Image courtesy of JLL

Move-in ready office space at a 74,000-square-foot Framingham property attracted its fourth lease in recent months, in a confirmation of the owner’s strategy of targeting small- and mid-sized tenants with speculative buildouts.

Information technology firm Leidos leased and occupied 10,230 square feet at 100 Pennsylvania Ave.

Marlborough-based CB Equities acquired the property in 2021 for $4.55 million. It launched a capital improvement project including a new energy management system and common area amenities such as a club room and marketplace.

At the same time, it’s building out spec office suites designed to appeal to tenants looking for quick occupancy. CB Equities and JLL are marketing the 100 Pennsylvania Ave. property to tenants ranging from 3,000 to 30,000 square feet, and received a series of commitments in recent months.

Leases were signed by Boston Analytical, software firm xSuite and biopharmy company Syner-G for spaces ranging from 3,235 to 7,691 square feet.

“Leidos and Boston Analytical’s recent transactions show how, from easier permitting processes to the potential for flexible leases, more tenants are seeking the benefits of move-in-ready office spaces with premier amenities,” JLL Executive Vice President Alison Powers said in a statement.

The project takes place amid a sluggish leasing environment for office properties in both the downtown and Boston suburban markets.

According to a report released this week by brokerage Colliers, the 20 million-square-foot Route 128-Massachusetts Turnpike submarket had a 25.2-percent availability rate at the end of 2023. For the full year, the submarket had 2.1 million square feet of negative absorption.