SofTech Inks lease for New Headquarters In Lowell

Transwestern | RBJ Represents Technology Company in 9,141 SF Lease Agreement

Jan 07, 2014, 19:15 ET from Transwestern | RBJ

BOSTON, Jan. 7, 2014 /PRNewswire/ -- Transwestern | RBJ today announced it represented SofTech, Inc. in a lease for the firm's new 9,141-square-foot headquarters at 650 Suffolk St. in Lowell, Mass. SofTech, a provider of Product Lifecycle Management (PLM) solutions, relocated from nearby 59 Lowes Way. The firm's new building is part of the historic Wannalancit Mills, a 19th century textile mill located alongside the Northern Canal in Lowell.

"We were drawn to the site, not only by the charm of the mill, but also the many amenities the building has to offer, including a fitness center, cafeteria and walking access to downtown Lowell, the Tsongas Center and the University of Massachusetts Lowell Campus," said Michael Richards, information technology manager at SofTech. "We are pleased to be in such a historic building."

"There's an interesting contrast of a high tech company like SofTech occupying a historic mill in Lowell," said James Lipscomb, partner, Transwestern | RBJ. "The mill's brick-and-beam design featuring high windows that let in natural light had a very strong appeal to the company. Lately we have seen a number of technology firms select this type of creative aesthetic versus the more conventional office layout."

Lipscomb, John Wilson, Brian McKenzie and Jared Pimm of Transwestern | RBJ represented SofTech in the lease. The building's landlord, Farley White, was represented internally by Rob Connors.

ABOUT SOFTECH, INC.
SofTech, Inc. (OTCQB: SOFT) is a proven provider of product lifecycle management (PLM) solutions, including its ProductCenter® PLM solution.

SofTech's solutions accelerate productivity and profitability by fostering innovation, extended enterprise collaboration, product quality improvements, and compressed time-to-market cycles. SofTech excels in its sensible approach to delivering enterprise PLM solutions, with comprehensive out-of-the-box capabilities, to meet the needs of manufacturers of all sizes quickly and cost-effectively.

SofTech and ProductCenter are registered trademarks of SofTech, Inc. All other products or company references are the property of their respective holders. www.softech.com

ABOUT TRANSWESTERN | RBJ
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. 

In November 2013, Transwestern acquired Richards Barry Joyce & Partners, creating Transwestern | RBJ. For more information please visit www.transwestern.net/Boston and follow us on Twitter: @TranswesternBOS.

Media Contact:
Dan Foley
508-272-0017
dan.foley@transwestern.net

SOURCE Transwestern | RBJ



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