Health Services Firm Renews HQ Lease

SOUTHBOROUGH, MA-After acquiring the building in a portfolio of three suburban Boston assets secured in January, KS Partners LLC has extended the lease of 337 Turnpike Rd.’s chief tenant, New England Home Therapies, Inc. Totaling just under 20,000 sf, the block of space is used as both headquarters and a distribution center for the company, which services the healthcare industry.

“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.