News: Front Section
Posted: December 4, 2014
O'Brien of Greater Boston Commercial Properties, Inc. completes seven leases at Hopkinton Technology Park
Bret O'Brien of Greater Boston Commercial Properties, Inc., (GBCP) recently completed a leasing spree in the Hopkinton Technology Park where it represented O'Brien Investment Partners, LLC in 40,500 s/f between seven leases. The leases included the following:
* 100B South St.: 6,000 s/f to Gentle Giant Ventures, LLC;
* 12 South St.: 5,000 s/f to Anachemia Mining, LLC;
* 3 Avenue C: 3,000 s/f to Alkras Holdings, LLC;
* 5 Avenue C: 3,000 s/f to Phosphorex, Inc;
* 3 Avenue D: 3,000 s/f to Digi New England, LLC;
* 12 Avenue E,: 10,000 s/f of to The Boston Athletic Association; and
* 4-6 Avenue E: 10,500 s/f to HPC, LLC.
GBCP has achieved rents corresponding to the asking rates in the park while filling two thirds of the vacancy resulting from departing tenants who had left 64,750 s/f needing to be filled. With now only 24,250 s/f of available space, the 235,500 s/f park is now 90% occupied. The last vacancies consist of one 12,000 s/f flex/warehouse unit, two 5,000 s/f manufacturing units, and two smaller office units.
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