Boston – The Davis Companies (TDC) has signed lease agreements totaling approximately 94,000 square feet at Ferncroft Corporate Center in Middleton, Massachusetts. TDC has signed a lease with Appleseed’s Brands for over 43,000 square feet, and renewed existing tenant SAS Institute, Inc. for more than 50,000 square feet. With the addition of Appleseed’s Brands, the building is now 85% leased.
Ferncroft Corporate Center is a 226,000 square foot, eight-story office tower in the 128 North submarket of Boston. It was originally built in 1990 as a regional corporate office for Verizon, who occupied the entire premises. In addition to Appleseed’s the current anchor tenants are SAS Institute, Inc. and SuperMedia Services-East, Inc., a former Verizon subsidiary, occupying approximately 41,600 square feet. Since acquiring the property, TDC has made significant capital improvements, including a new state-of-the-art conference center, a renovated and expanded fitness center with changing rooms and showers, a renovated cafeteria with a large seating area, and a renovated main lobby, bathrooms and elevator lobby areas.
“We are thrilled to welcome Appleseed’s Brands to this top quality asset,” said Duncan A.C. Gilkey, Senior Vice President – Leasing & Asset Management at The Davis Companies. “Ferncroft Corporate Center is the best-in-class tower in the northern suburban market. Appleseed’s is a great addition, with an impressive management team led by Garth Greenier, President of Appleseed’s Brands. Mr. Greenier and his colleagues recognized the importance of the intrinsic quality of the building and the capital improvements we made to the property over the past year to his employees, who were his number one priority. With its combination of quality, location and best-in-class infrastructure, Ferncroft Corporate Center continues to be the best value proposition in the northern suburban market.”
Torin Tylor, Executive Director with Cushman & Wakefield, represented TDC and Ted Lyon, Senior Managing Director and Principal at Cassidy Turley, represented Appleseed’s Brands. The Architect for Appleseed’s interior and the building renovation was Daniel P. Peruzzi, Jr., Principal with Margulies Peruzzi Architects.