Newmark is pleased to announce it has recently completed a 40,718-square-foot lease to ExaGrid Systems, Inc. at 350 Campus Drive (The Campus at Marlborough) in Marlborough, Massachusetts. Newmark Executive Managing Director J.R. McDonald and Director Tyler McGrail represented the owner, Hines, in the transaction. ExaGrid signed the long-term lease for its new corporate headquarters.
The Campus at Marlborough is a four-building, 532,000-square-foot, Class A office complex strategically situated at the crossroads of New England approximately 30 miles west of Boston. Widely recognized as one of the premier suburban office parks in Boston, The Campus enjoys an irreplaceable hilltop location with panoramic, 30-mile unobstructed views. The Campus offers best-in-class amenities including a 400-person cafeteria, full-service fitness center, Starbucks lounge and multiple common conferencing areas and outdoor recreation areas.
Relocating from 2000 West Park Drive in Westborough, ExaGrid is a disk-based backup hardware company. The rapidly growing firm sought larger space to consolidate its workforce onto one floor while securing the necessary computer lab space and work environment for its future business needs. After engaging the market, ExaGrid determined that The Campus at Marlborough offered them the best combination of space, amenities and value. Newmark represented ownership in the lease negotiations while Joe Doyle, Dave Ross and Nate Heilborn of the Boston office of Cresa represented ExaGrid.
“We are pleased to have represented ownership in this significant lease transaction for The Campus at Marlborough,” stated McDonald. “ExaGrid is a dynamic and growing firm, which is the perfect fit for The Campus. The property’s premiere location and modern amenities make it ideal for companies like this- on the rise.”
“The ExaGrid lease is a testament to the excellent infrastructure, amenity base and value that is offered at The Campus at Marlborough,” added McGrail. “We are very pleased with the level of interest and activity at The Campus and recognize that it is one of the few remaining quality large blocks of space available in this marketplace.”
Hines is a privately owned global real estate investment, development and management firm, founded in 1957, with a presence in 207 cities in 24 countries and $116.4 billion of assets under management-including $64 billion for which Hines provides fiduciary investment management services and $52.4 billion for which Hines provides third-party property-level services.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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