1. 1
Tenant Representation
Case Study
27,911 SF
1 EXECUTIVE DRIVE, CHELMSFORD, MA
CHALLENGE
Structure a lease transaction that would address the company’s immediate space needs as well as
accommodate future growth.
APPROACH
The client wanted to relocate to a higher-end building, at a location that would allow easier employee
recruitment without significantly increasing existing employees’ commutes.
NAI Hunneman selected the best competitive options in the marketplace for an initial tour. After the
client identified its top choices, NAI Hunneman produced an extensive analysis to help examine the
design efficiency and financial implications of each location. After several months of comparing
options, a selection was made.
RESULTS
Tenant signed a sublease and direct lease at the interchange of Route 3, I-495, and the Lowell
Connector. Tenant subleased space and paid a reduced rent on 20,000 SF with the ability to use
27,911 SF for three years (the sublease term). Three additional years were also added at the end of
the sublease term, directly with the Landlord at the full square footage and at a market rate. The
Tenant saves over $1,000,000 during the first three years, which also includes free rent for the first
three (3) months.
303 Congress Street | Boston, MA 02210 | 617 457 3400 | www.naihunneman.com