Highwood Inks Two Leases for 36,000 SF

TEWKSBURY, MA-A pair of leases at Highwood Office Park is helping boost the Interstate 495 North office market after a decent opening quarter in the demand equation. Owned by BPG Properties Ltd., Highwood Office Park was able to retain a sub-tenant for a direct deal and renewed another firm for a total exceeding 36,000 sf between the two leases.

In the larger of the commitments, AARP Financial renewed and expanded into 18,000 sf at Two Highwood Dr., while medical devices company Mitralign Inc. is taking 17,000 sf at Three Highwood Dr. The park has three buildings and a total of 278,000 sf.

“We’re very pleased to have these tenants stay at Highwood,” says Cushman & Wakefield broker Matt Adams, who negotiated on behalf of BPG along with colleague David Pergola. “It bodes well to be able to keep them.” CB Richard Ellis principal Mark Reardon, who represented Mitralign, says the firm mulled alternative locations before opting to sign directly for three years. Reardon cites “great access” and professional management of Highwood Office Park as reasons the complex won out. “They were great to deal with,” he says of BPG. Joining Reardon in orchestrating the Mitralign lease were CBRE VP Jason Levendusky and associate Jake Borden.