Zoll Medical Corp. (NSDQ:ZOLL) isn’t about to pay real estate bubble prices in a bear market, and that’s what’s driving the company’s hunt for new space, according to president Jonathan Rennert.
Rennert confirmed to MassDevice that the company is indeed in the hunt for new digs, saying that Zoll’s been exploring locations in New Hampshire, as reported earlier in the month by the Real Reporter, a newsletter that tracks commercial real estate moves in Massachusetts. The heart of the matter is a looming June, 2011, end date on the company’s current lease in Chelmsford, according to Rennert.