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AEB Expansion Zips Up Wilmington Office

WILMINGTON, MA-Advanced Electronic Beam's four-fold expansion has helped zip up occupancy at a 128,000-sf building with a long-term lease.

By Beverly Ford | Updated on November 06, 2006

WILMINGTON, MA-A long-term lease on 45,240 sf of office and flex space by Advanced Electron Beams helped fill up a 128,000 sf property here. The transaction increases the tenant’s headquarters more than four-fold.

The firm, which produces electron beam emitters, was occupying about 10,000 sf at 10 Upton Dr. in Wilmington when it first looked at the 299-301 Ballardvale St. building last February, says Brandon Kelly, with RJ Kelly Company of Burlington.

“What brought them to the property was the ability for them to get exactly what they wanted,” he tells GlobeSt.com, noting that the building’s current owner, Essex Investments, a subsidiary of Essex River Ventures, of Boston, worked closely with the firm to customize its needs. An aggressive lease rate and a top-notch landlord helped solidify the deal, he says.

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