Tech Target Expands Office by 14,533 SF

NEEDHAM, MA-A “high flying” technical media company has added 14,533 sf of space to its Needham office in a lease that brings Tech Target’s total square footage to 74,606 sf. Mark Roth, with Cushman & Wakefield’s Boston office, tells GlobeSt.com that it is the fourth lese extension signed by the firm since the company moved into the 117 Kendrick St. building in the late ’90s.”They’re a high flying company,” Roth says, noting that the firm has been named one of the fastest growing privately owned companies in Massachusetts. Terms of Tech Target’s recent lease were not disclosed but Roth says it was designed to coincide with the company’s existing lease.

The one-story, 211,555-sf office building is currently 100% leased at rates of about $30 per sf gross. Roth says the property, which lies adjacent to Cutler Lake and has amenities that include walking trails, a picnic area, a full-service cafeteria and a fitness center, commands the highest rent in all of Boston’s suburbs for a single story building because of its location.

The building is owned by Intercontinental Real Estate Corp. and managed by Intercontinental Management, of Brighton, MA. The owner was represented by Roth. James Elcock, with Meredith & Grew, handled the leasing arrangements for the tenant.