First class office/R&D space set on a 54-acre business campus
Cummings Properties, LLC, one of Boston’s most prominent commercial real estate developers, announced today that it has selected CBRE/New England as the exclusive leasing agent for the bucolic commercial campus on Dunham Road in Beverly, MA. The 54-acre campus at 48, 50 and 52 Dunham Road features one of the few remaining developable sites with frontage on Route 128 and is well suited for corporate office/R&D headquarters.
“We are very excited to partner with CBRE/New England on this high-profile new development project,” stated Eric Anderson, Executive Vice President at Cummings Properties. “CBRE/NE’s expertise representing large-scale HQ projects complements our leasing and marketing teams perfectly.”
CBRE/NE’s Mike Ripp and Kerry Hawkins will spearhead the leasing efforts for this assignment, which comprises the pre-leasing of land sites 48 and 52 Dunham Road in addition to the existing lease-up of 50 Dunham Road. The overall development presents opportunities for companies seeking 10,000 to 313,000 RSF spanning three office buildings.
At the center of the campus is 50 Dunham, former headquarters of Parker Brothers and Atari. Leasing at this existing 100,000 SF building has progressed rapidly, with 85,000 SF already occupied. The location is now home to several firms, including Microline Surgical and Green Banana SEO.
Across the drive, adjacent to 48 Dunham Road, is a newly constructed 500-car parking garage, featuring pedestrian bridges serving the campus.
Foundations are complete and utility work is well underway for first class office and R&D buildings at 48 and 52 Dunham Road. These five-story structures will be 144,000 SF and 154,000 SF, respectively.
Both buildings will be state-of-the-art, featuring modern design and finishes, energy-efficient construction, build-to-suit open floorplans, and extensive window lines. 52 Dunham Road will also offer picturesque pond views.
“We are excited to be collaborating with Cummings,” added CBRE/NE’s Ripp. “Dunham Road offers a remarkable and rare opportunity at a highly desirable Route 128 location. Client firms will enjoy superb access, ample parking, and a beautiful wooded site with pond views, in addition to nearby amenities.”
About Cummings Properties
Cummings Properties' 10 million square feet of prime space accommodates offices, healthcare facilities, laboratories, 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.
About CBRE/New England
CB Richard Ellis – N.E. Partners, LP, a joint venture with CBRE Group, Inc. has offices in Massachusetts, Connecticut, Rhode Island, Maine and New Hampshire. Please visit our website at www.cbre-ne.com. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The company has approximately 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
