{"id":1004228540,"date":"2018-05-09T06:42:40","date_gmt":"2018-05-09T14:42:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004228540"},"modified":"2022-12-08T16:49:33","modified_gmt":"2022-12-09T00:49:33","slug":"ma-office-property-lands-2-new-tenants","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ma-office-property-lands-2-new-tenants\/","title":{"rendered":"MA Office Property Lands 2 New Tenants"},"content":{"rendered":"

By IvyLee Rosario<\/p>\n

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65 Grove St., Watertown, Mass.<\/p><\/div>\n

Cresset Development has landed two new tenants at 65 Grove St., its office, medical, R&D and life science-ready property in Watertown, Mass. Markem-Imaje and its parent company Dover Corp. signed two leases that will serve as Markem-Imaje’s new product innovation and design center. NKF arranged the leases on behalf of Cresset.<\/p>\n

Markem-Imaje will be leasing 14,404 square feet and Dover Corp. will be leasing 3,719 square feet, both on the second floor. Once build-outs are completed in August, both companies will make the move.\u00a0The three-story property comprises 115,000 square feet and was acquired by Cresset in June 2014.<\/p>\n

“Cresset is pleased to welcome Markem-Imaje and Dover to 65 Grove St.,”<\/em> said John Baxter of Cresset Development, in a prepared statement. “Both firms are a great fit and join a strong roster of tenants including Bosch Thermotechnology Inc. and Lyndra.”\u00a0<\/em><\/p>\n

Renovation Work<\/h2>\n

The asset underwent extensive renovations that included improvements to curb appeal, upgrades to the interior space and the installation of a new building HVAC, electrical and mechanical systems, as well as a new roof to maximize energy efficiency. Other features include 12-foot ceilings, a large floor load capacity, floor-to-ceiling windows and efficient floor plates. The firm also added several amenities to the building, which include:<\/p>\n