- Local News
Cisco Commits to Long-Term Lease Renewal for 121,000 Square Feet at Mill & Main Office Campus Outside of Boston
Lincoln Property Company Secures Lease Renewal to Keep Cisco as Anchor Tenant
Lincoln Property Company (“Lincoln”), a global full-service real estate firm, announced that it secured a 121,006-square-foot lease renewal with Cisco at the Mill & Main office campus in Maynard, Mass. The long-term commitment ensures that the worldwide technology leader remains the anchor tenant at the campus following its 2021 acquisition of Acacia Communications, which has been located Mill & Main since 2012. Located 25 miles northwest of Boston, Mill & Main spans 50 acres and includes 1.1 million square feet of creative office space across 10 buildings. The campus was recently acquired by an affiliate of Granite Point Mortgage Trust Inc.
“Mill & Main is a one-of-a-kind work environment, with an ownership group that is committed to protecting the asset’s long-term value, tenant retention and high-quality positioning in the market,” said Chris Devaux, a Vice President with Lincoln. “Our team is pleased to announce this lease, which was a highly collaborative effort with ownership and the tenant in order to maintain continuity for Cisco’s operations, as well as its employees that appreciate all the advantages that Mill & Main offers its valued tenant base.”
Mill & Main provides workspaces for tenants ranging from small businesses to corporate headquarters. Spaces feature large windows, up to 16’ ceilings, unique brick and beam interiors, and power that can support flex and light manufacturing uses. Tenant amenities include an outdoor café, landscaped gardens and common areas, covered parking, security, and pedestrian walkways that provide connectivity to nearby shops, restaurants and entertainment. The building ownership is committed to a significant investment in various upgrades at the campus, including HVAC, electrical and common area projects.
Chris Devaux, Tim Latham and James Tambone of Lincoln represented Mill & Main ownership in the lease negotiations. Cisco was represented by JLL. Lincoln has provided property management and leasing for Mill & Main since 2016.
“Lincoln’s property management team at Mill & Main is committed to maintaining the highest level of service at this unique, multi-building campus. We plan to work alongside the new ownership group to continue providing the highest level of property management service to our mutual tenants, maintaining a world-class office environment,” said Paul Sullivan, a Senior Property Manager with Lincoln.
Mill & Main is accessible to Route 128, Interstate 495 and Route 2, as well as two MBTA commuter rail stations. Additional tenants at the campus include Stratus Technologies, Kuebix, Powell Flute, Wildlife Acoustics and, KVC Builders.
For leasing inquiries, contact the Lincoln team at 617.951.4100 or visit millandmain-lpc.com.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.