Long-term facility to support expanding Life Sciences operations
Client
- Abcam
Locations
- 152 Grove Street, Waltham, MA
Services Provided
Cresa Team
Space
- 100,000 sq. ft.
Cresa Office
Industry
client objectives and results
See more success storiesClient Objectives
- Engaged Cresa to identify viable real estate options to support expanding R&D and manufacturing operations.
- Sought to consolidate their operations onto 1-2 floors and focus specifically on flex, industrial, and R&D buildings within mixed-use campuses.
- Strongly preferred to stay within the inner-suburban market and be surrounded by like-minded companies in the life sciences community.
Results
- Leveraged Abcam’s desirable tenancy to be the “first in” at a re-purposed flex building in a multi-tenant life sciences campus.
- Secured a long-term facility to expand Abcam’s presence in the Greater Boston life sciences community while achieving below market rents when compared to other campus tenants.
- Achieved cost savings within the first year of the lease by leveraging Abcam’s initial footprint needs in a new facility as well as their future growth plan.
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