For immediate release | August 9th, 2021
North Shore Pharmacy Services, LLC Renews 50,000 SF Lease in Centennial Park, Peabody
Peabody, MA – Combined Properties, Inc. is pleased to announce that North Shore Pharmacy Services, LLC, a wholly owned, indirect subsidiary of CVS, has renewed a 50,000 SF lease at Two Technology Drive in Centennial Park, Peabody. Both directly and through subsidiaries like North Shore Pharmacy, CVS provides a broad array of pharmacy-related services to long term care facilities and other customers in the health care environment.
“Two Technology Drive, one of five buildings in our Peabody portfolio, is an excellent fit for North Shore Pharmacy,” said John Pereira, President of Combined Properties. “The Centennial Park area is a hub for many industry leaders including Analogic, Boston Children’s at Peabody, Cardinal Health, and Carl Zeiss. North Shore Pharmacy is right at home in the park.”
“The City of Peabody has done a great job of revitalizing Centennial Park by allowing the park’s zoning to include retail sales and service,” said Greg Regazzini, Senior Vice President and Director of leasing for Combined Properties. “When a business entity makes a real estate decision, they don’t only look at the bricks and mortar but also seek a variety of amenities for their employees and clients. The zoning changes in the park have paid dividends as an array of retail businesses have opened. This has enhanced the park’s appeal to companies seeking great space and a solid mix of amenities.”
Centennial Park is strategically located at the crossroads of Route 128, I-95 and Route 1, and is only 17 miles to Boston and Logan International Airport. Directly off exit 28 on Route 128, the north shore business park offers outstanding convenience for exceptional value.
Christopher Sands of Cushman & Wakefield’s Tampa Bay office was instrumental in executing the renewal of this lease. Regazzini represented the landlord in this transaction.
Combined Properties, Inc. is a full-service investment and development real estate firm specializing in first-class office, R&D, industrial, retail, medical, and multi-family residential properties in communities north of Boston. The Malden-based firm has purchased, developed, and managed more than 2.3 million square feet of space. With in-house experts in planning, permitting, development, architecture, financing, construction, leasing, and property management, our professionals work as a team to provide complete real estate solutions. To learn more about the firm’s comprehensive scope of services and how it is creating better places to live and work, please visit www.combinedproperties.com.