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Piedmont Offers Former BTS Property for Lease

BOXBOROUGH, MA-The six-year-old asset in the Interstate 495 office market was custom-designed for a technology tenant.

By Joe Clements | Updated on September 27, 2007

BOXBOROUGH, MA-An office property completed six years ago as a built-to-suit for Agilent Technologies is now on the leasing market, as owner Piedmont Office Realty Trust seeks to take advantage of an improving suburban Boston economy. Based in Norcross, GA, the non-traded REIT acquired the 175,000-sf 90 Central St. in May 2002 as Wells Real Estate Funds, an affiliate of the Wells Real Estate Investment Trust that became Piedmont this summer.

“We’re excited about the Greater Boston real estate market right now and the surge of activity that is being felt in the region,’ says Piedmont principal Brett Miles in announcing that his firm has retained Richards Barry Joyce & Partners as exclusive leasing agents for the three-story building. RBJ principal John Wilson, who is handling the assignment with colleague James Lipscomb, says he believes the opportunity will be well-received by the technology community, a constituency enjoying an enhanced level of IPO and venture capital financing in recent months.

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