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ING Cements Two Leases at Stony Brook Park

WALTHAM, MA-The deals fill another 20,000 sf at the four-building park, located in the hot Route 128 Central office submarket.

By Joe Clements | Updated on October 08, 2007

WALTHAM, MA-Two more tenants have signed on at Stony Brook Office Park here, with the leases continuing to bolster the occupancy rate for a park that was just 72% occupied when acquired in the spring of 2006 by ING Clarion. Totaling 20,000 sf, the newest deals were led by an 11,000-sf commitment from Brandeis University, which is located close to the four-building, 270,000-sf complex.

“We are pleased with these two additional tenants joining Stony Brook’s excellent tenant roster,” says Meredith & Grew EVP James Elcock, a member of the park’s exclusive leasing team. Elcock was joined by M&G colleagues John Carroll III and Elias Demakes representing landlord ING Clarion in both transactions, including a headquarters lease by Bay Financial Associates for the other 9,000 sf. M&G negotiated terms for Brandeis as well, whereas Alex Dauria of Jones Lang LaSalle was agent for Bay Financial Assoc.

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