Richard M Robinson, with GVA Thompson Doyle Hennessey & Stevens, tells GlobeSt.com that the company, which moves into the four-building, 270,000-sf office complex at 130 Turner St. in January, opted for the site because of its central location that allowed an easy commute for employees from three closed offices in Boston, Acton and Cambridge.
"A key component to their decision was location," says Robinson, noting that the potential for expansion at the site was also an important factor. "And with the size of the complex, they were able to build in expansion space so if there was an opportunity to relocate some future groups."
Plans call for the company to move into the third and fourth floors of an eight-story tower on the site. The complex, which is about 50% occupied by tenants that include Wachovia Bank and Knowledge Management, also contains three, interconnected low-rise buildings. Terms of the lease were not made public but Robinson said space in the Waltham office park typically rents in the low to mid $20 per-sf price range.
Robinson along with John F. Hennessey, also with GVA Thompson Doyle Hennessey & Stevens, worked with the brokerage's New York office and agents Mark Friedman and Catherine Quinilty to negotiate the lease for the tenants. The landlord, Saracen Development of Newton, was represented by Alex Doria and Jay Nugent with Spaulding & Slye Colliers.
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