"Southborough's central location provides New England Home Therapies with excellent access to its clients and distribution channels," says Richards Barry Joyce & Partners VP Paul Leone, who negotiated on behalf of the tenant in partnership with RBJ principal John Lashar. NAI Hunneman Commercial Co. principal Wayne Spiegel represented the landlord.

According to Leone, RBJ's client was not only enticed to remain due to the superior location and building quality, but also because the pact "avoids the costs and business disruptions of relocating." A professional landlord in KS Partners also factored into the decision, says RBJ.

Based in New York City, KS Partners bought 333 and 337 Southborough Rd. for $5.2 million in January while still under the auspices of Everest Partners LLC, an active real estate investment group founded by Kambiz Shahbazi and Costa Alexakos that split up earlier this year. KS Partners took over the bulk of the 4.6-million-sf portfolio amassed by Everest, including the Southborough Technology Park and a 55,000-sf Newton office building. All three were acquired jointly from New Boston Fund for a total consideration of $16.7 million. Southborough Technology Park includes the two-story 333 Turnpike Rd. and 337 Turnpike Rd., which has 40,000 sf of space.