FRANKLIN, MA-A measure of law-and-order is coming to the Franklin Oaks Office Park here, as the New England State Police Informational Network has leased 17,000 sf in the three-story, 111,000-sf building. The asset at 124 Grove St. is owned by Aegean Capital, a private equity real estate firm launched earlier this year by veteran investor Costas Alexakos.

“We’re pleased the New England State Police Informational Network has decided to sign on at our property in Franklin,” says Alexakos in a prepared statement. “Our dedicated team has continually worked to maintain the standard of excellence this asset offers to the marketplace.” That diligence and the experience of the building’s management team directly resulted in Nespin’s selection of Franklin Oaks after considering multiple options in the region, says Alexakos. The tenant was represented in its space search by CBRE/New England principal Rob Walles.

The Nespin lease is a five-year deal. Participants did not divulge financial details of the transaction, but Aegean Capital is marketing the space at Franklin Oaks in the $18-per-sf range, a healthy rate for the Interstate 495 belt.

The lease brings occupancy above 80%, and Alexakos says he is encouraged by the level of interest for the remaining space, which is being offered sub-dividable to 2,700 sf. The building’s average floor plate is just under 36,000 sf.

Headquartered in New York City, Aegean Capital also has a management office in Peabody. The firm has been adding to its portfolio throughout southern New England in recent months, having earlier this year purchased 68 Summer St. in Boston and 470 West Ave. in Stamford, CT. Aegean has properties in New Hampshire and Rhode Island as well, with the portfolio including a mix of flex, office and retail product.

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