Rare life science lab space available in airtight market in Needham

Cushman & Wakefield is pleased to announce that Davis Marcus Partners has leased 27,671 square feet of office and lab space at 115 4th Ave. in Needham, MA. Cantel Medical, a leading provider of infection prevention products and services in the healthcare market, leased approximately 15,000 sf. BioPorto, an in-vitro diagnostics company that provides healthcare professionals in clinical and research settings a range of diagnostic tests and antibodies, leased 7,479 sf. in the building. Syniti (formerly BackOffice Associates), a Massachusetts-based software and services company, also leased 5,192 sf. of space.

Corporate neighbor TripAdvisor has been an early entrant to this area, with companies like Shark Ninja and NBC Universal following. There has recently been a surge of bio-tech companies joining the scene. Situated right along the new Route 128 off-ramp and within walking distance to an amenities-filled retail and residential area on Needham Street, the property is ideal for both commuters and area residents. With the Upper Falls Greenway, Charles River and Cutler Lake only a two-minute walk away, tenants can enjoy access to kayak rentals, biking, and walking trails. The building is also five minutes to the Needham Heights Commuter Rail Station and seven minutes to the Newton-Highlands Green Line Station.

The Class-A building has made numerous site improvements including a new tenant lounge with LeanBox grab-n-go food service, a new fitness center with showers, new outdoor patio, and a new move-in-ready spec suite of approximately 5,067 sf. on the second floor.

“We are thrilled to have these three new tenants at 115 4th Ave,” said Matthew Katz, VP of Asset Management. “The improvements to the building and location make this a coveted spot for the contemporary office user.”

Cushman & Wakefield has also been hired to market 48,000 sf. of lab and office space on the first floor in 2020, which includes a state-of-the-art vivarium for live animals on-site.

“This property is a rare find in the current market with the ability to accommodate such a wide variety of office, R&D and Life Science uses said Rob Byrne, managing director at Cushman & Wakefield. “The convenient location near a multitude of retail, dining and other amenities has also already appealed to firms looking at the mixed-use lab and office space on the first floor.”

The Cushman & Wakefield team involved in the leasing includes Managing Director, Rob Byrne and Associate, Elizabeth McLaughlin.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.