Cassidy Turley FHO, a leader in the commercial real estate services field with extensive experience in the greater Boston office market, today announced a 91,649-square-foot lease renewal, extension and expansion at 900 Middlesex Turnpike, Building 6 in Billerica for Tokyo Electron U.S. Holdings, Inc. Tokyo Electron,a leading global supplier of semiconductor production equipment is increasing its footprint by 52,683-square-feet.
Founded in 1963, Tokyo Electron is an international company that provides products and services to a wide range of customers throughout the United States, Europe and Asia. The company leverages specialized technologies developed for the semiconductor production equipment market to engage in the area of flat panel display (FPD) production equipment. The company has an additional Billerica location at 37 Manning Road. The secondary Massachusetts site is responsible for supplying gas cluster icon bean technologies.
“Tokyo Electron continues to make significant technological advancements and 900 Middlesex Turnpike is an ideal location to support the firm’s continued growth.” said Michael Dalton, Senior Managing Director, Principal at Cassidy Turley FHO. “We were pleased to help Tokyo Electron secure an attractive lease extension and expansion package, working in partnership with The Gutierrez Company.”
Dalton represented Tokyo Electron in the transaction. The Gutierrez Company, the property’s landlord, represented its interests in the transaction.
“We are excited to retain an industry leading tenant like Tokyo Electron at 900 Middlesex Turnpike,” said Lisa Tarricone, Leasing Manager at The Gutierrez Company. “This transaction speaks to the benefit of doing business in Billerica which continues to be an excellent destination for growing technology companies.”
Built in 1981, 900 Middlesex Turnpike is a master planned office park with easy access to both Middlesex Turnpike and Route 3. The property contains six buildings, totaling 446,526-square-feet and offering amenities such as numerous hotels, restaurants and retail centers such as the Burlington Mall.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,600 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
About Tokyo Electron
Tokyo Electron Limited, established in 1963, is a leading supplier of innovative semiconductor and FPD production equipment worldwide. Product lines include coater/developers, oxidation/diffusion furnaces, dry etchers, CVD systems, surface preparation systems, gas cluster ion beam technologies, and test systems. To support this diverse product base, TEL has strategically located research & development, manufacturing, sales, and service locations all over the world. TEL is a publicly held company listed on the Tokyo Stock Exchange. More information about TEL is available at www.tel.com.
About The Gutierrez Company
The Gutierrez Company is a real estate development firm offering a full spectrum of services, including site selection, financing, master planning, design coordination, project management and property management. With experience developing more than nine million square feet of space throughout New England, the company currently owns and manages more than four million square feet of building space and controls/owns land to develop another ten million square feet of space. For more information on the company, visit www.guttierezco.com.
Linda M. McDonough