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Prodrive Technologies Relocating U.S. HQ to Canton, MA
Calare Properties signed a 10.5-year lease with Prodrive Technologies to relocate its U.S. headquarters to Canton, MA, an industrial submarket in the Greater Boston Area. The Netherlands-based technology research, product development, and manufacturing company plans to move into 53,500 square feet at 15-21 University Rd. this September.
Calare purchased the 107,600-square-foot industrial/flex building in October 2017 in an off-market transaction. The company executed an extensive capital upgrade program, which has involved the addition of new parking lots, updated roofs, interior renovations, upgraded mechanical systems, new landscaping and external cosmetic enhancements. The 17-acre property also features 14 loading docks, six drive-in docks, more than 300 parking spaces and flexible floor plans.
Calare’s Bill Manley says, “With upgrades nearly complete, we’ve experienced robust leasing interest for the remaining space from potential tenants in the tech and pharmaceutical sectors.”
CBRE’s Steve Clancy represented the tenant. NKF’s Tony Coskren advised the landlord.
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