11:00 AM
Newmark is pleased to announce 423,000 square feet in leases at Westford Tech Park in Westford, Massachusetts. The 975,000-square-foot, 92-acre, master-planned park offers Class A office and research and development space for Boston’s workforce.
Located directly off I-495 at Boston Road, Westford Tech Park is owned and managed by The Gutierrez Company. The ten building campus includes a Hampton Inn Hotel and has several full-service cafeterias, two fitness centers, and is walkable to restaurants and retail that neighbor the campus on Route 110. Newmark represents The Gutierrez Company in its leasing efforts for the park.
“We are thrilled to retain and welcome an incredible group of exciting and cutting edge technology based tenants at our park. We believe this is the ultimate testament to the market, the park and proves positive that well located Class A real estate owned by a strong sponsor does outperform the market. Over the past year we have invested significant capital to enhance the tenant experience at the park. There are additional leasing opportunities available ranging from 2,000 to 50,000 square feet.” said Doug Fainelli, vice president of operations at The Gutierrez Company.
“With close to a half million square feet of transactions in the past 12 months, Westford Tech Park shows that tenants are committed to parks that innovate and renovate to meet current demand and that are walkable to hip local retail and restaurants which we have adjoining us on Route 110,” said Torin Taylor, executive managing director of Newmark.
Recent transactions at Westford Tech Park include:
- Akamai - 5 Tech Park Drive - 42,000 square feet
- Aspect Software - 5 Tech Park Drive - 30,000 square feet
- Performance Motion Devices - 1 Tech Park Drive - 10,000 square feet
- Kadant - 1 Tech Park Drive - 14,500 square feet
- Sonus Networks - 4 Tech Park Drive - 98,000 square feet
- Johnson Controls - 6 Tech Park Drive - 75,000 square feet
- Juniper Networks - 10 Tech Park Drive - 154,000 square feet
About The Gutierrez Company
For 39 years, The Gutierrez Company had been a leader in the Boston Commercial Real Estate community. Their Vertically integrated approach to leasing, development and construction allows Gutierrez to create projects that address its client’s specific needs while improving the physical landscape.
The Gutierrez Company’s portfolio includes office, R&D, industrial, retail and multi-family residential and exceeds 11 million square feet.
About Newmark
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, valuation and advisory services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.