EDC TO RELOCATE TO CENTERPOINT IN WALTHAM

WALTHAM, MASS. — Education Development Center (EDC) has announced plans to relocate its corporate headquarters to 120,000 square feet at 43 Foundry Ave. in Waltham, within the CenterPoint park. The nonprofit will occupy the space for a 10-year term beginning in November 2011. Its current headquarters is located approximately one mile away at 55-57 Chapel St. in neighboring Newton, Mass. Mark Roth of Cushman & Wakefield represented the landlord, a joint venture between Trammell Crow Company Acquisition Funds and Saracen Properties, in lease negotiations. Robert Richards, Jonathan Varholak and Ron Friedman of Richards Barry Joyce & Partners represented EDC. This most recent lease brings occupancy at the 23-acre, 500,000-square-foot office/R&D park to approximately 70 percent.