Technical Communications Corp. leases 22,747 square feet at the building for office, research and development, and assembly activities. According to the lease, no brokers were involved in this transaction.
The lease extension provides for an initial term of five years from April 1, 2014 through March 31, 2019 at an annual rental payment of $170,602.50. The lease also grants the Company the option to renew for two additional two and one-half year periods at an annual rental payment of $170,602.50.
The lease also includes a right of first refusal in favor of the Company, pursuant to which TCC has the right, but not the obligation, to purchase the property containing the leased premises on the same terms and subject to the same conditions as offered by the landlord to a prospective purchaser.
Built in 1989, 100 Domino Dr in Concord, MA is a 34,800 square foot industrial building situated on 6.56 acres, according to stubblebinecompany.com, which is the source for the photo found on this page.
Technical Communications Corporation (TCC) specializes in designing, manufacturing, marketing and supporting superior-grade secure communications systems and customized solutions and services that protect highly sensitive voice, data and video information transmitted over a wide range of networks.