Haemonetics Renews 44,000-SF HQ Lease

BRAINTREE, MA-A medical supply company with a global reach is keeping its headquarters here, renewing a full-building lease at 355 Wood Rd. Haemonetics Corp. has occupied the 44,000-sf building for 16 years.

“We are confident that Haemonetics’ long-term tenancy is a perfect fit for the building as well as the community,” says DTZ FHO Partners principal Sean Teague, who joined DTZ FHO associate Leeanne Rizzo in negotiating the extension for the tenant. Dick Ruggiero of Wight and Co. represented the landlord, Oasis Development Enterprises. Besides a location accessible to Interstate 93 and suburban Boston’s South Shore, Teague says Haemonetics was enticed by a competitive rental rate, and the broker also praised building management for solid performance during the original lease’s tenure.

With that deal slated to end this week, Haemonetics had been a potential plum for South Shore office landlords in a market that has had its swings in 2007. Among the highlights was KS Partners acquiring a 10-building portfolio in Braintree from the Flatley Co., a purchase that included two properties on Wood Road. Given the value-add track record of KS Partners, the deal is seen by some as an opportunity for rental growth in the submarket.