Ron Friedman, with Richards Barry Joyce & Partners, tells GlobeSt.com that the firm's relocation from nearby Burlington Woods Drive will slightly expand Openwave's offices and give the firm the entire second floor in a recently renovated property.
Terms of the lease were not disclosed but Friedman says the 192,000-sf building, which is about 89% occupied, generally leases in the high $20s per sf gross.
The building, located near Routes 128 and 3A and owned by the Gutierrez Co., has been filling up quickly since the owner began a massive renovation effort to update the property's interior, including creating a new lobby, fitness center and food service area, Friedman says. A new lease is currently being negotiated for the third and fourth floors, leaving just 24,000 sf available on the ground level, he says.
"The interest is not surprising, given the building's location, amenity package and recent renovations," says Jonathan Varholak, also with Richards Barry Joyce & Partners.
Friedman and Varholak handled the lease negotiations for the landlord. Openwave was represented by brokers from NAI Hunneman.
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