In this second part of my four part series on the Leominster office market, I want to focus on the Erdman Way
Business Park located across the street from Staples just off Route 12 at the Interchange of Routes 2 and 12.
With a total combined leasable area of close to 120,000 SF, the Longview Corporate Center and the Commerce Place Corporate Center represent two of the five Class A office buildings in Leominster and represent the two largest office properties in the area. In the first part of this series, I highlighted the Woodblock Building and 14 Manning Ave, two of the other Class A office buildings in Leominster.
The Erdman Way Business Park is also home to the Four Points Sheraton Hotel, Bj's Wholesale Club, and The Center for Digestive Wellness. Access to the park is convenient for visitors who can take Exit 31B off of Route 2. Erdman Way is a right turn off of Route 12 at the first set of lights.
Some of the many amenities of the Corporate Centers include on-site professional managment and maintenance services, executive office suites built out to tenant's specific needs, ample parking for employees and guests, and convenient access to the area's services including restaurants, public transportation, shopping, and a first class hotel directly across the street.
Below is a breakdown of the two Corporate Centers:
Longview Corporate Center, 80 Erdman Way
- 53,000 SF Class A Office Building
- Current tenant mix includes several medical users, the Registry of Motor Vehicles, insurance companies, and a mix of other professional businesses.
- Lease Rates typically range from $16/ - $18/SF Gross - A little more for Medical Users
- Fully ADA compliant with dual passenger elevator access to all three floors
- Executive level finishes
- High Speed Internet Service
Commerce Place Corporate Center, 100 Erdman Way
- 60,000 SF Class A Office Building
- Current tenants include MWCC, North Central Mass Career Center, United States Armed Forces Recruiting Center, and several other professional businesses such as attorneys, accountants, and mortgage companies.
- Lease Rates ranging from $16 - $18/SF Gross
- Fully ADA compliant
- Executive level finishes
- High Speed Internet
Unlike downtown properties, the Erdman Way Business Park offers its business clients a different setting with more convenient access to the highway system. Parking at the Corporate Centers can be found in two adjoining on-site parking lots or in a third auxillary parking lot just across Erdman Way. Even though Erdman Way isn't downtown, to get there is a merely a straight shot down Route 12. Access to Erdman Way for clients coming from Fitchburg is just as easy considering Route 12 is one of the major routes residents of Fitchburg must travel to access Route 2.
The park's proximity to UMass Medical Center's Leominster campus (Leominster Hospital as the locals still say) make it a great location for medical users that aren't able to locate their office within the hospital. Nearly half of all tenants at the Longview Corporate Center are currently medical users.
As far as office space goes, the Corporate Centers are considered the flagships of the Leominster market. Originally built in the late 1980's, these two properties have undergone extensive renovations including upgrading to the latest, modern, energy-efficient HVAC systems, ongoing site improvements to improve on and add to the existing parking infrastructure, and ongoing interior upgrades including painting, flooring, and numerous capital improvements.
If you're not fan of the congestion of the downtown, and want to locate to a first class professional building, Erdman Way is the place to be...
In the third installment of this series, I'll focus on the smaller sub-office markets including the Rte 12 corridor from Sterling to downtown Leominster and the Rte 117 corridor from Lancaster to downtown Leominster as well as some of Leominster's Class B & C properties.