Stride Rite Inks 147,500-SF Renewal for Lexington HQ

LEXINGTON, MA-The Stride Rite Corp. has inked a 10-year lease renewal on 147,500 sf of space at its 191 Spring St. headquarters here. The deal gives the footwear maker and retailer full occupancy of the four-story, class A building in the Spring Street Office Park.James Rosenfeld, senior vice president of development for property owner Boston Properties, tells GlobeSt.com that the firm, which has been in the same building since 1995, shopped the market but opted to stay at its present location. “The building and park continue to meet Stride Rite’s corporate branding and creative environment requirements,” Rosenfeld says. Terms of the lease were not disclosed.

The building sits on a hillside location overlooking the Route 128 and Route 2 interchange and is part of a three-building office park that features a full-service cafeteria, fitness center, aerobics studio and child-care center.

Tamie Thompson, Mathew Dwyer and Alex Dauris, all with Spaulding & Slye Colliers, represented the tenant. Rosenfeld along with David Stewart and David Provost, all with Boston Properties, handled the transaction for the owner.