CB Richard Ellis/New England (CBRE/NE), a joint venture partner with CB Richard Ellis, has facilitated a 19,200 s/f lease renewal at 19 Connector Rd., on behalf of Global Industries, a leader in the office furniture industry. Global Industries will remain on the first floor of the building, a 76,800 s/f industrial/R&D building owned by private real estate investment trust (REIT) 19 Connector Road Trust.
Mark Reardon, executive vice president/partner, and David Connolly, senior vice president/partner, at CBRE/NE, represented Global Industries in the transaction. Tim Brodigan, vice president at Klemmer Associates, represented the ownership.
19 Connector Rd. is situated on the Andover/Tewksbury town line two miles from I-93, five miles from I-495 and eight miles from I-95/Rte. 128. Built in 1987, the property features 20 foot clear heights, tailboard loading, ribbon windows and a 3.4/1,000 s/f parking ratio. The property is situated on seven acres and is positioned for a variety of uses including light manufacturing, warehousing and distribution.