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Ademco Extends Woburn Lease For Nearly 15,000 S.F.

Jun 25, 2009 | Reprints | Unlock Link | Print

Derek Russell, Cummings Properties' leasing/property manager, who represented the company in the lease transaction with ADI. Melville, N.Y.-based Ademco Distribution Inc., a wholesale distributor of security and electronic products, has extended its lease for almost 15,000 square feet at 78 Olympia Ave. in Woburn.

The building, located near the intersection of Interstates 93 and 95, is owned by Cummings Foundation Inc. and managed by Cummings Properties LLC.The space includes offices and a 5,000-square-foot warehouse.

"ADI has been a valued client and vendor for many years. We know ADI carefully considered several options including relocating, and with all the choices in the market, we were extremely pleased that ADI chose to stay with us," said Derek Russell, Cummings Properties’ leasing/property manager.

Russell represented Cummings Properties in the lease transaction while ADI was represented by N.Y.-based Realty Insight Group President Neil Schorr in its search for space and lease negotiations.

Commercial & Industrial