X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEEDHAM, MA- Direct Federal Credit Union will stay at its corporate headquarters here under a 10-year lease renewal on 21,770 sf. The deal also keeps One Needham Place fully occupied.

John Butterworth, with Meredith & Grew, tells GlobeSt.com that the firm opted to stay in the building it has called home for several years because it offered the firm a good location and prime visibility along heavily traveled Route 128.

“It offered them great visibility and a good traffic pattern for their business,” Butterworth notes, adding that the building, with an address of 10 Cabot St., also provides good signage from Route 128.

The company shares the two-story, 41,000-sf class A office building with Penn Insurance Co. and Landers and Associates. Terms of the lease were not released, but Butterworth says rental prices in the Needham market range from the low to mid-$20s range per sf gross.

Landlord One Needham Place Realty Trust, was represented in the transaction by Butterworth. The tenant was self-represented.

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.