Three Lease Deals Bring 120 And 150 Presidential Way In Woburn, Mass. To 95 Percent Occupancy

BOSTON, June 24, 2014 /PRNewswire/ -- Transwestern | RBJ today announces the firm brokered three leases on behalf of National Development at MetroNorth Corporate Center, located at 120 and 150 Presidential Way in Woburn, Massachusetts, approximately 12 miles northwest of Boston. The leases, totaling 26,784 square feet, bring the buildings to more than 95 percent occupancy. Transwestern | RBJ Partners Brian McKenzie and James Lipscomb, along with Leasing Associate Kirk Weller, represented the building ownership in the transactions.

• ExamWorks Inc. leased 16,993 square feet at 150 Presidential Way. The independent medical examination services provider was represented by CBRE/New England.
• YASH Technologies, a leading technology services and outsourcing partner for global companies, renewed a 4,074-square-foot lease at 150 Presidential Way. The company was represented internally.
• Eastern Real Estate LLC, a privately held commercial real estate firm, renewed its lease for 5,717 square feet at 120 Presidential Way. The company was represented internally.

"MetroNorth Corporate Center is one of the premier office parks in Greater Boston, which is reflected in its high occupancy rate and recommitments by Eastern Real Estate and YASH Technologies," said McKenzie. "ExamWorks is a welcome addition to the diverse roster of existing tenants."

In addition to 120 and 150 Presidential Way, National Development owns a build-to-suit site in MetroNorth Corporate Center that can accommodate up to 200,000 square feet of office space. Transwestern | RBJ is the exclusive leasing agent for National Development in the park. 

MetroNorth Corporate Center is part of a 1.2 million-square-foot, master-planned campus. The park's amenities include a 149-room Marriott Residence Inn; a 32,500-square-foot, full-service Boston Sports Club; a full-service cafeteria; shower/locker room facilities; and numerous nearby restaurants and convenience retail businesses.

Served by a new interchange off Interstate 93, MetroNorth Corporate Center is strategically located in the Route 128 North submarket with direct access to I-93 and Route 128/I-95, as well as high visibility from I-93. The area is also served by the Anderson/Woburn Massachusetts Bay Transportation Authority Commuter Rail Station with service to Boston and Lowell, as well as the Logan Express bus service to Logan International Airport.

The Route 128 North submarket consists of 26 million square feet of office space, which was 15.8 percent vacant at the end of first quarter 2014, according to research by Transwestern | RBJ.

ABOUT NATIONAL DEVELOPMENT
Since 1983, National Development has been one of New England's leading development and investment firms completing more than 30 million square feet of projects. Based in Newton, MA, National Development was recently listed number one on Boston Business Journal's Top Commercial Real Estate Developers list. For more information, visit www.natdev.com.  

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and transwestern.com/Boston and follow us on Twitter: @Transwestern and @TranswesternBOS.

Media Contact:
Dan Foley
508.272.0017
[email protected]
 

SOURCE Transwestern | RBJ

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