John Boyle, with Trammell Crow Co. in Boston, tells GlobeSt.comthat the relocation, which will reduce the size of the firm'soperation by about 10,000 sf, offers more efficient workspace forthe company's 100 employees. "It was a good value," says Boyle."It's a quality building with pretty affordable rent."

Terms of the long-term lease were not disclosed, but Boyle saysspace in the 285,000-sf, three-story building runs in the mid-$20per sf. The lease by First Notice puts the building at about 70%occupancy, he notes.

Boyle says the company and landlord, Normandy Real EstateManagement, a subsidiary of Morristown, NJ-based Normandy RealEstate Partners, will put about $500,000 to improve the officespace before First Notice Systems takes possession in November. Thecompany, a wholly owned subsidiary of Concentra Operating Corp.,will utilize the space as offices for its insurance claimsreporting services.