an 11,206-sf office lease in a deal that will more than double its presence at 139 Newbury St. here.

Avalere, Inc., an existing tenant in the one-story 20,220-sf light manufacturing building, previously occupied about 5,226 sf but the explosive growth of its business prompted an expansion that will add nearly 6,000 sf to its corporate offices, Eric Foster, with Trammell Crow Co.’s Boston office, tells GlobeSt.com. “They are an early stage high growth company and they have some good things in front of them,” Foster says.

Terms of the lease were not disclosed, but Foster says similar office space in the Framingham market generally rents in the high teens per sf.

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