WAKEFIELD, MA-Aiming to improve on a slow beginning to 2008, the Route 128 North office market is gaining a bit of momentum with a lease signing of 18,000 sf at the Harvard Mills business park, which is owned by Taurus New England Investments. Located in downtown Wakefield, the property is welcoming ProspectivDirect from its Woburn address to 20 Harvard Mills.

“The relocation allows ProspectivDirect to address its current and future expansion needs, and provides Taurus with another high-quality tenant at this signature location,” says Peter Carbone of Boston-based Taurus New England Investments in announcing the pact. “We are pleased that ProspectivDirect has decided on our building as its home for years to come.” Terms of the deal were not provided, but CB Richard Ellis reports that the average asking rate for the Route 128 North submarket is $25.73 per sf.

CBRE principal Mark Reardon negotiated terms for the landlord, while Edward Carbone of Carbone Real Estate handled the assignment for ProspectivDirect, a provider of on-line marketing services. Harvard Mills is a fully renovated complex containing 233,000-sf of first class office space and featuring brick-and-beam finishes, oversized windows and efficient floor plates. The property has its own parking garage and also abuts a commuter rail line connecting directly to Downtown Boston.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.