X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WESTFORD, MA-Bolstered by a tenant that has committed to the bulk of the space, the Gutierrez Cos. has filed plans to develop two office buildings along Route 110. The $18-million, 250,000-sf project is just the latest example of Westford’s rebound after a difficult stretch in the early 1990s.

“It’s as hot as a pistol,” broker Curtis P. Oberg of Spaulding & Slye Colliers says of the northern Massachusetts community. “There’s an incredible amount of activity going on up there right now.”

Calls to Gutierrez were not returned by press deadline, but the Burlington-based firm has submitted an environmental notification form with the state, one in which company officials ask to be exempted from an in-depth environmental impact report. If spared from that lengthy process, Gutierrez estimates it could begin construction on the first building by this autumn, with completion slated for a year later. The initial structure would be 175,000 sf, followed by a 75,000-sf building. Although a precise space figure was not provided, Gutierrez says in the ENF that NetScout Systems will serve as anchor tenant of the first building.

NetScout is currently a tenant at the nearby Westford Technology Park, a seven-building complex also owned by Gutierrez. Indeed, Oberg maintains that the developer’s ability to lure GenRad from Concord to Westford Technology Park during the mid-1990s became a key catalyst in the resurgence of the town after several down years.

An abundance of land and location near Lowell and Chelmsford have also helped, says Oberg, adding that the presence of a solid high-tech labor pool has led to well-known companies such as Lucent Technologies, HP and Lotus Development moving into the Westford market. Gutierrez is also now developing an 87,000-sf headquarters facility for ENSR International, as well as a 150,000-sf building for Unisphere.

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?

 

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
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.