X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NORWOOD, MA-Capitalizing on current market conditions, an environmental consulting and remediation firm has renewed and restructured its existing lease on 50,827 sf of office space at One Edgewater Dr. GZA GeoEnvironmental Inc. signed an eight-year lease.

The company sealed the deal after shopping the market a bit, Meredith & Grew senior vice president John Butterworth tells GlobeSt.com. He says that after company managers educated themselves on market availability and rental rates in the area, they realized the best deal kept them in the same building they have called home for the last five years.

The lease renewal, terms of which were not released, leaves about 6,200 sf still vacant in the two-story building where space generally rents in the upper teens to low $20s per sf. Butterworth represented the tenant. Owner Maric Inc. was represented by Brian Hines of Trammell Crow and David Gillies of Maric.

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.