Located along Routes 128, 93 and 1 with direct access to the interchanges of Route 95 and 16, the North market offers a suburban setting proximate to the thriving Boston and Cambridge economies. Once a primarily industrial region, the North now has a more diverse cluster of service and technology companies as well. Additionally, Boston’s North suburbs allow area businesses to benefit from Greater Boston’s and well as Southern New Hampshire’s diverse and highly educated labor pools. The North market consists of the following towns: Beverly, Danvers, Everett, Lynnfield, Malden, Medford, North Reading, Peabody, Reading, Saugus, Somerville, Stoneham, Wakefield, Wilmington, Winchester, and Woburn
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Leasing activity in the North submarket was limited to a handful of small and mid-sized tenants during the second quarter. With three years remaining on its lease, Crowe Paradis renegotiated its lease with landlord, TIAA-CREF. The company was allowed to terminate its lease at 500 Edgewater Drive in Wakefield so that it could relocate and expand into a new headquarters at 101 Edgewater Drive in Wakefield. TIAA-CREF is the owner of both properties. Crowe Paradis will occupy 26,616 square feet which represents an expansion of approximately 12,000 square feet. In an unrelated transaction, Crowe Paradis Services Corporation, a wholly owned subsidiary of Crowe Paradis, executed a six year direct lease into 41,200 square feet at 400 RiverPark Drive in North Reading. The company relocated its call center from 55 Ferncroft Road in Danvers. Finally, Mt. Vernon Group Architects relocated into 16,000 square feet at 30 Harvard Mill Square.
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LEASE
Crowe Paradis Services Corporation
400 RiverPark Drive,
North Reading
41,200 s.f.
Relocation
Crowe Paradis
101 Edgewater Place,
Wakefield
26,616 s.f.
Relocation
Mount Vernon Group Architects
30 Harvard Mill Square, Wakefileld
16,000 s.f.
Relocation
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