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FRAMINGHAM, MA-Fidelity Investments is leasing 8,755 sf of office and retail space on two floors at Metrowest Place on 405 Cochituate Rd. Meredith & Grew Inc. represented both the property owner, Park Square Realty Corp., and Fidelity in the transaction. Lease rates for this deal were not available, but the average asking rent for similar space in the area is about $25 per sf. The city continues to experience relatively high vacancy rates of about 20% according to the most recent statistics by Grubb & Ellis.

Metrowest Place is a recently constructed, three-story, 45,000 sf first-class office building located immediately off of the Massachusetts Turnpike. The building is situated on Route 30 near Route 9, adjacent to a suburban retail corridor. Other tenants in the building include Fleet Bank and Liberty Mutual Insurance Co.

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