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MediaTek Moves, Leases 49,626 SF

WOBURN, MA-The lease will bring 120 Presidential Way to full occupancy, joining its sister building 150 Presidential.

By Ryan Clark | Updated on November 05, 2008

WOBURN, MA-MediaTek, Inc.–the fables semiconductor company–is moving south from Wilmington, MA to the MetroNorth Corporate Center, here. The technology company is taking 49,626 square feet spread over the first and second floors of 120 Presidential Way. This lease brings the three-story, 74,194-square-foot building up to full occupancy. Richards Barry Joyce & Partners negotiated the lease for the owner, National Development and Grubb & Ellis repped MediaTek.

“MetroNorth Corporate Center is one of the region’s premier office parks,” says Jonathan Varholak of RBJ, in a statement. “It is attracting excellent tenants, due to its amenities, location and options for growth.” The corporate center is a 1.2-million-square-foot office park with 570,000 square feet of office. The two buildings–120 Presidential and 150 Presidential–are both fully leased, while 200 Presidential has all 202,000 square feet still available. The newly built 200 Presidential will be available for occupancy in Q2 of 2009, according to MetroNorth’s website.

The corporate center is located in the 128 North Submarket, near the Interstate-93. The in-park amenities include a Marriot Residence Inn, full-service cafeteria and locker room/shower facilities. As of Q3 of 2008, Cushman & Wakefield average the price per square foot in the 128 North Submarket is $22.59.

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