News: Front Section
Posted: September 16, 2022
BioEcho Life Sciences GmbH signs 3,800 s/f lease at Cummings Property’s TradeCenter 128
Woburn, MA BioEcho Life Sciences GmbH, an international biotechnology firm, is opening its first office in the United States at Cummings Property’s TradeCenter 128. The Germany-based company is leasing 3,800 s/f of office and laboratory space.
BioEcho develops and manufactures kits for DNA and RNA extraction. Its products are used in COVID testing, plant and animal breeding and research, and biopharmaceutical research and development.
Founded in 2016, the firm reports that its EchoLUTION technology enables the fastest DNA and RNA extraction on the market and reduces the associated plastic consumption by up to 70 percent.
“BioEcho is thrilled to join the hub of life sciences firms already at TradeCenter 128,” said Markus Muller, founder and managing director of BioEcho. “Our new Woburn office is very close to Boston, but costs far less than leasing in the city. With this being our first U.S. location, we felt very comfortable working with Cummings, which has a long track record in the area. The Woburn location is an ideal site for our commercial team which will use the offices as well as the demo lab at TradeCenter.”
Other biotech firms located at TradeCenter 128 include Batavia, Axial Therapeutics, Cambridge Polymer Group Inc., Sanegene Bio, Alloplex Biotherapeutics, Spear Bio, and Molecular Loop Biosciences.
Senior director Rob Yacobian of Cummings worked on the lease with BioEcho.
“BioEcho required a space that would allow them to continue to demonstrate and commercialize its DNA and RNA extraction technology and products here in the States,” Yacobian said. “TradeCenter 128, with its large presence of similar uses, and the ability for Cummings to perform design and construction in house, is an ideal place for life science firms with various office space needs.”
TradeCenter 128 directly fronts I-95 at just one mile away. Anchored by Middlesex County Superior Court, it offers first-class fully built out and build-to-suit space for a wide range of commercial uses, including corporate offices, laboratories, healthcare facilities, retail storefronts, and executive suites. The campus features numerous amenities, including Strega Italiano restaurant, a day care center, dry cleaner, hair salon, and multiple banks and fitness services.
Tags:
Front Section
MORE FROM Front Section
Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
.png)
Columns and Thought Leadership
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
