KS Partners Heats Up Leasing Pace

NASHUA, NH-A five-year lease renewal and expansion to more than 50,000 sf at 9 Townsend West by EMC Corp. is one of several deals that landlord KS Partners LLC is juggling, according to COO Robert Macnamara. “We’re excited,” Macnamara tells GlobeSt.com in assessing the level of traffic.

Located primarily in eastern Massachusetts, the KS portfolio is not only bucking a typically torpid time for leasing, but one that this summer has been deemed particularly lethargic. KS Partners is “buried,” says Macnamara, reporting 63 serious negotiations in play. “It has been busy across the board,” he relays, citing four Massachusetts deals nearing completion at the Dedham Executive Center in the Route 128 South market, while 700 Technology Park Dr. in Billerica, MA, is about to reach full occupancy. The adjacent 900 Technology Park Dr. this week is welcoming Aastra Telecom US into nearly half of that 40,000-sf building, while an affiliate of Caritas Christi has committed to 21,000 sf at 3 Riverside Dr. in Andover, MA. Also, Becker College just took 4,600 sf at 337 Turnpike Rd. in Southborough, a 39,000-sf flex/office building owned by KS in suburban Boston’s MetroWest market.

As for 9 Townsend West, one letter of intent is in place for a substantial piece of the 87,000 sf still available, and Macnamara says exclusive leasing agent Thomas Farrelly of Cushman & Wakefield’s New Hampshire office has plenty of prospects circling over the remaining portion. The commitment by data storage giant EMC further enhances the address, says Macnamara, with the firm expanding by 17,000 sf. “It was a great deal to get done,” he says.