May 18, 2023 9:00 AM
Newmark and Nordblom Company arrange two new office and R&D leases totaling 55,975 square feet at Blue Sky Center, a world-class high-tech campus in Burlington, Massachusetts. The new tenants are Nth Cycle, Inc.— a clean-tech, metals processing company whose technology supports the recovery of production-grade critical minerals—and UII America, Inc.— which utilizes AI to develop advanced medical imaging, radiotherapy equipment and medical robotics.
Newmark Senior Managing Director Matt Malatesta, Executive Managing Director Tyler McGrail, Vice Chairman Michael Frisoli and Associate Director Margaret Fee serve as the exclusive leasing agents on behalf of the ownership. Malatesta and Newmark Executive Managing Director Dave Townsend represented UII America, Inc., while Nick Amarante and Mekae Hyde of Hughes Marino represented Nth Cycle, Inc.
Both tenants were driven by recent and future growth and the need to accommodate an expanding, highly skilled workforce. Nth Cycle, Inc. signed a 47,578-square-foot lease on the first floor at 15 Blue Sky Drive and UII America, Inc., relocating from Cambridge, MA, signed a 7,397-square-foot lease on the first floor at 65 Blue Sky Drive.
In addition to Blue Sky Center’s eight buildings—which total 937,042 square feet—a 270,000-square-foot lab building is slated for delivery in Q2 2024, which will house The Broad Institute and Vericel. Additionally, the campus’s 158-acre site can accommodate up to 620,000 square feet of additional new development and its robust existing infrastructure leaves it well positioned to support a wide array of innovation, clean-tech, life-science and corporate office users.
“We are thrilled to welcome two strong innovation tenants, Nth Cycle, Inc. and UII America, Inc., to Blue Sky Center’s campus ecosystem,” said Malatesta. “The ability to scale and attract/retain top tier talent remains a driver in the marketplace, and Blue Sky Center’s robust amenity package, and diverse workspace offerings continue to garner steady leasing activity.”
The business campus features a world-class roster of on-site amenities, including cafes serving breakfast, lunch and a 24/7 grab-and-go menu; a top-of-the-line fitness center; a community vegetable and herb garden; multiple outdoor patios; 28 EV charging stations; a gaming area with pool tables, a bocce court, shuffleboard and arcade games; a putting green; indoor and outdoor basketball shooting courts; a TrackMan golf simulator and more.
About Nordblom Company
Nordblom is a real estate enterprise with a 99-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 office, commercial and multi-family properties in the New England and Carolina markets 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 with offices in Boston, Brookline, and Raleigh, North Carolina, Nordblom has $2 billion in assets under management. For more information, please visit: www.nordblom.com.
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 year ending December 31, 2022, Newmark generated revenues of approximately $2.7 billion. As of March 31, 2023, Newmark’s company-owned offices, together with its business partners, operate from over 170 offices with approximately 7,300 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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