617.924.4600
MassEcon in the News

For Immediate Release:
Contact:

Annie O'Connell, Communications Director
aoconnell@massecon.com
617-924-4600

Businesses Add 1 Million Square Feet at ‘ReadyMass 100’ Sites

Six New Locations Added to MassEcon’s on-line Portfolio of Available Locations

 WATERTOWN, MA – Businesses added about one million square feet of space in Massachusetts in 2017 from properties listed on MassEcon’s ReadyMass 100  portfolio  of available land and buildings, the nonprofit group that promotes business in the Commonwealth reported today.

MassEcon, the Commonwealth’s partner in promoting business and locations in the state, said that six properties were removed from the 2017 portfolio of available and ready properties because they were scooped up by Massachusetts companies relocating or expanding or by companies that decided to move to the Bay State.

And MassEcon, after vetting multiple new properties in all regions of the state, added six new market-ready properties to its 2017 ReadyMass100 list.

“This year marked the ninth anniversary of the ReadyMass initiative,” said Susan Houston, Executive Director of MassEcon. “We saw diverse companies move into properties from Norwood to Worcester, and added new sites from Boxborough to Needham, illustrating the strength of the ReadyMass 100 tool for companies looking to do business in all regions of the state.”

Prominent companies that located in properties from the 2017 ReadyMass 100 portfolio include:

  • Imperial Distributors, 325,000 square feet at 150 Blackstone River Road, Worcester.
  • Insulet Corporation, 195,000 square feet at Nagog Park, Acton.
  • AS Marriott, 117,000 square feet, also at CitySquare, Worcester.
  • MS Walker, 363,000 square feet at 975 University Avenue, Norwood.


The complete list of ReadyMass 100 Success Stories can be found here.

The latest ReadyMass 100 portfolio, for 2017, includes properties from all corners of the state. Of the total of 81, 19 are located in communities designated by the state as Gateway Cities, where growth is particularly encouraged.

The six new properties added to the ReadyMass 100 portfolio this month are:

The ReadyMass 100 initiative is designed to promote expansion opportunities for businesses. The initiative helps to retain companies growing in Massachusetts and to communicate to both in-state and out-of-state companies that Massachusetts has a ready inventory of properties to meet the needs of businesses of all sizes and across all industry sectors. MassEcon developed the initiative as part of a collaboration with the Commonwealth, regional economic development groups, and the real estate community.

“The ReadyMass100 portfolio is a vital tool for the Commonwealth and its companies, and expands the Massachusetts footprint to companies from out-of-state looking to move here.” said Doug Kehlhem, MassEcon Senior Director in charge of the ReadyMass 100 program.

A team of real estate experts in collaboration with MassEcon’s state partners rigorously evaluated properties, which include both building and land sites, are certified for immediate occupancy or development, and have met key criteria relating to infrastructure, permitting, size and readiness. The properties can be viewed on MassEcon’s website at: http://massecon.com/services/readymass100/search.

Since its inception in 2009, the ReadyMass 100 has resulted in over 40 success stories that represent over 6 million square feet of absorption.

ABOUT MassEcon
MassEcon, founded in 1993, is a nonprofit, nonpartisan entity that champions Massachusetts as the best place to start, grow, and locate a business.  Its services include the state’s only Site Selection Service, which helps expanding and relocating companies find a home in the Commonwealth; the Research and Information Service, which provides companies with the information they need to evaluate the Commonwealth as a location to grow; and the Massachusetts Ambassadors, a network of civic and corporate leaders who help market Massachusetts as a place to do business. For more information, please go to www.massecon.com or www.twitter.com/MassEcon.

 

# # #

December 20, 2017