News: Front Section
Posted: December 22, 2023
CBRE assists Vaisala in signing 28,000 s/f lease at
GenLabs’ 3 Van de Graaff Dr. in Burlington, MA
Burlington, MA In a transaction arranged by CBRE, Vaisala, which is a global leader in weather, environmental and industrial measurements headquartered in Vantaa, Finland, has inked a 28,000 s/f lease for office and lab space at GenLabs’ 3 Van de Graaff Dr. Vaisala will relocate its U.S. offices from 12 Gill St. in Woburn, Mass., and will occupy part of the first floor of the 320,000 s/f class A life science campus.
The CBRE team of Alex Plaisted, Ryan Romano and Christian Vallis was instrumental in bringing the deal together with Vaisala and ownership, Jumbo Capital and funds managed by Apollo.
“As a global company, Vaisala wanted to update its operations in the highest quality lab space that better matched its image,” said Plaisted. “GenLabs met all of Vaisala’s requirements as one of the premier life science properties in the region, as well as its close proximity to numerous transportation options and amenities in Burlington.”
GenLabs overlooks I-95, one of the most traveled interstates on the East Coast, and is less than five minutes from the Burlington Mall (1.5 miles) and 3rd Ave./Middlesex Tpke., offering a wide variety of restaurants, retail, service and lifestyle options. The campus is a short walk away from Wayside Commons and offers direct MBTA bus access from Van de Graaff Dr. to Boston and Cambridge.
The campus is finalizing its life science conversion at the end of this year, including a brand-new lobby and entrance, as well as onsite amenities. This amenity package includes an updated café, newly created collaboration area and board room, a gaming area with golf simulator, and a new fitness center.
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