BOSTON– JLL’s MetroWest Leasing Team announces that it has completed three new leases totalling 23,299 square feet within Lake Williams Corporate Center, a 210,000-square-foot office campus at 62 Forest Street in Marlborough, MA. JLL represented ownership, a client of Washington Capital Management, Inc., in these transactions.
This recent flurry of leasing activity brings the park’s total occupancy to over 97 percent. These three new tenants are a mix of both start up and established companies from a variety of different industries.
Tyler Technologies, a leading provider of end-to-end information management solutions and services for local governments, recently leased approximately 7,000 square feet. The tenant was represented by Stan Burwick, President of New England Industrial Properties. Walgreens relocated their New England Sales Offices to Lake Williams from Waltham, signing a long-term lease at here for 7,200 square feet. Walgreens was represented by Arlon Brown, Senior Advisor of SVN Parsons Commercial Group.
The largest of the new leases was signed by Immunovia, a Swedish Life Science start up focused on the development and diagnosis of cancer and autoimmune diseases. Immunovia, represented by CBRE Senior Vice President Rob Walles, chose Lake Williams Center as the site of their new North American beachhead, signing a lease for 8,700 square feet. The three firms will join Babcock Power, who recently leased 46,000 square feet taking over a full floor here.
JLL Managing Director Phil DeSimone and Vice President Rob Mahoney represented Washington Capital Management in negotiations for the three transactions.
“We’re excited to welcome these dynamic companies, a combination of both local Marlborough firms and newer entrants arriving from outside 495/West and New England,” said Mahoney. “It speaks to ownership’s vision and commitment to the asset, and the Center’s universal appeal to diverse companies with varying usage needs, from life science and R&D to a more traditional office use. It’s also a testament to the success of Marlborough and the region as an increasing number of companies continue to recognize the value of establishing their operations here.”
Built in 2001, Lake Williams Center is a premier, Class A campus with impeccably maintained office space easily accessible from I-495 and the Mass Pike/I-90 in Marlborough. This modern campus provides flexible office space perfect for a wide range of user types including software and high-tech, healthcare/medical, financial services, professional services, and business services. It offers all of the amenities today’s workforce demands: a full-service, on-site cafeteria; an on-site fitness center with showers and lockers; a lounge and conference facility; large, bright window lines, outdoor patio spaces with seating; newly renovated lobbies, and excellent connectivity certified by WiredScore. Lake Williams Center is asset managed by Washington Capital Management on behalf of their client, with property management overseen by National Development.