Mansfield, MA Despite the unprecedented slow office market, Colliers’ Boston office and CB Equities have attracted four tenants totalling 23,000 cumulative s/f at 20 Cabot Blvd. and 575 West St.
20 Cabot and 575 West were leased to a combination of renewal and new tenants including Tetra Tech, Vendetti Warehouse, Hallam ICS, and Princess House, which relocated from Myles Standish Blvd. in Taunton to 20 Cabot Blvd. With ranging suite sizes, the tenants were drawn to a prominent location and successful renovation program that took place during the COVID-19 pandemic.
In partnership with owner, CB Equities, Colliers has effectively slashed building vacancy, leaving only 11%, or 15,861 s/f, of availability. Amenities in the buildings include Starbucks kiosk and food service, common conference and huddle areas, and a fitness center.
“As we move towards a new norm of workspaces and office design, we are excited to offer our existing and new tenants the opportunity to meet their business goals while navigating a confusing and challenging time,” said John Conley, CB Equities.
20 Cabot and 575 West sit within Cabot Business Park, an 850-acre master-planned park known for its proximity to major roadways and the Mansfield Commuter Rail Station. One of the largest campus-style industrial parks in New England, Cabot Business Park is home to notable companies including Accutech, Samsonite Corp., Medtronic, and Integra Life Sciences.
“We are thrilled to generate positive absorption in an unprecedented leasing environment. It’s a pleasure to work with CB Equities and we look forward to continuing the success,” said John Real, senior advisor, Colliers.
In addition to Real, senior vice presidents Stephen Woelfel, Jr. and PJ Foster represented CB Equities in the latest lease transactions. Newmark represented Tetra Tech.