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News: Front Section
Posted: April 5, 2024
Davis secures 111,119 s/f lease agreement
as anchor tenant at Upton Crossing
Wilmington, MA The Davis Companies (Davis) has entered into a lease agreement with a global medical device company as the first anchor tenant at Upton Crossing, a newly developed industrial campus located at 38 Upton Dr. The confidential medical device company, which is focused on acute critical care and related software, will occupy and entire 111,119 s/f building, representing more than half of the 215,000 rentable s/f of class A industrial/flex space available at the site.
Upton Crossing was designed with class A industrial warehouse specifications and is located off Exit 35 of I-93 North, 18 miles from Logan Airport, offering easy distribution access to the Greater Boston region and across New England more broadly.
“We are thrilled to welcome a new, cutting-edge tenant to the Upton Crossing campus, representing the largest industrial transaction in the North Corridor in over a year,” said Cappy Daume, chief portfolio management officer at Davis. “In collaboration with our design and construction team, we reconfigured this site – which is optimally situated for companies with distribution needs – to provide a more updated and efficient tenant experience. This lease is a testament to the strength of Davis’ expertise in the industrial market and sets the tone for the balance of the campus.”
With 32’ clear-heights, enhanced loading facilities, generous truck courts and robust electrical supply, Upton Crossing is a premier location for companies looking to build out sophisticated and efficient warehouse and distribution space. The recent lease agreement at Upton Crossing is the latest milestone for Davis’ industrial portfolio, which is growing in Massachusetts and across the country.
Davis’s Upton Crossing campus includes five buildings of manufacturing, distribution and research and development space across more than 37 acres. The building was constructed by Jewett Construction in partnership with MA Design. Joe Fabiano, Jamey Lipscomb, Jordan Yarboro and Brian Tisbert of JLL represented ownership and Rachel Marks and Chelsea Andre of JLL represented the tenant in the lease agreement.
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