The developer, manufacturer and marketer of products for theaerospace, automotive and manufacturing industries searched theCambridge and inner suburban market for comparable space but optedto remain in its current space to avoid disruption to itsoperations, Tucker Hansen, with Meredith & Grew's Bostonoffice, tells GlobeSt.com. "The functionality of the buildingworked well for their business." Hansen, along with JosephFlaherty, also with Meredith & Grew, represented the tenant.Cumming Properties, which owns the building, was self-representedby Chris Auth.
Terms of the deal were not disclosed but Hansen says R&Dspace in the 211,000-sf Medford property leases in the low$20-per-sf price range. Midé y will share space in the building,which is 95% occupied, with Tufts University, Parlance Corp. and anumber of smaller businesses.
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