Burgess Properties, one of Greater Boston's commercial brokerage firms has brokered a 10-year 70,000 s/f lease with Paradigm/Precision Holdings LLC in conjunction with CB/Richard Ellis at One Second St.
Paradigm/Precision Holdings is a manufacturer of precision machined aerospace engine components. PPH purchased Malden, Mass. based Palmer manufacturing and this new lease represents an expansion of the Palmer Manufacturing operations. Palmer will keep its facility in Malden in addition to the new manufacturing plant in Centennial Park.
Phillip Burgess and Stephen Nohrden of Burgess Properties represented PPH and David Corkery and David Connolly of CB/Richard Ellis represented the landlord, Framingham, Mass. based Atlantic Management.