GVA Thompson Doyle Hennessey & Stevens represented propertyowner, Carlisle Capital Corp. in the transaction while MitchellJacoby and Michael O'Leary of Cresa Partners Boston representedChampion Window.

The space is part of a single-story, 48,000 sf flex building.Cincinnati-based Champion Window also has a location in Avon.According to the tenant's brokers, the deal is indicative of acurrent trend in which companies are taking advantage of the"excellent terms" available.

Lease rates for this deal were not available, but the averageasking rent for office space in the area is about $20 per sf. Theaverage asking rent for industrial space in the area is about $6per sf.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.