GSI Takes 150,000 SF at 125 Middlesex Turnpike

BEDFORD, MA-A company involved in laser technology for corporate and medical applications has one landlord beaming after a full-building commitment to 125 Middlesex Turnpike. Currently vacant, the 150,000-sf flex/office building is owned by an affiliate of Framingham-based Mohawk Partners.

“The lease has been signed,” one source tells GlobeSt.com, which initially reported of GSI’s interest in the property in an Aug. 30 article. The deal is one of the largest in the Route 3 corridor this year, a notable feat given that nearly one million sf of new absorption has already been recorded in that suburban Boston submarket through three quarters. That activity does not count the GSI transaction, which will likely appear in fourth quarter results.

Despite insistence from sources that GSI and Mohawk have inked the pact, no official announcement has been made, and parties involved in the negotiations did not respond to inquiries by press deadline. The lease was brokered by Richard Ruggiero and Torin Taylor of Cushman & Wakefield, but Ruggiero declined to discuss the status when contacted by GlobeSt.com. Mohawk principal Steve Rice did not return a phone call.