Transwestern | RBJ broker 64,000 s/f lease to Morpho Detection LLC

July 03, 2014 - Front Section

John Wilson, Transwestern | RBJ

Brian McKenzie, Transwestern | RBJ

James Lipscomb, Transwestern | RBJ

23 Frontage Road - Andover, MA

Jared Pimm, Transwestern | RBJ

According to Transwestern | RBJ, Morpho Detection LLC has leased the entire 64,000 s/f building at 23 Frontage Rd.
Transwestern | RBJ partners John Wilson, Brian McKenzie and James Lipscomb, along with leasing associate Jared Pimm, represented the building owner, RJ Kelly Co., in the 10-year lease.
The explosives, narcotics and chemical detection systems manufacturer was represented by Joseph Doyle, Joseph Sciolla and Matt Quinlan of Cresa Boston and Scott Finegold of Finegold Commercial Real Estate.
"We are excited to see this property come into its full capacity," said Lipscomb. "RJ Kelly put substantial time and capital into the building, so it's very rewarding to see the fruits of that labor. This lease is the cap on this property's impressive turnaround."
RJ Kelly acquired the building in 2011 and launched a significant renovation and repositioning process, ultimately securing LEED certification.
"When we acquired 23 Frontage Rd., we could see its considerable potential," said Scott Kelly, a principal at RJ Kelly. "It has an excellent location and provides possibly the best visibility in the I-495 North submarket. The glass atrium lobby we added to the building is eye-catching to any passing car. We saw this as an ideal single-tenant building and worked with the Transwestern | RBJ team to find the right fit."
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