Full and original article posted on New England Real Estate Journal
Mansfield, MA Colliers International Boston’s Southwest team signed three leases totaling 164,000 s/f in Cabot Business Park’s 575 West St. and 20 Cabot Blvd. The increasingly tight 495 South submarket, which lost half-million-s/f occupier, Covidien/Medtronic, just 18 months ago, has already backfilled the majority of that space and brought the market to a slim 12% vacancy rate following 343,000 s/f of recent absorption.
The buildings’ leasing team of senior vice president Caleb Hudak, vice president PJ Foster, and associate John Real, in combination with building ownership, attracted Foxborough transplant, Advantage Sales and Marketing, to a 45,000 s/f office and flex/R&D space at 575 West St. Their tenancy, combined with a 96,000 s/f renewal by Samsonite, brings the building to 90% occupied.
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