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Flurries in Summer

BOSTON-A flurry of leases and renewals helps keep Boston's suburban markets well-positioned.

By Ryan Clark | Updated on July 23, 2009

BOSTON-While the country tries to right-size and right-price, the Hub finds a flurry of leases and renewals around the metro area. A combo of moderate-sized leases bring a few buildings to full occupancy, while others retain quality tenants in a tumultuous marketplace.

Marlborough Technology Park grabbed four leases, bringing two of its seven buildings to 100% occupancy. Bitstream Inc., a software company, took 26,801 square feet at 500 Nickerson Rd., represented by Cushman & Wakefield. The 82,423-square-foot building will now house Bitstream’s headquarters, formerly at 245 First St. in Cambridge. Rates were not disclosed, but Cushman & Wakefield’s Q2 report show the 495 West submarket averaging $29.59 per square foot.

495WMentor Graphics renewed its 16,376 square feet and New Energy Alliance, LLC took 25,671 square feet at 300 Nickerson, bringing that building to 100% occupancy. New Engery will be on the first floor, while Mentor’s space is on the second. Mentor was repped by CresaPartners and New Energy was repped by CB Richard Ellis.

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