News: Front Section

Cullinan of Freudenheim arranges 30,000 s/f relocation of Cyprotex

200 Staples Drive - Framingham, MA

Framingham, MA Freudenheim Partners has arranged the relocation and expansion of Cyprotex, an Evotec  company, from 313 Pleasant St. in Watertown to 200 Staples Dr. in Framingham. Cyprotex is more than tripling in size and growing from its current space of 8,000 s/f and will occupy 30,000 s/f on the 1st floor. 

Ellie Cullinan represented the tenant, Cyprotex, while Tyler McGrail of Newmark represented the landlord, Outshine Properties, in the transaction. 

Cyprotex, fully owned by the rapidly growing life science company Evotec, engaged Freudenheim Partners to help them navigate a very complex environment. Due to a rapid expansion of their business in the U.S., they needed to find a facility with the ability to deliver expansive lab space on an ambitious timeline. Beyond the scientific needs, they were also looking for a location that offered the amenities to attract high-quality employees, and they needed the  flexibility to expand as their business continues to evolve.

200 Staples Dr. is a two-story, 60,000 s/f building located in 9/90 Corporate Center near Sanofi Genzyme and other life science industry leaders. The building provides access to major highways and provides MWTA shuttle service to the Framingham Commuter rail station, and is near many area amenities including cafe, daycare, health clubs and hotels. 

“The challenge was finding space that would meet our clients’ needs from a scientific, economic and timing  standpoint as well as offer the option to expand” said Cullinan, executive vice president of Freudenheim Partners. “200 Staples Dr. not only checked those boxes but is in an attractive corporate setting with great area  amenities.”

Dr Craig Johnstone, chief operating officer of Evotec, said “Integrating predictive toxicology and ADME  research into the R&D continuum is a priority for the cost-efficient development of new medicines. Cyprotex’ expansion into a first-class scientific facility in Framingham will benefit both existing and new clients across the US. The co-location of Cyprotex’ offering in proximity to Evotec’s US East Coast sites, especially the sample management facility in Branford, CT, further allows us to drastically reduce turnaround times.” 

MORE FROM Front Section
Front Section

McEvoy of The Conrad Group brokers $2.9 million sale of industrial building

Hingham, MA The Conrad Group  has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Newmark negotiates sale of  10 Liberty Sq. and 12 Post Office Sq.

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,
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty

As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
It’s time to get creative with closed college campuses - by Christian Koulichkov

It’s time to get creative with closed college campuses - by Christian Koulichkov

Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.