"The market is improving, and we're crossing our fingers it isgoing to continue," says DTZ FHO Partners principal Michael Dalton,who negotiated the pair of five-year leases on behalf of Rreef,owners of the eight-year-old building. In the larger of thetransactions, Axis Communications more than doubled its occupancyto nearly 16,000 sf. The lease is a relocation from the groundfloor to the second level in what Dalton tells GlobeSt.com was animble "tenant retention" move by Rreef made to accommodate thecompany's recent growth. Also, recently launched software concernDesktone committed to 10,000 sf.

Dalton was joined by DTZ FHO Senior Associate Michael O'Leary asbrokers for Rreef on both leases. Parsons Commercial Group VP MarciAlvarado was the agent for Axis Communications in its expansion,while Troy Cody negotiated for Desktone, a firm that is coming tothe property from temporary quarters of just 3,000 sf.

Developed in the midst of Boston's last great economic boom, 100Apollo Dr. was designed with tech tenants in mind, providing bothsystems and flexibility required of such occupants, as well asamenities such as a two-story lobby and on-site showers and lockerrooms. Those elements were cited as factors in securing the latestleases, as was a location along the recently widened Route 3. Thebuilding is one exit south of the major Lowell Connectorinterchange, and is in close proximity to various retail options,as well as restaurants and several hotels, including a Courtyard byMarriott.