"Such a high volume of lease activity during such a short timeframe at the property shows that deals are still being made, ifowners are creative, aggressive and if a solid reputation ofexcellence is behind each transaction," says John T. Caldwell,managing director of Paradigm Properties, which manages thebuilding owned by IBUS. According to Trammell Crow Co.'s mostrecent statistics, the availability rate for Cambridge is about26%. The area had a positive absorption of nearly 87,000 sf so farthis year.

Sapient Corp., a business consulting and technology servicesfirm, is moving back to the building with a four-year, 28,000-sflease for space on the fourth floor. The company is relocating tothe building from One Memorial Dr. Richards Barry & Joycerepresented Sapient in the transaction while Paradigm Propertiesrepresented the building.

ProfitLogic, a locally based provider of analytical solutions toretail corporations, expanded and extended its lease for 22,604 sfof space on the third floor of the building. Richards Barry &Joyce represented ProfitLogic in the transaction, while ParadigmProperties represented IBUS.