Invensys Systems, Inc., a subsidiary of Invensys PLC, has renewed its lease for 252,000 s/f of office and flex space at 70 Mechanic St. The lease encompasses the entire two-story building, and contains landlord funded improvement allowances to completely renovate the structure.
Jones Lang LaSalle vice president Greg Zais and executive vice president Tom Kent negotiated the transaction on behalf of Invensys.
Andy Zhong, vice president of asset management for Lexington Realty Trust, represented the owner Lexington Foxboro I, LLC.
Located two miles from the interchange of I-95, exit 8 and South Main St., 70 Mechanic St. was originally design, constructed and occupied by Invensys for their own use. The building is adjacent to an Invensys owned corporate campus.
70 Mechanic St. is a two-story glass and steel framed building situated on 31 acres. Invensys is planning extensive base building and interior renovations to include a new building envelope, mechanical & electrical improvements.