Raytheon Signs Long-Term Lease For 600 Employees In Tewksbury

TEWKSBURY, MA — Raytheon signed a long-term leaser ths month for 134,000 square feet spread over two floors at the Center at Innovation Drive. The 700,000-square-foot office complex is the former Wang Laboratories headquarters. Raytheon will house 600 workers in the complex.

Raytheon also has an option to expand into an additional 135,000 square feet of space spread over a single floor in the complex, which is operated by Rubenstein Partners LP. The recently redesigned Center at Innovation Drive property, formerly known as 495 Business Center, includes four conjoined buildings located at 200, 300, 400 and 500 Innovation Drive. Rubenstein recently completed a state-of-the-art interior and exterior renovation plan throughout the entire campus.

"Raytheon is a technology and innovation leader and we're extremely pleased to announce their new long-term lease at the Center at Innovation Drive," Peter Gottlieb, Senior Vice President at Rubenstein, said in a statement. "By repositioning the Center at Innovation Drive campus, we were able to unlock its hidden value. The campus is a special, differentiated offering in the market, and we are pleased to partner with cutting-edge tenants like Raytheon."

Dave Copeland can be reached at dave.copeland@patch.com or by calling 617-433-7851. Follow him on Twitter (@CopeWrites) and Facebook (/copewrites).