Boston’s Northwest Suburban Submarket Begins to Pick Up
By Joe Clements
Plenty of holes remain in suburban Boston’s Northwest commercial real estate market, but a couple of major blocks of space are being taken out of circulation via six-figure subleases to Sonus Networks and Raytheon Inc. Sonus will take all of 7 Technology Drive in Westford from Teradyne Inc., while defense giant Raytheon Co. reportedly is expanding to 185,000 square feet in Billerica in two buildings leased to Nortel Networks.
Nordic Properties Said Acquiring 3- Building Complex in Reading
By Joe Clements
A suburban office park is losing its anchor tenant but has found a new buyer nonetheless, with Nordic Properties said to be acquiring 55 Walkers Brook Drive in Reading. Located just off Route 128, the complex has three buildings situated on approximately 14 acres.
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