"The demand for a quality building such as Dedham Place is growing, especially given the low vacancy along the Route 128 corridor," says Normandy principal Raymond Trevisan. The 20-year-old building at 3 Allied Dr. was purchased by Morristown, NJ-based Normandy in early 2006 for $23.6 million after being completely overhauled in 2002. The acquisition was included in a five-building portfolio purchased by Normandy that included Norfolk Place, a three-story, 47,000-sf office building also in Dedham. That asset at 333 Elm St. was purchased for $8.2 million.

Tenant brokers participating in the latest leases were Taryn Wilson and Lance Carlton of Grubb & Ellis negotiating for OCS, while Ty Janney of Cushman & Wakefield served as agent for Metatomix. CB Richard Ellis principals Steve Clancy and Jim Nicoletti represented Normandy in both transactions. OCS is relocating from nearby Norwood, whereas Metatomix is coming from Waltham, suburban Boston's corporate hotspot and the anchor for Route 128 Central.

Although the motivations behind the two tenant relocations were not divulged, Nicoletti says companies are ever mindful of rising rental rates, and indicates that cost efficiency and accessibility have been among the selling points for the four-story Dedham Place. Situated just off the East Street exit to Route 128, the property has 375 parking spaces, and is just a quarter-mile from a regional commuter rail station into Boston. Nicoletti says the property offers further benefits by being adjacent to the Dedham Hilton, a full-service hotel featuring two restaurants, conference facilities, a fitness center and an indoor/outdoor swimming pool.