Colliers Facilitates 81K-SF Sublease between Medical Manufacturers in Franklin
Colliers has secured an 81,293-square-foot sublease on behalf of medical device manufacturer Tegra Medical at 9 Forge Parkway in Franklin, MA. Tegra Medical previously occupied the entire building at 9 Forge Parkway before expanding its operations to 120,000 square feet at 16 Forge Parkway.
Colliers’ Stephen Woelfel, Kevin Brawley, PJ Foster, John Real and Glenne Bachman represented Tegra Medical. CBRE’s Tim Lahey, Perry Beal, and John Lashar represented the new tenant, biopharmaceutical company Lyndra Therapeutics, in the lease negotiations.
Lyndra Therapeutics is expanding its operations out of Watertown to the 495-submarket. According to Colliers, life science and biopharmaceutical companies alike are looking to expand their footprints in the 495-submarket due to a lack of supply in Cambridge and 128. Colliers research has found that office product along the 495 belt has been scrapped or converted for new industrial to be built, including for new warehouse, distribution or flex space.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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