Kiva Takes 163,000 SF in Massachusetts

David Pergola and Jason Levendusky of CB Richard Ellis represented Divco West and Taurus, while Brooks Murphy and Sean Lynch of Jones Lang LaSalle represented Kiva.

July 22, 2010
By Allison Landa, News Editor

As part of its relocation from Woburn, Mass., Kiva Systems has leased 163,000 square feet for eight years at 300 Riverpark Drive in North Reading, Mass. Jointly owned by Divco West and Taurus Investment Holdings, the building was acquired in September 2008 along with its adjacent neighbor, 400 Riverpark Drive. Together the two total 359,000 square feet.

David Pergola and Jason Levendusky of CB Richard Ellis represented Divco West and Taurus, while Brooks Murphy and Sean Lynch of Jones Lang LaSalle represented Kiva.

“When we acquired this property, we saw tremendous value in its leasing profile and location,” Divco managing director James Teng said when announcing the news. “This has been borne out by Kiva’s decision to move here.”

The property is situated on 34.3 acres a quarter of a mile from Interstate 93 and 16 miles north of downtown Boston. Other tenants include Crowe Paradis and Teradyne.