Lincoln Property Company is pleased to announce that Eckert & Ziegler Radiopharma, Inc. has signed a 40,000-square-foot lease at 25 Upton Drive in Wilmington, MA. LPC’s North Suburban Team of Rob Cronin and Jack Fisher represented the ownership, PGA Realty Company, and directly procured a full-building tenant for the R&D/office property.

Eckert & Ziegler, a publicly traded German-based life sciences company, manufactures radiopharmaceuticals used in cancer treatment and research. The 10-year deal at 25 Upton Drive reinforces Eckert & Ziegler’s aggressive growth strategy and continued commitment to its Greater Boston client base. The biopharma tenant plans to move into their new space in the second quarter of 2020.

“Eckert & Ziegler Radiopharma was the ideal tenant for this flex/lab/office building. With convenient access to Boston at the intersection of I-93 and Route 125, Upton Drive has attracted a cluster of biotech and biopharma manufacturing companies,” said Rob Cronin, Senior Vice President at LPC. “The I-93 corridor is one of the best performing flex industrial submarkets in Greater Boston and has been the beneficiary of the surging market as tenants are forced to move north to find available space and pricing relief.”

The Landlord, PGA Realty Company, is a family-owned-and-operated real estate development firm established in the by the Crocker family in the mid-1960’s. PGA Realty currently owns and manages 300,000 square feet of office, industrial, and flex product north of Boston. Lincoln’s North Suburban Brokerage Team serves as exclusive marketing agent for another PGA property in Wilmington, Upton Crossing, a 256,000 square foot high bay industrial development on Upton Drive. For more information on the project, visit: http://bit.ly/UptonCrossingWilmington.

About Lincoln Property Company

The Boston office of Lincoln Property Company, a national commercial real estate company, provides brokerage, property management, appraisal/valuation and development and project management services to a wide range of clients. In Massachusetts alone, Lincoln Property Company manages over 17 million square feet of commercial space and is responsible for leasing millions of square feet of space every year. For more information on Lincoln Property Company’s Boston office, visit: www.LPCBoston.com.