Allied Domecq Takes 175,000-SF HQ Space

CANTON, MA- In a consolidation move, Allied Domecq Quick Service Restaurants, the parent company of Dunkin’ Donuts, Baskin-Robbins, and Togo’s, signed a 10-year lease for a new corporate headquarters at 130 Royall St. The company is currently headquartered in Randolph, MA but occupies a total of four buildings there as well as two in Braintree. The company says its Dunkin’ Donuts training center will remain at the Braintree location.

Lease rates for this deal were not available, but the average asking rent for space in the area is about $22 per sf. The deal is a big one in a market that continues to experience vacancy rates at nearly 20%, according to Cushman & Wakefield’s most recent statistics.

Allied Domecq notes that it spent the past six months looking at office space within a five-mile radius of its current corporate offices in order to minimize the impact on employees’ commutes. The building at 130 Royall is located near Route 128 and adjacent to Reebok International’s corporate headquarters. The interior build-out of the new construction building will be completed over the next year and Allied Domecq plans to occupy the 175,000-sf building in October 2004. Approximately 600 employees will work at the three-story building.