SALEM, NH – Brooks Properties of Salem, NH recently signed a long-term lease with Dana-Farber Cancer Institute to occupy more than half of the 96,000 square foot building at 5 Branch Street in Methuen, MA. As the Valley Office Park’s anchor tenant, Dana-Farber will be making a substantial investment to expand state-of-the-art cancer care in the Merrimack Valley. Construction has already started on the 48,325 square foot space that Dana-Farber expects to open in early 2020.
“I am very pleased with the Dana Farber announcement,” stated Methuen Mayor Jim Jajuga, who has made economic development a major priority of his first term as Mayor. “This project has the added benefit of providing enhanced medical treatment care options for the residents of Methuen and the Merrimack Valley. It’s a double win for Methuen”.
Methuen’s Valley Office Park is a medical and office campus made up of five buildings, located right off Exit 46 on I-93. With a newly opened restaurant at the front of the campus, new fitness center, easy access and visibility to the highway, walking paths, and on-site daycare, Valley Office Park has attracted many new tenants in recent years. Improvements to the highway have made a major impact on the area as well.
“The City of Methuen has been easy to work with,” said Joe Friedman, President of Brooks Properties, “The highway improvements have made it much easier to attract tenants like Dana-Farber.”
This Dana-Farber lease caps off another successful year for Brooks Properties. The company, founded by Harold J. Brooks, recently completed a new 4-story medical office building in Salem, NH, with another 3-story medical office building currently under construction. They completed just under 60 deals with over 400,000 square feet of real estate transactions in 2018.
Brooks Properties also manages the buildings at 1 Branch Street and 13 Branch Street in Valley Office Park, which both have medical, office and lab space available. The park has had a history of medical tenants including Blue Cross Blue Shield, Massachusetts Eye and Ear, and Steward Holy Family Hospital. Brooks Properties is consistently working to attract established businesses to the Methuen area to drive job growth throughout the Merrimack Valley.
Bob Richards of Cushman and Wakefield represented the tenant and Brooks Properties was represented in house.
ABOUT BROOKS PROPERTIES
Brooks Properties is one of the largest commercial, industrial, and development real estate service providers in Northern Massachusetts and Southern New Hampshire. With locations along Interstate 93 in New Hampshire and Massachusetts, they have attracted many successful companies to the Merrimack Valley area. Over 1.5 million square feet of property allow Brooks Properties the ability to meet the needs of small businesses as well as large. Brooks Properties is committed to developing properties that will enhance the communities that support the Merrimack Valley and Southern New Hampshire by designing and constructing buildings for those seeking quality and convenience.
ABOUT DANA FARBER
Since its founding in 1947, Dana-Farber Cancer Institute has been committed to providing adults and children with cancer with the best treatment available today while developing tomorrow’s cures through cutting-edge research.