KS Partners Keeps Blue Raven in 100,000-SF Deal

WILMINGTON, MA-A tightening commercial real estate belt has been cinched in even more following a six-figure lease to Blue Raven Technology. The 100,000-sf renewal represents a 35,000-sf expansion by the company, which will now occupy all of Building D, one of four structures encompassing 110 Fordham Rd.

“The expansion integrates well with our operations and positions us for our current and future growth,” says BRT president Glen Kashgegian in announcing the agreement. Owned by KS Partners, 110 Fordham Rd. is directly off Interstate 93, sandwiched between the Route 128 and I-495 interchanges.

Formerly Pre-Owned Electronics, BRT has been at the park for a year. KS Partners EVP Robert Macnamara cites a solid, functional building and its management for securing BRT. “The property conforms to a standard of excellence required by growing companies,” says Macnamara, whose firm bought the 300,000-sf complex in March for $26 million. BRT broker Thomas Aitken also praises the park and its landlord. “They really worked hard with Blue Raven to get a deal done,” says Aitken, calling the decision “a logical choice” for his client. BRT has extended its pact into 2014.