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North Shore Pharmacy Services Signs Lease in Peabody

North Shore Pharmacy has secured a 50,000 square foot lease at Centennial Park in Peabody.

Centennial Park, Peabody. Credit: Combined Properties
Centennial Park, Peabody. Credit: Combined Properties

Combined Properties has announced that North Shore Pharmacy Services, LLC, a wholly owned subsidiary of Omnicare, has signed a 50,000 SF lease at Two Technology Drive in Centennial Park, Peabody. Both directly and through subsidiaries like North Shore Pharmacy, Omnicare provides a broad array of pharmacy-related services to long term care facilities and other customers in the health care environment, the company said in a statement.

“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 in the statement. “The Centennial Park area is becoming a hub for many industry leaders including Analogic, Boston Children’s at Peabody, Cardinal Health, and Carl Zeiss. North Shore Pharmacy will be right at home in the park.”

“As part of its commitment to revitalize Centennial Park, the City of Peabody recently changed the park’s zoning to include retail sales and service,” said Greg Regazzini, 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 already paid dividends as several retail businesses have opened. This will further enhance the park’s appeal to companies seeking great space and a solid mix of amenities.”

Centennial Park is 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.

According to the release, Peggy Momper-Duncan of JLL Cincinnati Ohio office, and Peter Richardson and Chris Decembrele of the JLL Boston office were instrumental in executing the Omnicare lease. Regazzini represented the landlord in this transaction.

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