The lease renewal is good news for owners of the building, Great Point Investors, as the vacancy rate for the 791,000 sf of class B office properties here has skyrocketed to 59.3%. Canton is one of the poorest-performing towns in the Greater Boston market, with an overall office vacancy rate of 41.6%, according to Cushman & Wakefield reports.
With the lease renewal, 15-45 Dan Rd. has an occupancy rate of 92%, and along with the 100%-leased 40,000-sf 150 Royall St., represents the only well-leased buildings of its class in the town. 500 Turnpike St. and 275 Dan Rd. both sport availability rates of 100%.
Built in 1982, 15-45 Dan Rd. is a three-story, 276,124-sf class B office building. Amenities include a full-service cafeteria, a fitness center, an ATM and an outdoor atrium. Tenants at the building include Stop and Shop Supermarket Co., Network Engines and Dorel Juvenile Group (Safety First). Cushman & Wakefield senior directors JP Plunkett and Catherine Minnerly represented the building's owner.
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