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Gillette Signs Lease Extension on 735,000 SF

DEVENS, MA-Months after Proctor & Gamble announced it would close one of its two Gillette facilities, the razor maker has signed a seven-year lease extension.

By Beverly Ford | Updated on October 18, 2006

(To read more on the industrial market, click here.)

DEVENS, MA-Razor maker Gillette has signed a seven-year lease extension on 735,000 sf of space at its two-building industrial facility here, despite reports in May that the company would close down one of its Devens plants and eliminate 100 jobs by the end of the year.

GlobeSt.comfirst heard rumors of the possible lease extension in July. Terms of the lease were not disclosed. Neither officials from Gillette nor Intercontinental Real Estate Corp., the property’s landlord, returned calls from GlobeSt.com.

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