Gallagher and Boudrot of NAI Hunneman renew ITT Tech's 20,000 s/f lease
NAI Hunneman's advisory service team completed a 20,000 s/f lease renewal for ITT Technical Institute at 200 Ballardvale St.
NAI Hunneman executive vice president and principals Evan Gallagher and Jim Boudrot represented ITT while the landlord was represented by Christopher Lawrence of JLL.
"We considered multiple viable options in the market, but when all was said and done staying in place in their current facility was the best solution for our client," said Gallagher.
200 Ballardvale St. is a two-building, 340,044 s/f high-tech office/R&D campus located at the intersection of I-93 and Rte. 125. On-site amenities include a cafeteria, fitness center, credit union, landscaping, separate tenant entrances and over 1,000 parking spaces
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Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
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