According to Cushman & Wakefield, Cogentix Medical signed a ten-year lease for a 24,400 s/f, single-story, clean manufacturing facility at 135 Flanders Rd. Cushman & Wakefield executive vice president J.R. McDonald, director Matt Morgan and associate Tyler McGrail represented the tenant, Cogentix Medical, and brokered the transaction.
Cogentix Medical is scheduled to begin occupancy in August. The landlord was represented by CBRE's Bob McGuire and Alison Powers.
135 Flanders Rd. is situated within Flanders Park, a four-building industrial park comprising 105,500 s/f of office and R&D space. The property is located off I-495 and close to I-90.
Cogentix Medical, a global medical device company, will use the property for the manufacturing of its EndoSheath technology, a state-of-the-art protective microbial barrier used for endoscopies. Formed by the March merger between Minnetonka-based Uroplasty and New York-based Vision-Sciences medical device manufacturers, Cogentix Medical will relocate from its current facility based in Natick, Mass.
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 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!
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 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