Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BEVERLY, MA-An infomercial production company will expand its production facilities under a five-year lease that gives the firm an additional 20,000 sf in a fully furnished office building that has been vacant for about two years. ITV Direct will relocate its offices from about 35,000 sf at the Cummings Center into 54,600 sf at 55 Cherry Hill Dr. in July. The move will allow the firm to consolidate its offices, Ted Shannon, vice president of NAI Hunneman Commercial in Boston, tells GlobeSt.com.

Shannon says the company, which prepares infomercials for a number of supplement sellers and other firms, was located in four different suites under its prior lease. The new one, he says, gives the company the entire two-story building in which to consolidate its offices. “With its attractive design, the building provides an excellent corporate image, well-suited for ITV Direct as it brings all of its offices into one central location,” says Shannon.

Located within Cherry Hill Park, a 200-acre office park on Route 128 adjacent to the Beverly Airport, 55 Cherry Hill Dr. was built in 1993 and features a brick exterior with a two-story atrium lobby and an underground 42-space parking garage. The Beverly office park numbers among its tenants Millipore, Axcelis Technologies, Inc., Abiomed and Osram Sylvania.

The building was previously occupied by Axcelis Technologies, which moved out about two years ago, Shannon says. While terms of the ITV Direct lease were not disclosed, properties in the area generally rent for between $10 and $12 triple net. Shannon and Steve James, executive vice president and principal with NAI Hunneman Commercial represented the tenant. The owner, A & A Associates, was represented by Klemmer Associates LLC.

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

*May exclude premium content
Already have an account?

Dig Deeper


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.