QUINCY, Mass., Sept. 13, 2016 /PRNewswire/ -- The Vazza Real Estate Group, a commercial real estate services, development and investment firm based in Boston, Massachusetts, has extended the lease term with AMD Global Telemedicine at its 321 Billerica Road Chelmsford, MA property. Vazza recently acquired the 72,056 square foot building for $6.2 million and looks to stabilize the asset by taking a more proactive leasing approach and making capital improvements to the lobby and exterior of the building. The building is multi tenanted and includes such tenants as Biscom, and West Suburban Eye Surgery Center.
"We are thrilled that we could extend the lease term with AMD Global Telemedicine," said Stephen Vazza, President of the Vazza Real Estate Group. "AMD Global Telemedicine has been a tenant in the building since 2010. We felt it was important to keep AMD Global as a tenant in the building and we worked closely with them and the brokerage team to structure a solid long-term lease renewal for all parties". "Since acquiring the asset we have signed a 15 year, 7,816 square foot lease with West Suburban Eye Surgery Center, and extended the term for AMD Global's 13,500 square feet. In addition, we have a signed Letter of Intent for another 10,500 square feet. "Suburban office is very competitive and we are willing to do what it takes to not only work with our current tenants but prospective tenants as well." Vazza went on to say.
The Vazza Real Estate Group aims to leverage its operating platform and geographic presence by acquiring additional assets and creating value. The Vazza Real Estate Group is based in Quincy, Massachusetts and has acquired 15 commercial assets within the last 12 months.
321 Billerica Road, Chelmsford, MA is currently being marketed by Tim Brodigan from Colliers International. Questions for the building owner can be emailed to Derek Holt at firstname.lastname@example.org.
About The Vazza Real Estate Group
The Vazza Real Estate Group is a full service commercial real estate company. The Vazza Real Estate Group has developed in excess of 3,500 residential units and over 5 million square feet of commercial, industrial, self-storage, and retail in Boston, New Hampshire, Maine, Ohio, Arizona and Florida. For more information, visit www.vazzareg.com.
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SOURCE The Vazza Real Estate Group