DTZ FHO Partners Brokers Five Leases Totaling 150,000 Square Feet in North Suburban Boston Office Market
Boston, MA, September 13, 2007: DTZ FHO Partners, a leader in the commercial real estate advisory services field, is pleased to announce its North Suburban Team represented five tenants in recent lease transactions totaling 150,000 square feet.
Michael Dalton and Mark Mulvey, Partners at DTZ FHO Partners represented the tenants in the following deals: NEXX Systems for 39,000 square feet at 900 Middlesex Turnpike, Billerica; Newport Corporation for a 37,600 square feet at 101 Billerica Avenue, Billerica; MKS Instruments for 35,600 square feet at Two Technology Drive in Andover; Old Mother Hubbard for a 22,400 square feet at 200 Ames Pond Drive, Tewksbury; and Insulet Corporation for 14,400 square feet at 14 Progress Road, Billerica.
DTZ FHO Partners represented NEXX Systems, one of the Massachusetts fastest growing companies, in its relocation and expansion from Suburban Park Drive, Billerica to 39,000 square feet at 900 Middlesex Turnpike, Billerica. Nexx Systems designs and manufactures core technologies used in semiconductor production that focus on flip chip advanced packaging, including wafer bumping, wafer cleaning, photoresist strip, and related technologies. For more information on Nexx Systems see www.nexxsystems.com. Micah Stubblebine of The Stubblebine Company represented the Landlord, The Gutierrez Company.
- DTZ FHO Partners represented Newport Corporation renewed it lease for 37,618 SF at 101 Billerica Avenue, Building 3 in Billerica. Newport Corporation, a publically traded company, (NASDAQ: NEWP) is a globally recognized leader in advanced technology products and solutions for fields such as Research, Life & Health Science, Aerospace & Defense, Industrial Manufacturing, Semiconductors, and Microelectronics. For more information on Newport Corporation see www.newport.com. Hunter Emerson First Vice President, and Jason Levendusky, First Vice President, CB Richard Ellis-New England represented the Landlord, BBC Equity Partners LLC.
- DTZ FHO Partners represented MKS Instruments inked a 36,000 SF lease for expansion at Two Technology Drive, Andover, Massachusetts. MKS Instruments, Inc. (NASDAQ: MKSI), is a leading worldwide provider of process control solutions for advanced manufacturing processes such as semiconductor device manufacturing; thin-film manufacturing for flat panel displays, optical storage media, architectural glass and electro-optical products; and technology for medical imaging equipment. For more information on MKS Instruments, please see www.mksinst.com. Torin Taylor, Senior Director and Rich Ruggierio, Senior Director, of Cushman & Wakefield represented the Landlord, RREEF America LLC.
- DTZ FHO Partners represented Old Mother Hubbard in a 22,500 SF lease for the company’s relocation from 285 Mill Road, Chelmsford to 200 Ames Pond Drive, Tewksbury. Old Mother Hubbard, is a Massachusetts based company and a leading provider of high-quality dog biscuits and treats since 1926. Its two flagship products are the Old Mother Hubbard line of baked dog biscuits and gourmet treats and the Wellness super premium brand of dog foods, cat foods, treats and supplements. For more information on Old Mother Hubbard see www.omhpet.com. Flory McCarthy, Vice President, of Jones Lang LaSalle represented the Landlord, Farley White Interests LLC.
- DTZ FHO Partners represented Insulet Corporation in the company’s expansion in a 14,400 SF lease at 14 Progress Road, Billerica. Insulet Corporation (NASDAQ: PODD) is Massachusetts based, innovative medical device company dedicated to improving the lives of people with diabetes. Through its revolutionary OmniPod Insulin Management System, Insulet seeks to expand the use of continuous subcutaneous insulin infusion (CSII) therapy among people with insulin-dependent diabetes. For more information on Insulet see www.insulet.com. Jason Levendusky, First Vice President, and David Connolly First Vice President, Partner, of CB Richard Ellis-New England represented the Landlord, Colony Realty Partners, LLC.
“We had a busy summer at DTZ FHO Partners” said Michael Dalton, Partner of DTZ FHO Partners. “Many of these deals represent some organic growth within the North Market and that is great to see for Massachusetts. With the opportunities that the market affords right now – many of our clients are seeking to proactively approach their real estate.”
About DTZ FHO Partners
DTZ FHO Partners is a commercial real estate firm offering a full range of brokerage, consulting, strategic planning, research, lease administration, marketing, lease auditing, lease portfolio and transaction management services for corporate and institutional clients alike. The senior partners of the firm have worked together for over 20 years providing customized advisory consulting and brokerage services to an extensive range of corporate and institutional clients, both locally and on a national and international basis. The experienced professionals that make up DTZ FHO Partners have addressed the real estate needs of many industries including life sciences, high-tech, and financial services as well as law, consulting, accounting and other professional firms, assisting clients to develop and implement customized real estate solutions that enhance their overall business strategies.
More information about DTZ FHO Partners can be found at http://www.fhopartners.com or by calling 617-279-4555.