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48 Worcester Business Journal • Book of Lists 2016 www.wbjournal.com Notable commercial leases Ranked by square footage Property Area in square feet Tenant Landlord Tenant broker/ landlord broker 1 3 Distribution Center Circle Littleton 448,470 Potpourri (PHI Acquisitions) Condyne Jones Lang LaSalle Thompson Partners 2 18 Independence Drive Ayer 193,127 SMC LTD Cross Harbor Capital Partners CBRE Transwestern|RBJ 3 180 Shrewsbury St. West Boylston 146,000 Bunzl Distribution WRT Shrewsbury Street Kelleher & Sadowsky Associates Inc. Kelleher & Sadowsky Associates Inc. 4 35 Otis St. Westborough 121,700 Wesco GIJV MA 4 Jones Lang LaSalle NA 5 1 Woodmeister Way/120 Industrial Drive Holden 105,400 Woodmeister Master Builders Inc. Astro Properties Kelleher & Sadowsky Associates Inc. Kelleher & Sadowsky Associates Inc. 6 1-5 Sassacus Drive, Building 3 Westborough 103,303 Wayfair LLC TA Associates Realty Transwestern|RBJ Transwestern|RBJ 7 111 Constitution Blvd. Franklin 96,126 Imperial Bag & Paper Co. American Tire Distributors Colliers International Jones Lang LaSalle 8 1 Littleton Distribution Center Littleton 90,000 1A Auto Condyne Jones Lang LaSalle Jones Lang LaSalle 9 27 Otis St. Worcester 87,240 Columbia Electrical Contractors Inc. TA Associates Realty Kelleher & Sadowsky Associates Inc. Transwestern|RBJ 10 381 Plantation St. Worcester 83,726 AbbVie Bioresearch Center Inc. WCS-381 Plantation Street LLC Jones Lang LaSalle Kelleher & Sadowsky Associates Inc. 11 120 Turnpike Road Southborough 81,792 Autonomy Digital LLC Curo Enterprises LLC CBRE Transwestern|RBJ 12 90/100 Front St. Worcester 76,000 Reliant Medical Group Inc. Front Street Associates LLC Kelleher & Sadowsky Associates Inc. Kelleher & Sadowsky Associates Inc. 13 28 Millbury St. Auburn 75,000 Mid-State Packaging Rabina Properties Kelleher & Sadowsky Associates Inc. Kelleher & Sadowsky Associates Inc. 14 90/110 Front St. Worcester 74,650 UMass Memorial Realty Inc. Front Street Associates LLC Kelleher & Sadowsky Associates Inc. Kelleher & Sadowsky Associates Inc. 15 10 New Bond St. Worcester 73,859 A. Schulman Liberty New Bond LLC Kelleher & Sadowsky Associates Inc. Kelleher & Sadowsky Associates Inc. 16 111 Locke Drive Marlborough 63,800 OYO Sports Toys Intercontinental Real Estate Corp. Colliers International Transwestern|RBJ 17 150-170 Locke Drive Marlborough 60,855 GE Healthcare Intercontinental Real Estate Corp. CBRE Transwestern|RBJ 18 One Research Drive Westborough 53,879 Genzyme Corp. Ferris Development Group, LLC JM Zell Partners LTD Transwestern|RBJ 19 35 Nagog Park Acton 45,855 Affirmed Networks 35 Nagog Park LLC Transwestern|RBJ NA 20 753 Forest St. Marlborough 40,650 Richardson Electronics RREEF Management LLC Colliers International Transwestern|RBJ 21 300 Nickerson Road Marlborough 40,578 Viasat Inc. Normandy Real Estate Partners Newmark Grubb Knight Frank Transwestern|RBJ 22 120 Front St. Worcester 40,019 Nationwide Mutual Insurance Co. Worcester Renaissance Towers LLC CBRE Kelleher & Sadowsky Associates Inc. 23 100 Nickerson Road Marlborough 38,308 Tetratech Inc. Normandy Real Estate Partners AIS Development Transwestern|RBJ 24 One Innovation Drive Worcester 37,707 Agilux Laboratories Inc. WCS One Innovation Drive LLC CBRE Kelleher & Sadowsky Associates Inc. 25 Kenwood Industrial Park Franklin 37,000 Delta T Distributors Rypos Inc. NA R.W. Holmes Realty Co. Inc. R.W. Holmes Realty Co. Inc. 26 114 Turnpike Road Westborough 35,649 Liberty Mutual Insurance Co. Albany Road CRESA Transwestern|RBJ 27 38 Forge Park Franklin 31,974 Kaman Industrial Technologies TA Associates Realty CRESA Transwestern|RBJ Source: News accounts, brokerage firms and property records from 2015. Note: NA = not available - Compiled by: Stephanie R. Meagher, smeagher@nebsuinessmedia.com Commercial leases have been heating up for some time in the MetroWest area, but that is especially true when it comes to manufacturing space. The data from Transwestern for the first quarter of 2016 shows strong growth in price per square foot lease rates. Below are the average price per square foot rates and the percent change from the fourth quarter for industrial real estate n I-495 West $10.64 per square foot, an increase of 29.8 percent n I-495 South $5.83 per square foot, an increase of 7.3 percent n I-495 North $7.83 per square foot, an increase of 4.6 percent n I-495 submarkets total $8.16 per square foot, an increase of 7 percent The average price for the Route 128 & I-495 areas combined is $8.46 per square foot, an increase of 18.2 percent. Source: Transwestern Industrial real estate heats up in MetroWest Scott Hughes, president of New Dover Associates, Inc. of Framingham, who sells industrial parks in MetroWest.