WOBURN, MA-A national discount computer equipment wholesaler has signed on for more than 16,000 sf of space at 78 Olympia Ave. The firm sold its Wakefield property at 14 Audubon Rd.

The Los Angeles-based Max Group considered several options before selecting the site but was won over by building owner Cummings Properties’ flexible terms, Tyler Ewing, with Grubb & Ellis’ Boston office tells GlobeSt.com. Also playing factors were its location near Routes 93 and 95 and the owner’s ability to meet a tight construction deadline.

Terms of that lease agreement were not disclosed but office space in the Route 128 submarket generally runs in the low to mid $20-per-sf range, according to a first quarter market report by Richards Barry Joyce & Partners. Terms of the sale of Max Group’s building in Wakefield were also not disclosed.

Ewing handled the lease negotiation for the tenant along with Brad Spencer, also with Grubb & Ellis. Rob Yacobian, Cummings Properties’ leasing director, handled the transaction for the owner.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



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 © 2024 ALM Global, LLC. All Rights Reserved.