Stryker Development, a division of Stryker Corporation, has executed a new 6,948 s/f lease to relocate its operations from One Kendall Sq. in Cambridge to 150 Bear Hill Rd. Colliers Meredith & Grew's Tucker Hansen and Tim O'Brien represented Stryker Dev. in the transaction. Associate Alex Plaisted of CB Richard Ellis/New England represented the landlord, King Street Properties LLC. Specifics of the lease transaction were not disclosed. Built in 1980 and renovated in 1998, 150 Bear Hill Road is two-story, 20,400-square-foot office, R&D and light manufacturing building located off Route 128 in Waltham, Mass.