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Two Tenants Land on Pacella Park Drive

RANDOLPH, MA-Landlord Equity Industrial is nearing full occupancy of its two-building office complex near Route 128.

By Joe Clements | Updated on June 09, 2008

RANDOLPH, MA-Leasing activity continues to percolate here at the former headquarters of Dunkin Donuts, as owner Equity Industrial Properties fills another 10,000 sf at 15 Pacella Park Dr., one of two office buildings acquired by the Needham-based firm in June 2004. The flurry of leasing follows a major deal struck last autumn at companion-building 14 Pacella Park Dr., when the May Institute took down 50,000 sf at the two-story brick building, as reported by GlobeSt.com.

In the latest surge, Richelieu Foods Inc. is leasing just over 5,000 sf, while Risk Strategies commits to a like amount. Lincoln Properties Co. Associate Ned Halloran, who is exclusive leasing agent for the buildings–along with VPs Ellison Patten and Gian Starita–praises Equity’s stewardship, repositioning the assets after Dunkin Donuts departed for a new facility. “It’s a testimony to the work those guys did, and also how easy they are to deal with,” Halloran says of Equity, adding there is only about 10,000 sf available at the complex, all of it at the 55,000-sf 15 Pacella Park Dr.

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