News: Front Section

Cummings Properties’ Emerging Technology Centers offer affordable option for early stage firms – 300 West Cummings Park

Cummings Properties has made available incubator laboratory suites at 300 West Cummings Park. Suitable for early-stage technology and life science companies, these labs were designed to meet the growing demand for small-scale laboratory and research space. Cummings Props., founded 40 years ago by Bill Cummings, has a track record of providing support for entrepreneurial companies through flexible and innovative lease arrangements. Its Emerging Technology Centers house growing and established technology firms in six incubator lab clusters in Medford, Woburn, and Beverly. The newest cluster offers lab spaces between 800 and 1,400 s/f, which are equipped with specialized laboratory infrastructure that is necessary for high tech startups, but very costly. With fumehoods, benchwork, utility distribution, and exhaust and make-up air systems already included in the labs, the Emerging Technology Centers are an affordable option for early stage firms. Located adjacent to Rtes. I-95 and I-93, off Washington St., the labs are 15 minutes from the leading educational and research facilities in Boston and Cambridge, and are situated in the heart of the Rte. 128 technology belt. Neighboring companies include Life Technologies, EMD Chemicals, PathoGenetix, Amgen, Becton Dickenson, Thermo Fisher Scientific, and many other national and regional life science firms. The incubator labs are geared toward young companies that are ready to graduate from university labs, but do not need the high lease rates of Boston or Cambridge. “Advances in communication technology, such as video conferencing, Skype, and even social media, mean it is no longer necessary to have lab space next to academic institutions,” said Eric Anderson, Cummings Properties’ vice president of leasing and operations. “Very often, these suburban locations allow scientists to work closer to home, with shorter commutes.” Additionally, because suburban sites are less expensive to rent than their counterparts in the city, more funds can be directed toward research and development. PoroGen, a company that develops and manufactures membrane technology for the separation of liquids and gasses, began in one of Cummings’ 800 s/f cluster labs at 200 Boston Ave. “The space provided everything we needed as a startup,” said Ben Bikson, PoroGen’s president. “Cummings Properties was attuned to our needs, and supported us as we grew and required larger facilities and manufacturing space.” PoroGen occupies 15,000 s/f in two adjacent large facilities at a Cummings site on Gill St. Shown is the interior of an incubator lab equipped with fumehoods, benchwork, utility distribution, and exhaust and make-up air systems.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
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.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary