Newmark Faciliates Nearly 85,000 Square Feet of Leased Space at World-Class Office/R&D Campus, Westford Tech Park

April 25, 2024 9:00 AM

Newmark announces it has secured 84,911 square feet of office leases at Westford Technology Park, a premier Class A office and R&D campus in the Route 495 submarket. The transactions included 54,000 square feet of renewals across tenants Nvidia, American Fujikura Limited and Sentry at 2 Westford Technology Park, as well as 31,000 square feet of new leases to Future Electronics and Crown Castle at 1 and 5 Westford Technology Park. The leasing momentum reflects the diversity and resilience of the submarket over the last 12 months.

Newmark Executive Managing Directors Torin Taylor, Richard Ruggiero and Matthew Adams and Senior Managing Director Rory Walsh are the exclusive leasing agents for the property and represented ownership, The Gutierrez Company, a Burlington-based real estate owner and developer.

“Areas like Westford provide the opportunity to build out spaces that fit the needs of blue chip companies and companies that require R&D space,” said Doug Fainelli, Vice President of Operations for The Gutierrez Company. “We built Westford Technology Park with innovation and creativity at the forefront, blending tenant customization and openness with high performing facility infrastructure.”

Spanning one million square feet across 1, 2, 4, 5, 6, 7 and 9 Technology Park Drive, the family-owned and developed asset offers a level of consistency and commitment that is unmatched in the market. Housing tenants such as Akamai, Raytheon Technologies, Johnson Controls, Lockheed Martin Corporation and Nvidia, The Gutierrez Company delivers each space unique to the tenant and their needs to provide a distinct, world-class experience. Tenants enjoy modern facilities and services to enhance their workday, including cafes, fitness centers, a serence park setting and onsite amenities including walking trails, food trucks and tenant events.

Located between Route 110 and Route 495, the property is located 35 miles Northeast of Boston, Massachusetts, providing access to a talented employee base and easy access from Greater Boston and Southern New Hampshire from Route 3 and Interstate 495. The campus provides an unparalleled density of amenities in the submarket, with the area’s top restaurants, retail options, hotels and entertainment within walking distance.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ending December 31, 2023, Newmark generated revenues of approximately $2.5 billion. Newmark’s company-owned offices, together with its business partners, operated from approximately 170 offices with 7,400 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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