Repositioned MA Office Building Lands First Tenant
- Apr 30, 2018
Onwer Campanelli has signed the first tenant at the recently redeveloped 100 TECH office property in the Boston area. Collegium Pharmaceuticals (Collegium) has leased 50,678 square feet at the six-story property in Stoughton, Mass.
The building is located at 100 Technology Center Drive, within a roughly 18-mile drive of downtown Boston. The site, situated between two commuter rail stations, is adjacent to Route 24 and a five-minute drive from Interstate 93.
100 TECH offers 188,000 square feet of rentable Class A office space. According to Yardi Matrix, the building was constructed in 1988. Collegium will occupy the entire third floor and half of the second story, with their lease beginning in summer 2018.
Campanelli invested in the repositioning of the property, which provided upgrades of the infrastructure and common areas. Newly added features include:
- lobby finishes
- fitness center, with a spin studio
- meeting / conference space adjacent to the café
- designated gaming spaces within the café
- exterior patio seating
- fire pit
- multi-sport court
CBRE’s John Lashar and Steve Purpura worked on behalf of the pharmaceutical company. Mike Frisoli and Tyler McGrail of Newmark Knight Frank’s suburban team serve as exclusive leasing agents for the property.
“The property offers the flexibility to lease between 2,500 and 138,000 square feet of contiguous office space in a corporate headquarters setting, in the Route 128 South market,” said Stephen Murphy, partner & principal of Acquisitions at Campanelli, in a prepared statement. “Our goal was to create a best-in-class space, offering businesses a high-quality infrastructure and a complex of amenities that can’t be found elsewhere in this market.”
Image courtesy of Yardi Matrix