Image courtesy of JLL

A Framingham office landlord’s investment in speculative suites and new amenities attracted leases from a German software company and biopharma firm.

CB Equities acquired the 74,000-square-foot 100 Pennsylvania Ave. property in 2021 for $4.55 million. The Marlborough-based private real estate developer is adding a club room and renovated lobby and common areas to lease available spaces ranging from 3,000 to 18,500 square feet.

An undisclosed biopharma company recently leased 7,691 square feet, while software vendor xSuite leased a 3,708-square-foot spec office suite.

The transactions reflect growing tenant demand for move-in ready Class A office space and new amenities, CB Equities Managing Director Colin Gillespie said in a statement. The developer is nearing completion of a 5,500-square-foot spec suite on the second floor.

JLL’s Alison Powers, Bob McGuire and Sam Crossan represent CB Equities in leasing. Kelleher & Sadowsky’s Philip DeSimone and Ross Miner represented xSuites.

New Owner Pursues Spec Office Suite Strategy in Framingham

by Steve Adams time to read: 1 min
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