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Engineering Firm Boosts I-495 South Office Market

MIDDLEBOROUGH, MA-The tiny suburban Boston office submarket of 2.8 million sf has struggled for most of 2007, however it finally gets some positive news.

By Joe Clements | Updated on September 24, 2007

MIDDLEBOROUGH, MA-It has been a difficult year for commercial real estate owners in Interstate 495 South, with the smallest office submarket in Greater Boston somehow managing to outpace all others in negative absorption through mid-year. Finally, however, a positive outcome has occurred in the subleasing of more than 15,000 sf at 151 Campanelli Dr. in Middleborough.

“For that submarket, this is a good-sized deal,” reports Cushman & Wakefield senior director J.P. Plunkett, who represented tenant Brown and Caldwell in the pact that will allow the environmental engineering firm to relocate from a nearby building and expand its space by 100%. The sub-landlord is Eastern Bank, while the asset is owned by Campanelli Cos. of Braintree. Plunkett was joined by C&W colleagues Cathy Minnerly and Jason Bryer as leasing agents for Brown and Caldwell, while Eastern Bank was represented by James Griffin of GVA Williams.

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