X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORWOOD, MA-Ovid Technologies is leasing 23,745 sf of first-class office space at 100 River Ridge Dr. The medical information services company, a wholly owned subsidiary of Wolters Kluwer NV, will continue to use the space as its regional headquarters.

Spaulding & Slye Colliers principal William D. Bailey and assistant vice president Eric B. Foster represented Ovid Technologies in the transaction, while CB Richard Ellis associate Nathanael G. Kessler represented property owner, Cornerstone Corp.

The second-floor office, which handles all inquiries regarding sales, customer service and technical support for Canada, Latin America and the US, is in a 103,321-sf , three-story office building. The facility is located in an office park setting three miles from the Route 128/ 95/Route 1 interchange.

“Ovid Technologies evaluated many market opportunities,” says Bailey, “and concluded that 100 River Ridge Drive offered the ideal combination of location, quality of office space and attractive economics for its regional headquarters operation.” Lease rates for this deal were not available, but the average asking rent for office space in the area is about $18 per sf.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

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

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.