IBM Leases 490,000 SF Outside Boston
Computer giant IBM has signed a 490,000-square-foot lease to completely occupy the newly renovated Littleton Corporate Center, a two-building interconnected office complex in suburban Boston.
National Development of Massachusetts and New York-based Angelo Gordon & Co. acquired the complex last April from Hewlett-Packard Co. for $25.5 million. The venture began a full-scale renovation earlier in the year that includes all-new lobbies, entry points, elevators and energy efficient building systems and upgraded parking areas.
The renovations are expected to finish this month. IBM will take occupancy on a long-term lease beginning next summer.
The complex sits on 39 acres at 550 King St. in Littleton, MA, northwest of Boston. The three-story buildings were developed in 1984 and are comprised of 270,810 square feet and 215,130 square feet.
Torin Taylor and Richard Ruggiero of Cushman & Wakefield represented ownership, while Matt Dwyer and Flory McCarthy of Jones Lang LaSalle represented the IBM.
Source: Deena Dietrich for CoStar
