The space is located within a single-story 230,000-sf industrial building owned and managed by I. F. Dicenso Trust. The building, located at the intersection of Routes 129 and 93, is currently undergoing a renovation and upgrade, which involves new exterior skin, HVAC systems, roof, parking lot and landscaping.

Spry says it chose the building because of its close proximity to its main facility in Winchester, as well as the ability of the property owner to complete the build out and deliver the space within 30 days from lease signing.

Mark Stevens, principal of GVA Thompson Doyle Hennessey & Everest, represented the property owner as exclusive agent, and Sam Oddo represented the tenant in the lease transaction.

While the office market in this area has been struggling with rising vacancy rates, the industrial market has emerged from the current recession relatively unscathed with many potential tenants complaining that it is becoming increasingly difficult to find industrial space in the Greater Boston area.