Avison Young Secures 56K-SF of Industrial Leases in Marlborough
Avison Young has arranged 56,250 square feet in new industrial lease deals at 753 Forest Street in Marlborough. The new leases bring the property’s occupancy level to 100%.
Built in 1986, 753 Forest Street is a 75,000-square-foot property featuring private rear-loading docks, heating and cooled warehouse space and easy subdivision opportunities that provide tenants with the flexibility to accommodate a range uses from office to industrial. Global electronics solutions provider Richardson Electronics has recommitted to a longer-term lease for 40,650 square feet, North American fastener distributor Fastenal Company has signed a new 7,965-square-foot lease and measurements solutions provider Mitutoyo America Corporation has also extended its lease for a longer-term for 7,644 square feet.
Bill Sullivan and Jon Pezzoni of Avison Young represented the landlord, True Associates, of Westwood as well as the tenants, in the negotiations.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.