The Town of Westford Massachusetts

 

Westford is a town in Middlesex County, Massachusetts. Originally a part of neighboring Chelmsford, West Chelmsford soon grew large enough to sustain its own governance, officially incorporating as Westford in 1729. In the late 18th and early 19th centuries, Westford primarily produced granite, apples and worsted yarn. Citizens from Westford also had some notable involvement in the Revolutionary War.

By the end of the American Civil War, as roads and transportation improved, Westford began to serve as a residential suburb for the factories of Lowell. Throughout the 20th century, Westford progressively grew, continuing to provide residential housing for the industries of Lowell and, later, Boston.

In the 1960s, the town was home to one of the research sites supporting Project West Ford. By the 1970s, with the advent of the 128 Technology Belt, Westford began to act as a suburb for high-tech firms in Burlington, Woburn and other areas, later becoming a center of technology itself. By the 1990s, Westford was home to offices for Red Hat, Samsung, Seagate, Iris Associates, Visual Solutions and many other technology firms. It is also the North American headquarters for Puma. The leading manufacturer of EEG electrodes, HydroDot Inc., located to Westford in 2007. In addition to rapidly expanding high-tech industries, Westford is characterized by suburban retail and upper-middle class residential areas.

 

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J. Butler Property Management, LLC. : Westford, Massachusetts

As mentioned elsewhere on this website, property managers are typically on the front lines of lease negotiations. If a retailer negotiates the right to cancel its lease based on not achieving a specific sales volume, the tenant should have sufficient time to generate sales above the level that allows for a lease cancellation, e.g., the third or fourth calendar year of operations. This permits the retailer to build its business through several holiday seasons. If the tenant\'s sales exceed the sales kick-out threshold early in the lease, it should not be allowed to cancel if in the future sales drop below this number. The opportunity to exercise the cancellation should be limited to a one-time right during a short period, such as the first two weeks of the January after the year sales fall below the benchmark. The tenant should not be allowed to vacate its premises for 90 to 120 days after the landlord receives cancellation notice. If possible, the landlord should negotiate a cancellation penalty from the tenant, e.g., all unamortized costs for tenant improvements and real estate commissions. Ideally, the right to cancel the lease will be mutual. Typically, the only time a landlord will agree to this cancellation right is if the shopping center is distressed or a retailer is of a significantly higher caliber than the other tenants. This concession may also be necessary to attract tenants that are trendsetters and produce very high sales. These merchants have a following of other retailers who are likely to lease space in the shopping centers they occupy.