News: Front Section

Cusano of Cummings Properties signs enEvolv to 10,000 s/f lease

Medford, MA enEvolv, a biotechnology firm, will open a new and larger laboratory and research office. The 10,000 s/f space is located at 200 Boston Ave., a commercial building operated by Cummings Properties. It will replace enEvolv’s former facility on Morrissey Blvd. in Boston. 

“Boston Ave. is a great location for biotech firms because it’s close to research and academic institutions like Tufts and MIT,” said Cummings leasing officer Steve Cusano, who worked on the transaction with Ellen Cullinan of Freudenheim Partners. “In addition, it’s close enough to the city to offer public transportation and many area amenities, but client firms also benefit from free parking as well as leasing rates that are a third lower than those typically found in nearby Cambridge.”

Steve Cusano, Cummings Properties

 

Ellen Cullinan, Freudenheim Partners

 

“enEvolv is expanding, and this new location offers the company a larger first-class laboratory that it can grow into,” said Cullinan.

enEvolv joins other leaders in life sciences and technology that have offices within Cummings Properties’ Boston Ave.  portfolio, located near I-93 and Rtes. 2, 3, and 60.

Cummings Properties’ portfolio of 11 million s/f of prime space accommodates offices, healthcare facilities, labs, restaurants, retail storefronts, warehouses, co-working spaces, executive suites, and more. With a portfolio of this size and variety, the firm can meet almost any commercial real estate need from 150 square feet to 300,000 square feet. Its in-house experts in design, construction, and property management offer “one-stop shopping” for leasing clients.

enEvolv works with pharmaceutical, nutrition, energy, and specialty chemical companies to engineer microbes and produce bio-based chemicals. The company’s strain engineering platform combines biotechnology with automation to identify the changes in genomes that produce specific results, such as preventing genetically modified organisms from escaping and thriving in the wild. Its co-founder, renowned geneticist George Church, has appeared in media outlets from The Washington Post to “The Late Show with Stephen Colbert.”

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