X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MARLBOROUGH, MA-Two new leases and a lease renewal have helped keep 71,304 sf of property at Marlborough’s Cedar Hill Business Park occupied. Under the largest of the leases, Richardson Electronics signed a seven-year deal to take 40,650 sf of space at 753 Forest St., where a second new tenant, Advanced Results Marketing, also signed on for 6,250 sf under a five-year term.

A third tenant, Diebold Inc. renewed its lease on 24,404 sf at 261 Cedar Hill St. for the next five years. Both buildings are owned by Cross Harbor Capital Partners LLC. Paul A. Leone, vice president of Richard Barry Joyce & Partners, who negotiated the leases along with John M. Lashar, a partner in the firm, tells GlobeSt.com that the property’s location along with the owner’s flexibility that sealed all three deals.

Although terms of the leases were not disclosed, Leone says space in both buildings generally range from $8.50 to $9.50 per-sf net. Leone and Lasher represented the owner in all three transactions. The team also handled the tenant side of the deal for Advanced Results Marketing. Jo Ann Deurr with Mohr Partners handled the lease negotiations for Diebold, while Chris Puile with USI represented Richardson Electronics.

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

GlobeSt

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.