Gurtler of Avison Young represents Ora, Inc. in 28,770 s/f office lease

Andover, MA According to Avison Young, Ora Inc. has signed a 28,770 s/f office lease renewal at 300 Brickstone Sq. Avison Young principal Keith Gurtler represented Ora in the transaction. CBRE New England represented landlord New Brickstone Office, LLC.

300 Brickstone Square - Andover, MA

The 300 Brickstone Sq. site is one of three class A buildings that make up the Brickstone Sq. business center. The 1 million s/f business park offers an attractive campus setting packed with amenities, including a full-service cafeteria, professionally managed health club and on-site day care center. Visible from Rte. 495, Brickstone Sq. is easily accessible from Rtes. 114, 133 and 125 and via MBTA commuter rail.

“This long-term lease renewal will enable Ora to stay in a strategic location where the firm has grown its business consistently in recent years,” said Gurtler. “The building, recently purchased by KS Partners and Oaktree Capital Management, is undergoing major improvements to common areas, amenities and parking. Ora was able to stay in place, make the improvements they needed and expand over time in a highly accessible park. Meanwhile, the landlord continues to benefit from a stable tenant that provides consistent income. It’s a win-win deal for everybody.”

Keith Gurtler, Avison Young

Ora is one of the world’s leading independent, full-service ophthalmic clinical research and product development firms with offices in the United States and Japan. Over the past 30 years, Ora has helped its clients earn 38 FDA approvals. Ora supports a wide array of organizations, from start- ups to global pharmaceutical companies, to efficiently and successfully bring their new products from concept to market. Ora’s pre-clinical and clinical models, unique methodologies and regulatory strategies have been refined and proven across thousands of projects both in the US and internationally. Ora brings together the world’s most extensive and experienced network or ophthalmic experts and R&D professionals to maximize the value of new product initiatives.

Avison Young is one of the world’s fastest-growing commercial real estate services firms. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,000 real estate professionals in 71 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.