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46,815 SF in Lease Renewals Secured at 144-154 Rangeway Road, Billerica

We are pleased to announce the successful facilitation of 46,815 square feet in lease renewals across 144-154 Rangeway Road, a two-building flex park in Billerica, MA.

The renewals, completed on behalf of the property’s new owner, Juniper Development, include five tenants:
• LeMaitre Vascular
• Hughson Electric
• Hydronics, Inc.
• Alpine Precision
• General Manufacturing

“Following a successful sale of 144-154 Rangeway Road, R.W. Holmes assisted the new owner, Juniper Development, to successfully retain the majority of the rent roll at market terms. Prior to the sale, the entirety of the tenant roster was on an at-will basis at rates below market. Juniper is currently performing capital improvements to the two-building flex park, and R.W. Holmes has been retained as leasing agent for the property,” said Mike Ogasapian, SIOR, Senior Vice President at R.W. Holmes.

Juniper Development is undertaking significant upgrades to enhance the property’s functionality and marketability. These improvements align with their strategic goal of positioning 144-154 Rangeway Road as a premier flex park in the region.

144-154 Rangeway Road offers versatile spaces suitable for light manufacturing, R&D, and warehousing, with excellent access to major highways and local amenities.

Noteworthy Transactions

Albemarle Gardens, a 112-unit multifamily community in Newton, MA, sold for $29,550,000

Mattress Firm expands in Massachusetts with a 142,000 SF lease in Franklin

Boston Dynamics and SnapDragon Chemistry take 75,000 SF of lab/R&D space in Waltham Research Park 214,356 square feet making Waltham Research Park 100% leased

R.W. Holmes represents MathWorks in the $16.7M, 107,000 SF acquisition of Cochituate Place, Natick

R.W. Holmes takes 55% leased 130,000 SF Class A Office building to 95% leased at 55 Old Bedford Rd in Lincoln for owner Real Capital Solutions, Denver

R.W. Holmes fully leases a 67,000-square-foot new spec industrial building at 50 Ryan Drive, Raynham, before completion

R.W. Holmes represents The MathWorks in Los Angeles, Maryland, and Michigan expansions

Sold 2 & 3 Apple Hill, Natick for Met Life $50,000,000

R.W. Holmes Realty represents Coca-Cola in securing a new 90,000 SF building in Westborough

Sold 403 acres of land for Alstores Realty Corporation to Paramount Development (subsidiary Perini Corp.) which was developed as the Raynham Woods Commerce Center