Bret O'Brien of Greater Boston Commercial Properties (GBCP) recently represented Accelrys, Inc. in leasing 19,556 s/f at 9 Industrial Rd. O'Brien acted as the companies tenant representative in this relocation of the companies operations from 10,000 s/f at 25 South St. in Hopkinton.
After a comprehensive search of the market it became apparent that despite a tremendous amount of office vacancy along Rte. 495, 9 Industrial Rd. was the only building in the Milford market that could offer 20,000 s/f of contiguous first class office space. Although the space has been vacant for several years the transaction included a sublease from Lehigh Consumer Products who master leases the entire building through 2015. The balance of the term is a direct lease through the landlord Brookwood Milford, LLC.
Accelrys plans to take occupancy October 1st, provided that all of the tenant improvements have been completed prior to that date.