Lincoln Property Company announced today the successful negotiation of two new leases accounting for 14,018 RSF on behalf of KS Partners at 115/117 Flanders Road in Westborough, MA.
Microbac Laboratories, which operates one of the world’s most diversified commercial laboratory networks, will be relocating their Worcester facility to 117 Flanders Road as the company committed to lease 4,838 RSF of lab space on a long term basis. Microbac Laboratories was represented by Cushman & Wakefield.
Metamagnetics, Inc., a leading provider of high-end RF and power components used to enhance the performance and effectiveness of mission-critical security, surveillance, and communication systems, signed a lease on 9,180 RSF of office/R&D space at 115 Flanders Road. The company will be relocating from Canton, MA in a move driven by the need for additional square footage to accommodate growing demand for their products. After touring 128 West and 495 West extensively, the tenant chose 115 Flanders Road as their new location due to the aggressive economic terms achieved and the properties close proximity to the Mass Pike, 495, and Route 9. Metamagnetics was represented by Patrick Joyce at CBRE.
“Both tenants, their respective brokers, and KS Partners did a commendable job of working with one another to address concerns throughout the lease negotiations. We are optimistic we’ll be able to continue the positive momentum in 2017 and lease the remaining two vacancies of 8,963 RSF at 115 Flanders and 10,343 RSF at 117 Flanders, which will bring the 115,000 RSF two-building park to full occupancy” said Tim Latham, Senior Vice President of Lincoln Property Company.
KS Partners was represented by Lincoln Property Company’s Suburban team of Tim Latham, Chris Devaux Mark Joyce and Carolyn Molloy
About Lincoln Property Company:
The Boston office of Lincoln Property Company, a national commercial real estate company, provides brokerage, property management, appraisal/valuation and development and project management services to a wide range of clients. In Massachusetts alone, Lincoln Property manages over 12 million square feet of commercial space and is responsible for leasing millions of square feet of space every year. For more information on Lincoln Property Company’s Boston office, visit: www.LPCBoston.com.
About KS Partners:
Headquartered in Woburn, Massachusetts with offices throughout New England and a team of approximately fifty employees. KS Partners is here to invest and partner in long term asset opportunities. With a strategy to target value-add assets and capitalize on returns through renovation, deal execution and repositioning. KS Partners brings together the vast real estate experience of our management team in leasing, operating and maintaining our properties while leveraging local knowledge and relationships to generate value in all of their investments. For more information about KS Partners, visit: www.kspartnersllc.com/
About Microbac Laboratories:
Microbac Laboratories, Inc. operates one of the world’s most diversified commercial laboratory networks. Each day, Microbac’s laboratories deliver to thousands of clients the information their businesses need. Our relationships with clients like you are developed and nurtured through a unique trust built upon Quality, Dependable Results and Superior Customer Service. For more information on Microbac Laboratories, visit: www.microbac.com/
About Megamagnetics, Inc.:
Metamagnetics is a leading provider of high end RF and power components to enhance the performance and effectiveness of mission-critical security, surveillance and communication systems. For more information on Megamagnetics, Inc., visit: www.mtmgx.com/