"Our client has found a space with excellent amenities that suits their location and services desires," says Ophir's broker, NAI Hunneman Commercial Co. principal Stephen James who notes the building's legacy as a commercial address dates to 1956. Totaling 1.5 million sf of manufacturing, office and warehouse space, 1600 Osgood St. has such features as an auditorium, cafeteria, executive dining room and multi-media conference rooms. The 169-acre complex is owned by Ozzy Properties, which handled negotiations for the Ophir lease in-house through President Orit Goldstein.

Ozzy Properties acquired 1600 Osgood St. in 2003 for the bargain-basement price of $13.9 million. Lucent, which at one time employed 12,000 people at the site, reduced its presence to a fraction of its previous footprint, allowing Ozzy to pursue other tenants. Company officials did not say how much space is presently occupied in the building.

According to James, Ophir was lured by a combination of the building's attributes, a competitive rental rate and 1600 Osgood St.'s accessible location. The property is within a mile of Interstate 95 and has an onsite public transportation stop. Ophir is based in Burlington and has an office in Yokohama, Japan.