One Communications is taking the top two floors in the 182,000-sf building, among other concessions they were able to illicit from Gutierrez, including high-visibility signage on the building and the securing of additional on-site parking. The tenant was represented by managing principal Jim Thomson, EVP and principal Mike Ippolito and managing director Brian Carcaterra from Newmark Knight Frank. The owner was represented by EVP Jack Kerrigan, SVP Steve Cook and adviser Mark Norton from Grubb & Ellis.
The owner, Gutierrez, has a very good relationship with the town of Burlington," Jack Kerrigan, EVP of Grubb & Ellis, tells GlobeSt.com, "and, more importantly, had excess land, so were able to create extra parking." Kerrigan explains that other amenities were "very important" to them as well, including covered parking and a large cafeteria and fitness room on the first floor. The size of these spaces was particularly important Kerrigan explains, noting that "this is a regional consolidation."
The Rochester, NY-headquartered company is consolidating its two Massachusetts offices in Waltham and Marlborough as well as a small sales office, into the building over a 13-month stretch. "They're phasing in," Kerrigan points out. "They're not moving all in one day." Meaning, the companies will stagger their influx, beginning in November.
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