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

MARLBOROUGH, MA-In less than two years, Ram Management Co. of Scarborough, ME has brought a former Stop & Shop warehouse here from zero occupancy to 100% occupancy with the signing of Cytyc Corp. of Marlborough to a 145,527-sf lease. Ram officials couldn't be reached by GlobeSt.com's publication deadline to learn the length and estimated value of the industrial lease.

The formal owner of record of the single-story building at 445 Simarano Dr. is 445 Simarano Drive LLC, a Ram affiliate. In a prepared statement, Brian Gagne, Ram's executive vice president of acquisitions and development, calls the lease "significant" and says the transaction "proves the Massachusetts market is strong."

Gagne tells GlobeSt.com the research and development lease is for 12 years but declines to disclose its estimated value. However, brokerage sources familiar with comparable properties tell GlobeSt.com the average asking gross rent is probably in the $10-per-sf range. That would make the estimated aggregate value of the lease $17 million.