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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.

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