(May 9, 2016) – KBS Real Estate Investment Trust (KBS REIT I), a non-traded real estate investment trust based in Newport Beach, California, announced today the signing of a 175,088-square-foot lease at Rivertech, a Class A property located at 129 Concord Road in Billerica. Entegris, a provider of products and materials used in advanced high-technology manufacturing, renewed its lease.
Located alongside the Concord River, Rivertech is comprised of two, two-story buildings offering 285,772 rentable square feet. The property is near Route 3, which connects suburban Boston’s two major highway loops, I-95 and I-495, and also connects downtown Boston to southern New Hampshire.
Entegris leases the entire building at Rivertech II. The property is a modern, highly functional office/R&D facility that Entegris has called home since 2001.
“We are pleased that Entegris has chosen to once again extend its term at Rivertech,” said Shannon W. Hill, senior vice president at KBS. “Rivertech’s location along the Route 3 corridor is easily accessible from all directions, making it a great option for tenants seeking high quality office/R&D space.”
KBS was represented by Brian McKenzie, John Wilson, James Lipscomb and Kirk Weller of Transwestern | RBJ, and Entegris was represented by Brian Morrissey and Brooks Murphy of JLL.
[button href=”https://kbs.com/wp-content/uploads/2016/05/Rivertech_Leasing_5.9.16.pdf” style=”emboss” size=”medium” color=”#dd3333″ target=”_blank”]Source: KBS[/button]