Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LEXINGTON, MA-Global electronics giant Motorola Inc. will increase its operation here by about 30,000 sf under a long-term lease and expansion arrangement. The deal gives the communications firm 55,000 sf to accommodate employees from a recently acquired Maynard firm.

Michael R. Frisoli, with Richards Barry Joyce & Partners of Boston, tells GlobeSt.com that the company doubled its space requirements at 45-55 Hayden Ave. in Lexington after acquiring Ucentric Systems Inc. in January. Uncentric, a media networking software provider, moves into the four-story, 200,000-sf class A office building in Hayden Woods Office Park this month. The Schaumberg, IL-based Motorola, which has been located in the building for more than five years, opted to stay in the property because of its location near Routes 2 and 128 and its amenities that include a full-service, in-house cafeteria, Frisoli says.

Terms of the lease were not disclosed. The building was acquired late last year by TA Associates Realty of Boston, which purchased the two-connected office buildings that comprise Hayden Woods Corporate Center. The realty firm purchased the fully leased property for $25 million from ING Clarion Partners. Frisoli and Ron Friedman, also with Richards Barry Joyce & Partners represented the building owner in the lease transaction. Motorola was represented by HSA Commercial Real Estate, of Chicago. Andy Sexson was the broker.

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.