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WALTHAM, MA-Brown Publishing Network leased 12,000 sf of office space at 95 Sawyer Rd. The deal represents the relocation of the company from 555 Washington St. in Wellesley Center.

Debra Lee Stevens, CCIM, principal of GVA Thompson Doyle Hennessey & Stevens, represented Brown Publishing. Peter Richardson of Spaulding & Slye Colliers represented the property owner.

“Relocating to Sawyer Road will provide Brown Publishing a more cohesive workplace which will foster creativity and communication amongst our employees,” says Mark S. Brown, vice president of finance and administration at Brown. Brown Publishing Network develops instructional materials utilized by educational publishers.

According to Trammell Crow Co.’s most recent statistics, the overall availability rate in Waltham is still at a high of 35%. Average asking rent for office space in the area is at about $22 per sf. Spaulding & Slye Colliers’ mid-year report indicates that while the market is showing signs of stabilization availability rates won’t come down significantly until there is a surge in the overall job growth. The report predicts that the market will probably not see rent increases over the next six to 12 months.

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