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90,000 SF in Lease Deals Infuses Billerica

BILLERICA, MA-Battered by the technology crash, the town is enjoying a surge of business expansion throughout the Route 3 submarket.

By Joe Clements | Updated on September 13, 2007

BILLERICA, MA-This community in suburban Boston’s northern tier is offering further evidence that it may be shaking off difficulties that have hampered the town for much of the decade, with three more leases being signed that total more than 90,000 sf. The largest of the trio is a 39,000-sf pact at 900 Middlesex Turnpike, a six-building business park owned by the Gutierrez Cos.

In that transaction, NEXX Systems took the remaining space in the park’s Building No. 6. The tenant, which designs and manufactures products for the semi-conductor industry, was represented in negotiations by Michael Dalton, a principal at the Boston office of DTZ FHO Partners. Micah, David, and James Stubblebine of the Stubblebine Co. negotiated the lease for the landlord.

DTZ FHO also participated in the other two Billerica leases, assisting Newport Corp. in renewing its commitment for nearly 38,000 sf at 101 Billerica Ave. The multi-building park is owned by KS Partners LLC. A publicly traded company listed on Nasdaq, Newport Corp. is a broad-based technology firm serving the aerospace, defense, life sciences and microelectronics industries. CB Richard Ellis FVPs Hunter Emerson and Jason Levendusky were brokers for KS Partners.

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