X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MARLBOROUGH, MA-Another fresh face from the business world is landing here thanks to landlord Great Point Investors, which has signed a lease with Brookfield Power for more than 28,000 sf at 200 Donald Lynch Blvd. The Toronto-based company is establishing a new office in the Massachusetts market and settled on the three-story 120,000-sf property in the Solomon Pond Office Park.

“It’s a real boon for the park,” says Richards Barry Joyce & Partners broker Paul Leone, whose firm is exclusive listing agent for 200 Donald Lynch Blvd. Leone joined RBJ principals Brian McKenzie and John Lashar in negotiating the deal for Great Point, having also represented the firm in its recent lease of nearly 60,000 sf to Netezza at 26 Forest St. in Marlborough’s Lake Williams Corporate Center. Announced in the January 30th edition of GlobeSt.com, the Netezza lease was also a coup for the city, having lured Netezza away from Framingham.

Constructed at the start of the decade, 200 Donald Lynch Blvd. has the amenities and infrastructure needed to attract top-flight companies such as Brookfield, says Leone, particularly since the hydroelectric power company is in need of a highly skilled labor force. “In a competitive environment for hiring, you need to have a work environment that not only allows you to recruit people, but to retain them as well,” says Leone. And while the Interstate 495 West office market centered by Marlborough does have plenty of space available, Leone says truly class A options are rather limited, helping bolster interest in 200 Donald Lynch Blvd. “We’re encouraged,” says Leone, with several users in the area scoping for modern space. “The activity has been really good so far.”

Besides a fitness center and other amenities, 200 Donald Lynch Blvd. features efficient 40,000-sf floor plates that Leone say are making it economical for Great Point to subdivide. “The building was well thought out,” he says. Terms of the lease were not disclosed, and Leone could not say when Brookfield will be able to relocate into its new space. A subsidiary of Brookfield Asset Management Inc., the firm is currently operating from a temporary space at the park.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.