23 Jun Condyne Executes 60,400 Square-Foot Lease with Tosca Services, LLC in Bluestar Business Park
Condyne Capital Partners, LLC announced that it has executed a new long-term lease between tenant Tosca Services, LLC and landlord Leonard Street B5 Owner LLC within the Bluestar Business Park at 19 Leonard Street in Norton, MA.
Tosca Services is a global leader in reusable plastic packaging containers, crates, and pallets for the food supply chain. This organization offers cost savings by using multi-use plastics to eliminate waste rather than using corrugated wood or foam containers. Through its wash process, Tosca maintains the ISO 22000 certification for food safety management and ISO TS 220002-4 certification for food safety hazards in manufacturing or servicing of food packaging. This location will function as a wash and service center, enabling Tosca to support its New England customers with increased availability and more service.
Tosca will be an occupant in Building No. 5 where the organization will utilize 60,400 square-feet for its operations. The lease is set to commence in August 2021 with a 1,500 square-foot office including conference room, breakrooms, and restrooms. In addition to the office space the site will be outfitted with an automated processing line for its washing system, shop and parts rooms, LED motion sensor lighting, ESFR sprinkler system as well as gas and process piping throughout.
Real Estate Brokers: John Lashar and Danielle Simbliaris, of CBRE, represented the landlord while Louis Pascuzzi of Newmark Knight Frank represented the tenant. Financing was organized through Middlesex Savings Bank.
Bluestar Business Park and the new Tosca service center is conveniently located in the Southeastern submarket of Boston off Route 495. Phase I of Bluestar Business Park is Condyne’s newest development comprising of 445,000 SF of modern high bay fulfillment centers serving todays E-Commerce market. Condyne Capital Partners, LLC is a vertically integrated development firm providing design, construction, asset management and property management services throughout the Northeast. The firm has developed in excess of 20 MSF of primarily industrial properties since its inception with a concentration in high bay fulfillment, multi temperature cold storage, food production and manufacturing space.