Lease rates for this deal were not available but the averageasking rent for office space in the area is about $20 per sf. Thethree-story, 66,000 sf office building is located at theintersection of Route 95 and Route 128. Other tenants in thebuilding include Kinkisharyo International LLC and Siemens BusinessServices.
Sean Teague, principal and Ted Lyon, senior associate ofTrammell Crow Co. represented Softrax in this transaction.
Canton's office market took a hit recently as its overallavailability rate shot up from nearly 5% in January to nearly 31%in April, according to Trammell Crow Co.'s most recent statistics.The city's absorption rate was a negative 282,400 sf in the timeperiod.
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