(Read more on the industrial market.)
NORTHBOROUGH, MA-In one of the largest industrial leases of2007, a specialty division of Federal Express has renewed for morethan 180,000-sf at One Beeman Rd. The 343,000-sf distributionfacility is owned by MM Industrial Beeman Road LLC, an entitymanaged by TA Realty Associates of Boston.
Broker Paul Leone says the five-year agreement underscores "avery good business relationship" between MM and FedEx, whichoperates a SmartPost division from the facility. SmartPostmatriculates business-to-consumer packages that are low weight andless time sensitive than other mail. The idea includes use of theUnited States Postal Service for final delivery.
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