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Boston-Based Developer Announces Completion of Phase I at World-Class Advanced Manufacturing Campus 44 Middlesex

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Camber Development and Wheelock Street Capital have completed Phase I of 44 Middlesex, a world-class advanced manufacturing campus in Bedford, Massachusetts. The first of two 147,000-square-foot buildings has been delivered, offering unmatched advanced manufacturing and biomanufacturing spaces. Newmark has been retained as the exclusive leasing agent.

Phase II, set to begin construction in 2025, will deliver a second 147,000-square-foot building, targeting completion in 2026. The campus totals 294,000 square feet and boasts impressive specifications, including 8,600 Amps of power, 36' clear heights, and robust structural capacity. Each building features a 105,000-square-foot ground floor and a 42,000-square-foot mezzanine.

Located in Bedford's innovation hub, 44 Middlesex offers proximity to talent pools, retail centers, and dining options, making it an attractive location for life science manufacturing and R&D users.

Camber Development e Wheelock Street Capital hanno completato la Fase I di 44 Middlesex, un campus di fabbricazione avanzata di livello mondiale a Bedford, Massachusetts. Il primo dei due edifici da 147.000 piedi quadrati è stato consegnato, offrendo spazi per la fabbricazione avanzata e la biomanifattura senza pari. Newmark è stato incaricato come agente di locazione esclusivo.

La Fase II, che inizierà la costruzione nel 2025, porterà alla realizzazione di un secondo edificio da 147.000 piedi quadrati, con completamento previsto per il 2026. Il campus totale è di 294.000 piedi quadrati e vanta specifiche impressionanti, tra cui 8.600 Ampere di potenza, altezze libere di 36' e una robusta capacità strutturale. Ogni edificio dispone di un piano terra di 105.000 piedi quadrati e un mezzanino di 42.000 piedi quadrati.

Situato nel polo dell'innovazione di Bedford, 44 Middlesex offre vicinanza a bacini di talenti, centri commerciali e opzioni di ristorazione, rendendolo un luogo attraente per la fabbricazione e la ricerca & sviluppo nel settore delle scienze della vita.

Camber Development y Wheelock Street Capital han completado la Fase I de 44 Middlesex, un campus de fabricación avanzada de clase mundial en Bedford, Massachusetts. Se ha entregado el primero de dos edificios de 147,000 pies cuadrados, ofreciendo espacios incomparables para la fabricación avanzada y la biomanufactura. Newmark ha sido contratado como el agente de arrendamiento exclusivo.

La Fase II, que comenzará la construcción en 2025, entregará un segundo edificio de 147,000 pies cuadrados, con un objetivo de finalización en 2026. El campus tiene un total de 294,000 pies cuadrados y cuenta con especificaciones impresionantes, incluyendo 8,600 Amperios de potencia, alturas libres de 36' y una robusta capacidad estructural. Cada edificio cuenta con un piso inferior de 105,000 pies cuadrados y un entrepiso de 42,000 pies cuadrados.

Ubicado en el centro de innovación de Bedford, 44 Middlesex ofrece proximidad a grupos de talento, centros comerciales y opciones gastronómicas, lo que lo convierte en un lugar atractivo para la fabricación de ciencias de la vida y usuarios de I+D.

Camber Development와 Wheelock Street Capital는 매사추세츠주 베드포드에 위치한 세계적 수준의 첨단 제조 캠퍼스인 44 Middlesex의 1단계를 완료했습니다. 147,000제곱피트 크기의 건물 두 개 중 첫 번째 건물이 제공되었으며, 비할 데 없는 첨단 제조 및 생명공학 제조 공간을 제공합니다. Newmark는 독점 임대 대리인으로 선정되었습니다.

2025년에 건설이 시작될 2단계에서는 두 번째 147,000제곱피트 건물이 제공되며, 2026년 완공을 목표로 하고 있습니다. 이 캠퍼스는 총 294,000제곱피트 규모로, 8,600암페어의 전력, 36피트의 클리어 높이 및 견고한 구조 용량을 포함하여 인상적인 사양을 자랑합니다. 각 건물은 105,000제곱피트 규모의 1층과 42,000제곱피트 규모의 메자닌을 갖추고 있습니다.

베드포드 혁신 허브에 위치한 44 Middlesex는 인재 풀, 소매 센터 및 식사 옵션에 가까워 생명 과학 제조 및 연구 개발 사용자에게 매력적인 장소입니다.

Camber Development et Wheelock Street Capital ont finalisé la Phase I de 44 Middlesex, un campus de fabrication avancée de classe mondiale à Bedford, dans le Massachusetts. Le premier de deux bâtiments de 147 000 pieds carrés a été livré, offrant des espaces inégalés pour la fabrication avancée et la biomanufacture. Newmark a été retenu en tant qu'agent de location exclusif.

La Phase II, qui doit débuter sa construction en 2025, livrera un deuxième bâtiment de 147 000 pieds carrés, visant une achèvement en 2026. Le campus totalise 294 000 pieds carrés et se vante de spécifications impressionnantes, incluant 8 600 Ampères d'électricité, des hauteurs libres de 36 pieds et une capacité structurale robuste. Chaque bâtiment dispose d'un rez-de-chaussée de 105 000 pieds carrés et d'un mezzanine de 42 000 pieds carrés.

Situé dans le pôle d'innovation de Bedford, 44 Middlesex offre une proximité avec les bassins de talents, les centres commerciaux et les options de restauration, ce qui en fait un lieu attrayant pour la fabrication des sciences de la vie et les utilisateurs de R&D.

Camber Development und Wheelock Street Capital haben Phase I von 44 Middlesex abgeschlossen, einem weltweit führenden Campus für moderne Fertigung in Bedford, Massachusetts. Das erste von zwei Gebäuden mit einer Fläche von 147.000 Quadratfuß wurde übergeben und bietet unvergleichliche Räume für moderne Fertigung und Biomanufacturing. Newmark wurde als exklusiver Vermietungsagent eingesetzt.

Phase II, deren Bau 2025 beginnen soll, wird ein zweites Gebäude mit 147.000 Quadratfuß liefern, dessen Fertigstellung für 2026 angestrebt wird. Der gesamte Campus umfasst 294.000 Quadratfuß und bietet beeindruckende Spezifikationen, darunter 8.600 Ampere Strom, eine Deckenhöhe von 36 Fuß und eine robuste Tragfähigkeit. Jedes Gebäude verfügt über ein Erdgeschoss von 105.000 Quadratfuß und ein Mezzanin von 42.000 Quadratfuß.

Im Innovationszentrum von Bedford gelegen, bietet 44 Middlesex Nähe zu Talentpools, Einzelhandelszentren und Gastronomie, was es zu einem attraktiven Standort für die Fertigung in den Lebenswissenschaften und Forschungs- und Entwicklungseinrichtungen macht.

Positive
  • Completion of Phase I, delivering 147,000 square feet of advanced manufacturing space
  • Phase II successfully entitled and pad-ready for construction in 2025
  • Impressive specifications including 8,600 Amps of power and 36' clear heights
  • Strategic location in Bedford's innovation hub, close to talent pools and amenities
Negative
  • None.

Ownership to unveil design concept for second building, commencing Phase II in 2025.

BOSTON, Oct. 1, 2024 /PRNewswire/ -- Camber Development and Wheelock Street Capital announce the completion of Phase I at 44 Middlesex–a new, world-class advanced manufacturing campus being developed in Bedford, Massachusetts. In completing Phase I of the project, the partnership marks the delivery of the first of two, 147,000-square-foot, unmatched advanced manufacturing and biomanufacturing spaces to the Greater Boston submarket. Newmark Executive Managing Directors Richard Ruggiero, Matt Adams, Torin Taylor, Rory Walsh and Tyler McGrail were retained as the exclusive leasing agents for the property. 

"We congratulate ownership on achieving this milestone in the project as it marks the delivery of a best-in-class facility within a market with little existing supply and robust tenant demand," said Taylor. "We are confident that through our collaborative partnership with Camber Development and Wheelock Street Capital, we will swiftly identify a complementary fit for this space."

Phase II of the development will encompass the delivery of a second, 147,000-square-foot building, which has been successfully entitled and is pad-ready. Construction is slated to begin in 2025, with a one-year construction duration–targeting a completion date in 2026.

"We are proud to introduce 44 Middlesex to the market and partner with leading companies in Greater Boston to create an optimal location for its business to thrive" remarked Tucker Kelton, Founder and Managing Partner at Camber. "The depth and breadth of impactful technological advancement in the life science, climate technology and robotics industries taking place throughout Massachusetts is unrivaled and inspires our team to continue investing in and developing best-in-class innovative industrial real estate like 44 Middlesex."

Totaling 294,000 square feet, the two-building life science and advanced manufacturing campus offers unmatched physical specifications including 8,600 Amps of power, 36' clear heights, six loading docks, robust structural capacity for rooftop equipment and interior mezzanine, and a large outdoor amenity area with a fire feature, Ipe decking, and synthetic lawn. The campus' highly functional and flexible design is equipped to accommodate cutting-edge technology and practices. Each of Buildings 1 and 2 will be two-story structures, featuring 105,000 square feet on the ground floor and a 42,000-square-foot mezzanine space on the second floor.

44 Middlesex is situated in the innovation and manufacturing hub of Bedford, MA–the preeminent location for life science manufacturing and R&D users seeking a location central to executive and R&D talent, and the manufacturing talent pool clustered to the north and west of Boston. The campus will also benefit from the highly amenitized surrounding area–five major retail centers within a 10-minute drive, thus, 400+ individual stores and a roster of dining options such as Row 34, Tuscan Kitchen, The Bancroft, Capital Grille, King's and Yard House. Additionally, the campus benefits from its proximate location to approximately 2.5 million square feet of future retail space in Burlington, Massachusetts, which offers a vast amount of entertainment options close by.

About Camber Development
Camber Development is a Boston-based real estate investor and developer with an entrepreneurial spirit and institutional capital support.  With a focus on logistics, advanced manufacturing and life science properties, Camber strives to capitalize on the convergence of these industries within it growing portfolio and facilitate the growth and operations of its customers.  The firm was founded in 2020 and has acquired nearly 3 million square feet of innovative industrial real estate, including approximately 600,000 square feet currently under development. For more information visit camberdev.com.

About Wheelock Street Capital
Wheelock Street Capital was formed in 2008 by Rick Kleeman and Jonathan Paul, two veteran real estate private equity investors, each with over 30 years of broad real estate transaction experience across all major asset classes. Wheelock has raised over $5 billion in capital commitments from well-known institutional investors and focuses on real estate investment opportunities throughout the United States, in both public and private markets.  Wheelock is currently deploying its seventh fund in its value-added series, Wheelock Street Real Estate Fund VII and its first perpetual life fund, Wheelock Street Long Term Value Fund.  Wheelock's investment team benefits from extensive experience from top-tier institutional investment firms and highly regarded real estate operating companies and has produced a 15-year track record of demonstrated and consistent outperformance over industry benchmarks. For more information visit wheelockst.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 year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Cision View original content:https://www.prnewswire.com/news-releases/boston-based-developer-announces-completion-of-phase-i-at-world-class-advanced-manufacturing-campus-44-middlesex-302264791.html

SOURCE Camber Development

FAQ

What is the total square footage of the 44 Middlesex campus in Bedford, Massachusetts?

The 44 Middlesex campus in Bedford, Massachusetts, totals 294,000 square feet across two buildings.

When is Phase II of the 44 Middlesex project expected to be completed?

Phase II of the 44 Middlesex project is expected to be completed in 2026, with construction slated to begin in 2025.

What are some key features of the buildings at 44 Middlesex?

Key features of the buildings at 44 Middlesex include 8,600 Amps of power, 36' clear heights, six loading docks, robust structural capacity for rooftop equipment and interior mezzanine, and a large outdoor amenity area.

Who are the developers behind the 44 Middlesex project?

The 44 Middlesex project is being developed by Camber Development and Wheelock Street Capital.

Newmark Group, Inc.

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