Great Point Lands Tenant for 60,000 SF

MARLBOROUGH, MA-A growing high-tech firm is making the move here from Framingham in a big way, as Netezza has agreed to lease 60,000 sf at 26 Forest St. The three-story, 120,000-sf first class building is located in the Lake Williams Corporate Center.

Originally constructed as a build-to-suit for Fidelity Investments, 26 Forest St.’s high level of technology infrastructure was a key element in Netezza’s selection, according to the tenant’s broker, Kevin Hanna of Cushman & Wakefield. A global leader in analytic appliances, Netezza will use the building for its regional operations under the long-term agreement. The parties involved did not divulge lease terms for the transaction.

The landlord at 26 Forest St. is Great Point Investors, a Boston-based real estate investment firm that acquired two buildings in the Lake Williams Corporate Center for $33 million in 2002. Great Point bought the assets from National Development of Newton, the original developer, and from Taurus Investments. Richards Barry Joyce & Partners broker John Lashar headed up the team representing Great Point in the Netezza lease negotiations, an effort aided by colleagues Paul Leone and Brian McKenzie.