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FRAMINGHAM, MA- Fleet Bank inked a deal for 8,455 sf of first-class retail space in Metrowest Place at 405 Cochituate Rd. Ted Chryssicas and Patrick Paladino of Meredith & Grew represented property owner, Park Square Realty Corp., while Michael O’Mara of CB Richard Ellis represented Fleet Bank in the transaction. Lease rates for this deal were not available, but similar space in the area goes for about $25 per sf. According to Grubb & Ellis’s most recent statistics, the area’s vacancy rate is at 20%.

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

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