While declining to discuss specifics, broker Matt Daniels ofMeredith & Grew acknowledges that BAO has committed to take allof Lightbridge's remaining quarters at 30 Corporate Dr. Daniels isacting on behalf of BAO. Lightbridge is being represented by JamesElcock, also of Meredith & Grew, who assisted his client incementing a 12,000-sf lease at 293 Boston Post Rd. inMarlborough.

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The moving parts, according to Elcock, reflect changes in thetelecommunications sector and Lightbridge's desire to reduce itsunused real estate. A key was the disposition in February of thefirm's Telecom Decisioning Services business to Vesta Corp. TDS,which sold for $2.5 million, operated out of the Burlingtonfacility.

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"They were looking to get out from that overcapacity of space,"says Elcock of his client, with the savings able to be used forother capital needs. Lightbridge had its best years at the turn ofthe decade when the state's telecom industry was blazing, but therecession that hit after 9/11 and industry consolidation causedstruggles for the technology heavy Route 128 market. Chock full ofsuch operations, Burlington was among the hardest hit when thecrunch came, so much so that several properties there are stillseeing a transition of tenancy.

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Despite the lingering troubles among some players, BAO hasenjoyed a period of sustained growth, says Daniels, requiring thecompany to seek a new home from its current location at 100 CrosbyDr. in Bedford. The company helps businesses access potentialclients through a variety of programs and services. A call to BAOexecutive Michael Farrell to discuss his firm's plans for 30Corporate Dr. was not returned.

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While office rents have yet to recover to levels seen in theboom times, Daniels says he is encouraged by the level of activitynorth of Boston in recent months, with several firms out lookingfor additional space. "The Route 3 corridor is really hot," saysDaniels, whose firm has identified more than one million sf ofleasing velocity during the past 12 months in that strip betweenLowell and Burlington.

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