Blue Sky Center to Serve as New Headquarters for Medical Technology Innovator Pramand

August 20, 2025 9:00 AM

Photo Credit: SMMA

Newmark announces the Company has arranged a 41,411-square-foot top-floor lease for medical technology company Pramand at Blue Sky Center, a world-class office/R&D campus in Burlington, Massachusetts. This move marks the Pramand’s relocation and expansion of its corporate headquarters from Bedford, Massachusetts.

Newmark Senior Managing Director Matthew Malatesta, Executive Managing Director Tyler McGrail, Vice Chairman Michael Frisoli, Associate Director Eric Jeremiah and Associate Connall Chamberlain represented building ownership, a joint venture between Nordblom Company and a global real estate private equity firm, in lease negotiations.

“This lease highlights the strong demand from innovative companies seeking premier work environments,” said Malatesta. “Ownership’s investment at Blue Sky Center reflects a clear vision to create a workplace destination that fosters collaboration and long-term tenant success, and Pramand’s relocation affirms that strategy.”

Ownership recently implemented a $10 million capital improvement program at the campus that will deliver a 40,000-square-foot, state-of-the-art amenity hub designed by architecture firm SMMA. Slated to debut in late Q3 2025, the hub will serve as a vibrant destination designed around collaboration and community, reinforcing Blue Sky Center’s position as an unmatched workplace environment in the market.

Pramand’s commitment comes on the heels of a 36,000-square-foot lease that Newmark arranged with Myomo, another medical technology company specializing in robotics, which signed at 45 Blue Sky and is completing its move-in this summer. Together, these transactions underscore the strong demand for modern, amenity-rich environments at Blue Sky Center.

“Workplace amenities used to be a box-checking exercise, but with individuals now having increased power of choice as to how and where they spend their time, we need to be hyper-focused on the employee experience,” said Crosby Nordblom, Executive Vice President at Nordblom Company. “People want a unique work environment that elevates their productivity and enhances their well-being through thoughtfully designed spaces and programming.”

Blue Sky Center features 1.2 million square feet of premier office, R&D, lab and GMP space. Six of the buildings are connected by secure enclosed walkways and the campus’s amenity hub. Highlights include a new fitness center, a 200-person conference center, an expansive activity center and expansive green spaces. The campus also benefits from proximity to Third Avenue and a high-end lifestyle retail center that abuts the campus, providing tenants with an unmatched depth of amenity offerings.

CBRE’s Jon Varholak and Perry Beal represented the tenant in lease negotiations.

About Nordblom Company
Nordblom is a real estate enterprise with a 100+ year history of investing, managing, and developing properties throughout the New England region and select markets across the country. The company currently owns and manages R&D, life science, retail, office, and multi-family properties across New England and is committed to creating dynamic work and living environments that further the quality of life for the people who occupy its properties. Headquartered in Burlington, MA, Nordblom has $2 billion in assets under management. For more information, please visit: www.nordblom.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.