Mark Carangelo and Brian Morrissey of the Codman Co. Inc., represented Medica in the transaction while David Pergola Sr. of Meredith & Grew represented property owner, Connelly Associates.
Medica's lease represents the entire building. The company, which designs and manufacturers blood analysis equipment sold primarily in China, Russia, Brazil and India, needed the new location to accommodate its growth. The firm says its growth during this lull in the economy enabled it to take advantage of the low rental rates available in this real estate market.
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