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HTS Engineering to Lease 18,581 SF in Centennial Park, Peabody

November 2016:

Combined Properties, Inc. is pleased to announce that HTS Engineering has signed a 18,581 SF lease at One Corporation Way in Centennial Park, Peabody. HTS is one of the largest independent built-to-order commercial and industrial full service HVAC manufacturer’s representatives in North America.

“One Corporation Way, one of five buildings in our Peabody portfolio, is an excellent fit for HTS Engineering,” said John Pereira, president of Combined Properties. “The Centennial Park area is becoming a hub for many business leaders including Analogic, Boston Children’s at Peabody, Cardinal Health, and Carl Zeiss. HTS will be right at home in the park.”

Founded in 1992 with 16 locations in Canada and the United States, HTS has grown significantly over the years. HTS credits its impressive growth and market share to a steadfast commitment to the shared success of all the individuals involved in the design, selection, installation and maintenance of the right HVAC solution for each project. “We are excited to become part of the Centennial Park community. Combined Properties has been great to work with, providing us with a short term lease pending the completion of our new headquarters at One Corporation Way,” said Peter Foss, principal, HTS New England.

“We are very pleased to welcome such an innovative company to our portfolio of tenants and look forward to serving their needs for years to come,” added Combined Properties President John Pereira.

Centennial Park is strategically located at the crossroads of Route 128, I-95 and Route 1, and is only 17 miles to Boston and Logan International Airport. Directly off exit 28 on Route 128, the business park offers users outstanding highway access.

Tamie Thompson, a Managing Director of the JLL Boston office represented the tenant. Greg Regazzini of Combined Properties, Inc. represented the landlord in this transaction.


Carl Zeiss Microscopy Renews 43,496 SF Lease at One Corporation Way, Peabody

February 2016:

Combined Properties, Inc. recently announced that Carl Zeiss Microscopy, a pioneer in electron and ion beam microscopes, has renewed its lease at One Corporation Way, Centennial Park, Peabody, Massachusetts for 43,496 square feet. One Corporation Way has served as Carl Zeiss’s North American headquarters since 2007.

Carl Zeiss Microscopy specializes in industry-leading microscopes including scanning electron, transition electron, and helium ion microscopes for nanotechnology research and development. The company offers highly versatile application solutions for material analysis and life science, a broad technology portfolio, regional demo centers, and global customer support together with an extensive network of authorized dealers.

“The space has proven to be a terrific fit, with its infrastructure, atmosphere, and strategic location serving us very well,” said a Zeiss spokesperson.

The state-of-the-art facility is owned and managed by Combined Properties, a full-service investment and development real estate firm specializing in commercial and multi-family residential properties north of Boston. Centennial Park, the North Shore’s premier business park, provides an ideal atmosphere for R&D, bio-tech, technology, medical, and related uses. Seventeen miles from Boston, it offers unbeatable proximity to the highway with easy access to Routes 128, 95, and 1. Additional spaces in Centennial Park are available for lease.

“We are proud that Carl Zeiss has found success in Centennial Park and look forward to continuing our relationship,” said John Pereira, president of Combined Properties. “This renewal affirms that the first-class properties in our Peabody portfolio continue to facilitate the needs of world-class companies like Carl Zeiss and its Centennial Park neighbors.”

Greg Regazzini, Vice President and Director of Leasing for Combined Properties, represented the landlord. Tamie Thompson of JLL represented Carl Zeiss Microscopy.

Converge Renews 72,288 SF Lease at 4 Technology Drive in Centennial Park, Peabody

October 2015:

Combined Properties, Inc. is pleased to announce that Converge has renewed its 72,288 square foot lease at 4 Technology Drive, a first-class office/R&D building in Centennial Park, Peabody. With locations all over the world, Converge has operated its corporate headquarters at this Peabody location since 2000.

Converge, a subsidiary of Arrow Electronics, is a premier global supply chain partner for technology-driven companies and an independent distributor of electronic components. It specializes in industries including computer and peripherals, consumer electronics, home energy, industrial automation, and telecommunications.

“Fifteen years ago, Converge selected 4 Technology Drive to serve as its corporate headquarters because of the property’s outstanding features, location, and surrounding amenities,” said John Pereira, president of Combined Properties.  “Four Technology Drive is both functional and beautiful and we’re pleased that it continues to serve Converge’s property needs.”

In addition to recent renewals, Combined Properties has seen an increase in new tenant activity in Centennial Park, Peabody in the past year.

“A wide array of cutting edge companies are showing interest in Centennial Park,” said Greg Regazzini, vice president and director of leasing. “Companies recognize that this is an outstanding location and that our properties are attractive and well maintained. Likewise, with the city of Peabody changing the zoning in Centennial Park to include retail uses we have witnessed a significant influx of retail sales and services come into the park. We expect this increase in activity to be a trend that continues.” Technology Drive is only 20 minutes from downtown Boston, Logan International Airport, and has direct highway access.

Regazzini represented Combined Properties in this transaction. Jeremy Roy and George Nugent of Newmark Grubb Knight Frank represented the tenant.