MIDDLEBOROUGH, MA-It has been a difficult year for commercialreal estate owners in Interstate 495 South, with the smallestoffice submarket in Greater Boston somehow managing to outpace allothers in negative absorption through mid-year. Finally, however, apositive outcome has occurred in the subleasing of more than 15,000sf at 151 Campanelli Dr. in Middleborough.

“For that submarket, this is a good-sized deal,” reports Cushman& Wakefield senior director J.P. Plunkett, who representedtenant Brown and Caldwell in the pact that will allow theenvironmental engineering firm to relocate from a nearby buildingand expand its space by 100%. The sub-landlord is Eastern Bank,while the asset is owned by Campanelli Cos. of Braintree. Plunkettwas joined by C&W colleagues Cathy Minnerly and Jason Bryer asleasing agents for Brown and Caldwell, while Eastern Bank wasrepresented by James Griffin of GVA Williams.

Eastern Bank had assumed the lease following its purchase of alocal competitor. The sublease will encompass about half of thesingle-story building, says Plunkett, providing a “top of the linecredit tenant” there to run out the remaining six years on EasternBank's commitment. Headquartered in Walnut Creek, CA, Brown andCaldwell is a 60-year-old firm with 45 offices and more than 1,500professionals.

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