Spaulding & Slye Colliers has negotiated the lease and sale of 1000-1200 Technology Park Drive, a 139,180-square-foot office and showrooms building in Billerica, Mass.
The Gift & Decorative Accessories Center Association, an organization of manufacturers’ sales agencies, leased the two-story facility as its new permanent headquarters.
Spaulding & Slye Colliers Principal Tamie R. Thompson and SVP Curtis P. Oberg negotiated the lease on behalf of the former owner, Archon Atlantic. Spaulding & Slye Colliers SVPs Philip DeSimone and Daniel Cordeau represented The Gift Center.
Archon Atlantic then sold the property to New Boston Fund for $10.5 million. Spaulding & Slye Colliers Principal Michael G. Smith represented the seller and introduced the buyer in the transaction.
Spaulding & Slye Construction is completing the interior construction for all 50 showroom spaces. The architect for the build-out is Marguiles & Associates.
The buildout consists of the demolition and re-construction of the entire two-story interior. The new space will feature 65 individual display showroom suites, each with a glass wall and sliding door system, carpet, lights and ceilings.
1000-1200 Technology Park Drive is located directly off of Route 3 in Concord Road Technology Park. Building amenities include a cafeteria with a kitchen.
Archon Group is a diversified international real estate services and advisory company founded by The Goldman Sachs Group. Archon is headquartered in Irving, Texas, and has regional offices in Washington, D.C., Houston, Los Angeles, Taipei, Tokyo, Bangkok, Mexico City, Milan, Paris and Seoul.
Spaulding & Slye Colliers is headquartered in Boston. The company is a corporate partner of Colliers International.
Send a comment or news tip to our newsroom.
Please include the headline of the story.
