News: Front Section
Posted: June 17, 2016
Calare Properties leases 40,000 s/f of industrial/flex space to OMNIlife science, Inc.
Raynham, MA Calare Properties (Calare) has leased 40,000 s/f of industrial/flex space to OMNIlife science, Inc. (OMNI) at 480 Paramount Dr. OMNI will relocate from its current location in East Taunton, and occupy 100% of the building, which will serve as the medical technology company’s new headquarters. Steve Clancy, executive vice president/partner of CBRE/New England’s industrial team, represented OMNI.
480 Paramount Drive - Raynham, MANotably, this long-term lease transaction occurs within months of Calare acquiring 480 Paramount Dr. in Q4 of 2015. The industrial/flex asset provides a highly-efficient working environment and is equipped with 20’ clear ceiling heights, eight tailboard doors, and 111 surface-level parking spaces. The building was originally constructed in 2004 and leased to a national tenant for an eight-year term, but never occupied, preserving its pristine condition.
“Leasing the entirety of 480 Paramount Drive so quickly after purchasing the facility is a testament to our ability to identify premier acquisition opportunities and execute a strategic leasing plan,” said Bryan Blake, president of Calare. “Our hands-on ownership and property management teams will work closely with OMNI to get their new headquarters up and running, and we look forward to forging a strong relationship with the respected medical technology company.”
Located within the Route 495 South submarket, 480 Paramount Dr. provides immediate access to Rte. 44 at Rte. 24. Additionally, the building is situated near the Raynham Woods Commerce Park, a 330-acre campus featuring a mix of retail and industrial users, numerous upscale restaurants, and premier shopping opportunities.
“480 Paramount Dr. offered a premier home for OMNI’s new headquarters, featuring state-of-the-art systems, fixtures, and distribution components,” said Rick Randall, president and CEO of OMNI. “We are confident that the space will allow us to continue our growth and we look forward to working with a knowledgeable ownership group like Calare.”
OMNI is a Massachusetts-based hip and knee implant replacements engineering, manufacturing, and distribution support company, and is focused on providing cutting-edge technologies to improve patient care.
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