Northeast firms secure, expand distribution space

Leases inked in Boston's northern suburbs

CB Richard Ellis/New England recently announced it has brokered two industrial leases totaling 224,921 square feet in Tewksbury and Wilmington, Mass. The total value of the transactions was not disclosed. In the first transaction, Eastern Bag & Paper Co. secured a 153,641-square-foot lease renewal and expansion at 65 Sunnyslope Ave. in Tewksbury. The tenant, one of the largest paper distributors in the Northeast, signed a six-and-a-half-year lease with landlord Dividend Capital Trust. The company expanded its space from 99,081 square feet. In the second transaction, landlord GFI Partners signed Draper Laboratory to a 71,280-square-foot lease at One Burlington Road in Wilmington. The tenant, a Cambridge, Mass.-based defense contractor, signed a 15-year lease for warehouse and storage space. CB Richard Ellis/New England is a Boston-based joint venture of CB Richard Ellis and Whittier Partners Group with offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire...