News: Front Section

Cummings Properties signs LexaGene to a new 17,500 s/f lease

Beverly, MA LexaGene Holdings Inc., a biotechnology company that develops instrumentation for pathogen detection, has expanded its operations. Originally based in Vancouver, LexaGene signed a lease for a 17,500 s/f office, lab, and R&D space at 500 Cummings Center, Suite 4550.

The new location includes a level-two biosafety laboratory, which will allow LexaGene to adhere to biocontainment precautions specified by the CDC while testing for pathogens. The space was custom-designed by Cummings’ in-house design and construction teams.

“LexaGene has started ramping up its operations, and we needed to lease a larger space that would support our R&D and manufacturing efforts moving forward,” said Dr. Jack Regan, LexaGene’s CEO. “We also plan to bring on about 20 new employees in anticipation of this growth in the coming months. Beverly and Cummings Center are a particularly ideal location for us, since it allows us to tap into the very talented pool of engineers and scientists in the Boston area.”

“It’s been a distinct pleasure to watch Dr. Regan’s business expand and to assist him with his growing office and lab space needs,” said Will Bernard, account manager at Cummings Properties. “LexaGene is a welcome addition to the thriving biotech cluster at Cummings Center.”

The 2 million s/f campus is home to more than 50 life sciences firms, including North Shore InnoVentures, Qiagen, and Waters Technologies.

LexaGene’s innovative biotechnology includes the “LX6,” which is a pathogen detection platform designed for the food safety, veterinary diagnostics, water quality monitoring, and aquaculture markets.

Cummings Center is one of the North Shore’s largest office parks, and the former site of United Shoe Machinery Corp. Cummings Center houses more than 550 businesses, including corporate headquarters, medical offices, software firms, research laboratories, and micro-businesses. It is also home to the condominiums of Elliott Landing.

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