WOBURN, MA-Campanelli Companies and Richards Barry Joyce & Partners LLC will redevelop and expand Presidential Woods Corporate Center to a 166,000-sf office and laboratory facility. The development plan will add a 62,000-sf, three-story building to the current two-story, 104,000-sf space–which was obtained by a joint-venture of Campanelli Companies and Commonfund Realty in 2007.

The original building will undergo a renovation and be connected to the new structure by a two-and-one-half-story lobby with a glass-enclosed atrium. The amenities will include a full-service cafeteria, a fitness facility and a 3.5 per 1000-sf parking ratio. The property is zoned for additional parking structures if necessary. The construction and renovation is projected to finish by the end of 2009, and the companies are looking for a tenant to fill the space by the 4Q of 2009 or 1Q of 2010. RBJ is the exclusive leasing agent for the property.

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