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NASHUA, NH-One of the state’s most promising technology firms has signed a 78,000-sf lease at 110 Spit Brook Rd. The transaction doubles the space to be occupied by EqualLogic Inc., a maker of data storage systems, and is among the largest office deals to be completed in southern New Hampshire this year.

Heretofore headquartered at 9 Townsend Rd. in Nashua, EqualLogic will move into a 250,000-sf building at 110 Spit Brook Rd., an office campus occupied and owned by Hewlett-Packard Corp. that is being repositioned as a multi-tenanted park. Located just off the first NH exit of Route 3, the 88-acre complex is also in the process of being sold by the California-based computer giant, as reported previously by GlobeSt.com.

Cushman & Wakefield’s Middle Markets Group is marketing 110 Spit Brook Rd. to potential buyers, and the real estate services firm is also exclusive leasing agent for the three-building complex. C&W broker Denis Dancoes represented the landlord in the EqualLogic lease, while brokers Joe Doyle and Joe Sciolla of Cresa Partners in Boston acted on behalf of the tenant. Specializing in corporate advisory work, Cresa Partners has been assisting EqualLogic in its search for a new headquarters during a three-pronged project management assignment.

According to Peter Hayden, founder of EqualLogic and EVP of Business Development, 110 Spit Brook Rd. won over other options for a variety of reasons, including the opportunity for his company to expand at the 700,000-sf property, and the ability to relocate to a building featuring 20,000 sf of laboratory space. EqualLogic, which has its own PS Series storage area network program, will benefit from a location on the Massachusetts border that should allow for greater recruitment of employees from that state’s labor pool, adds Haney.

Beyond a broader base to draw skilled employees, 110 Spit Brook Rd. also offers access to Boston and Manchester, NH via Interstate 93, and is close to Manchester Boston Regional Airport. That expanding transit operation is seen as a plus for the region as NH economic officials seek to attract or retain new millennium industries such as information technology and life sciences. Improvements to Route 3 from NH to Route 128 in Burlington, MA, have further bolstered Nashua as a viable business address, according to brokers familiar with the submarket.

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