Home > Press Releases > Campanelli Welcomes Gentex Corporation And AlliedBarton Security Services To 700 Technology Park Drive, Billerica, Mass.

Campanelli Welcomes Gentex Corporation And AlliedBarton Security Services To 700 Technology Park Drive, Billerica, Mass.

Richards Barry Joyce & Partners Brokers Leases On Behalf Of Campanelli

BOSTON – April 4, 2012 – Richards Barry Joyce & Partners, LLC (RBJ&P), a full-service commercial real estate advisory firm, announced today that it brokered two leases on behalf of Campanelli at 700 Technology Park Drive in Billerica, Mass.  The leases, totaling nearly 9,000 square feet, were signed with Gentex Corporation and AlliedBarton Security Services.

The leases are the fifth and sixth signed at the building since it was acquired by Campanelli in September 2010.  700 Technology Park Drive and nearby 900 Technology Park Drive were part of an eight-building portfolio purchased by a joint venture partnership between Campanelli and Dallas-based TriGate Capital.

“We have been very pleased with the high level of activity at 700 & 900 Technology Park Drive,” said James Lipscomb, senior vice president, Richards Barry Joyce & Partners.  “Campanelli takes a proactive approach to working with its tenants through space planning, project management, and construction management.  This level of partnership with tenants has had direct bearing on the success we’ve had in bringing 700 Technology Park Drive to 93 percent occupancy and advancing several other lease discussions at 900 Technology Park Drive.”

The Richards Barry Joyce & Partners team of Brian McKenzie, John Wilson, James Lipscomb and Emma Geldmacher worked with Peter Brown, Director of Leasing, and Mark Carroll, Senior Director of Asset Management at Campanelli.  RBJ&P is the exclusive leasing agent for 700 and 900 Technology Park Drive.

Details of the leases include:

Gentex Corporation leased 6,450 square feet of office space on the building’s first floor, for a branch office.  The company, which is moving from 4 Federal Street in Billerica, was represented by Joseph Doyle and Shawn McDonough of Cresa.  Gentex Corporation, a privately-held, family-owned company with a product development and manufacturing history that spans more than 100 years, is a global provider and partner of choice for personal protection and situation awareness products, systems and platforms.

AlliedBarton Security Services, the largest American-owned security officer services company, signed a new lease for 2,339 square feet on the building’s second floor.  The company is moving to Billerica from Lowell, Mass.  AlliedBarton was represented by James Lipscomb and Emma Geldmacher  of Richards Barry Joyce & Partners.

About 700 and 900 Technology Park Drive
700 and 900 Technology Park Drive are located directly off Route 3, within five miles of both I-495 and Route 128. Situated in a mature park setting, the buildings comprise a total of more than 87,000 SF of office space.  700 Technology Park offers a fitness center and the park features daycare and a hotel.  700 and 900 Technology Park Drive can accommodate tenants looking for space from 2,000 to 20,000 SF.

After acquiring the buildings, Campanelli immediately began significant renovations.  The buildings feature redesigned lobbies, new ceilings, lighting and floor finishes to the common areas, upgraded finishes to the common fitness facility, as well as upgrades to the parking lots and landscaping.

About the Market – Route 128 North Office
According to research by RBJ&P, the Route 128 North submarket consists of 25,789,000 square feet of office space and was 17.5% vacant, as of the quarter ended March 31, 2012.

About Campanelli
Established in 1947, Campanelli is a full-service commercial real estate development, acquisition and construction company with extensive experience in the industrial, office, medical, warehouse/distribution and retail markets. To date, Campanelli has developed over 20 million square feet of commercial real estate property in New England and down the Eastern United States. The company’s signature capabilities include land development, design and build, redevelopment and value-added acquisitions.  It is Campanelli’s all-encompassing and quality services that have led to its successful track record as a highly-regarded developer; from site selection, feasibility analysis, local, state and federal permitting, to architectural and engineering design, building construction and facilities and property management.  With a cohesive development team that has worked together for more than sixty years, Campanelli can assure its clients that every aspect of a project is directed, monitored and controlled by Campanelli.  For more information, visit www.campanelli.com; new website coming soon.

About Richards Barry Joyce & Partners, LLC
Richards Barry Joyce & Partners is a full service commercial real estate firm providing creative solutions for its client partners. The company’s focused team approach offers clients a competitive advantage in solving their local, national, and international real estate challenges. Richards Barry Joyce & Partners’ unique platform offers a full range of real estate advisory services including market analysis, capital markets solutions, financial analysis, corporate services, portfolio review, and consulting services.  For more information, please visit our website at www.rbjrealestate.com.  Follow us on Twitter at @RBJ_Partners.

Categories: Press Releases

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