Boston Properties Lands Agilent Technologies as Lead Tenant

ANDOVER, MA-Continuing to feed off the surge of high-tech activity in the suburban market, Boston Properties has leased half of its 120,000-sf office building at 40 Shattuck Rd. to Agilent Technologies, the company spun off last year from Hewlett-Packard Corp. The building is part of the Andover Office Park, one of two being constructed on the site by the Boston-based REIT.

“We are extremely pleased to welcome Agilent Technologies as our lead tenant at Andover Office Park,” says Boston Properties regional manager Bryan Koop. He notes that it is the third major technology lease signed by the company in the past six months. Other sizeable deals included a 381,000-sf lease with PTC in Needham, and a 270,000-sf build-to-suit assignment in Chelmsford on behalf of Tellabs.

Andover Office Park is sited on 20 acres in the Northern Massachusetts community, one-quarter mile from Interstate 93 and 25 minutes from Boston. Boston Properties vice president Joe Howard finalized the lease, while John Wilson of Insignia/ESG represented Agilent.