Woburn, MA According to Michael Grill, president of Fairlane Properties, Inc., the firm has completed the long-term lease extension of Anixter International Inc. for 101,400 s/f at 275 Wildwood Ave. Anixter is a leading global distributor of network & security solutions, electrical & electronic solutions and utility power solutions. The Fortune 500 company supplies communications and security products and electrical and electronic wire and cable.
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The building at 275 Wildwood Ave. serves as Anixter’s Massachusetts distribution facility and houses Anixter’s Solutions Briefing Center. Located in the two-story office and warehouse building since 2005, Anixter occupies 84,700 s/f of warehouse, distribution, production and support uses on the first floor and 16,700 s/f of office space on the second floor.
An affiliate of Fairlane Properties purchased the 174,000 s/f property with over 660 parking spaces in July 2011 for $16.1 million. Verizon New England also occupies the building.
Joe Doyle and Mark Coelho of Cresa Boston represented Anixter in the lease renewal.