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Zoran Corp. To Adorn Burlington Office Building

BURLINGTON, MA-One Wall St.'s 55,000-sf lease to the digital imaging company is the latest of several top deals completed recently at the class A office building.

By Joe Clements | Updated on March 16, 2007

BURLINGTON, MA-Capping a torrid leasing blitz at the Burlington Office Park’s flagship property, Zoran Corp. is relocating to One Wall St., a well-appointed, six-story building overlooking Route 128 at the confluence of Routes 3 and 3A. A technology firm focused on the digital imaging sector, Zoran Corp. will relocate from abutting Woburn into 55,000-sf of One Wall St.’s 193,000-sf.

“It’s a nice deal for the market,” Richards Barry Joyce & Partners vice president Ron Friedman tells GlobeSt.com after he and RBJ principal Jon Varholak brokered the 10-year pact on behalf of the Gutierrez Cos., the building’s developer, owner and a tenant. Among suburban Boston’s most prolific commercial builders, Gutierrez is headquartered on the fifth floor. Zoran will lease all of the third and most of the fourth floors when it relocates from across Route 128 later this year.

RBJ also was involved on behalf of Zoran, as principal Brian McKenzie and vice president James Lipscomb represented their interests. Friedman and Varholak, meanwhile, have completed several other transactions at One Wall St. during the last six months. Largely vacant when the campaign began, less than 25,000 sf remains today, estimates Friedman, who credits Gutierrez for making the necessary capital investment and improving amenities. Gutierrez even lured a high-end catering firm from a nearby retail plaza to give tenants in-house food service.

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